BOE Report

Toscana Energy Will Not Proceed With the Acquisition of Oil Assets, Will Decrease Its Monthly Dividend and Confirms January Dividend

CALGARY, Alberta, Jan. 12, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) announces that it will not proceed with the previously disclosed acquisition of assets that produce 300 barrels a day of light oil production, for $15,000,000 in cash, as outlined in the press release dated November 25, 2015.  The significant erosion in energy prices coupled with very soft debt and financial markets are the main drivers in the decision.  In [Read more]

Penn Virginia Corporation Announces Suspension of Trading and Commencement of NYSE Delisting Procedures; Common Stock Expected to Begin Trading on the OTC Pink

RADNOR, Pa., Jan. 12, 2016 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today announced that it received notification from the New York Stock Exchange (NYSE) that the NYSE had determined to commence proceedings to delist the Company’s common stock as a result of the NYSE’s determination that the Company’s common stock was no longer suitable for listing on the NYSE based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE’s Listed Company Manual. The NYSE also [Read more]

Diamondback Energy, Inc. Provides Interim Q4 2015 Operational Update and Preliminary 2016 Guidance

MIDLAND, Texas, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) today provided an operational update for the quarter ended December 31, 2015, and announced preliminary financial and operating guidance for the full year of 2016. OPERATIONS UPDATE Diamondback expects Q4 2015 production to be between 36.0 Mboe/d and 38.0 Mboe/d, which would place full year 2015 production above the 31.0 Mboe/d to 32.0 Mboe/d guidance range for 2015. [Read more]

Diamondback Energy Launches Common Stock Offering

MIDLAND, Texas, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced today the launch of an underwritten public offering of 2,250,000 shares of its common stock, subject to market and other conditions. The underwriter will have an option to purchase up to an additional 337,500 shares of common stock from Diamondback. All of the shares to be sold in this offering will be sold by Diamondback. The underwriter intends to offer the [Read more]

KBR Acquires Chematur Engineering Subsidiaries Ecoplanning, Plinke and Weatherly

HOUSTON, Jan. 13, 2016 (GLOBE NEWSWIRE) -- KBR, Inc. (NYSE:KBR) announced today it has acquired Weatherly Inc. (Weatherly), Plinke GmbH (Plinke), and Chematur Ecoplanning Oy (Ecoplanning) from Chematur Technologies AB, owned by Connell Chemical. Weatherly is a North American-based company with extensive experience providing nitric acid and ammonium nitrate proprietary technologies and services to the fertilizer market. For more than five decades, Weatherly has designed, engineered and [Read more]

Brushy Resources Announces Results of Wolfe #3H Well

SAN ANTONIO, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Brushy Resources, Inc. (“Brushy”) announced today the results from recent work completed on the Wolfe #3H well located in the Company’s Crittendon field in Winkler County, Texas. The Wolfe #3H well was drilled into the Brushy Canyon formation via a re-entry of an existing vertical well bore, with a 3,800 foot horizontal leg drilled in a west-east direction.  The well encountered 50 feet of pay and was completed with a 9 stage Frack with 3.4MM # [Read more]

Diamondback Energy Announces Pricing of Upsized Common Stock Offering

MIDLAND, Texas, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced today the pricing of an underwritten public offering of 4,000,000 shares of its common stock.  The 4,000,000 share offering represents a 1,750,000 share upsize to the originally proposed 2,250,000 share offering. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the [Read more]

LPL Financial Welcomes Peoples Security Bank & Trust

– Pennsylvania-based Bank Consolidates On LPL’s Platform To Enable Significant Expansion of Its Wealth Management Program – – Bank Also Announces Acquisition of Edward J. Gilmartin/Gilmartin Associates, an Asset Management and Retirement Services Firm – CHARLOTTE, N.C., Jan. 13, 2016 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that Peoples [Read more]

Statoil announces acquisition of minority shareholding in Lundin Petroleum

STAVANGER, Norway, Jan. 14, 2016 (GLOBE NEWSWIRE) -- Statoil ASA (OSE: STL, NYSE: STO) has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil's indirect exposure to core assets on the Norwegian Continental Shelf ("NCS").   "We consider this a long term shareholding. The Norwegian Continental Shelf is the backbone [Read more]

Lilis Energy Appoints Ronald D. Ormand Chairman of the Board and Oil & Gas Veteran, R. Glenn Dawson, Joins Lilis’s Board as a Director

DENVER, Jan. 14, 2016 (GLOBE NEWSWIRE) -- Lilis Energy (NASDAQ:LLEX), a domestic oil and gas exploration and production company focused in the Denver-Julesburg (DJ) Basin, has announced the appointment of Director Ronald D. Ormand as Chairman of the Board of Directors. Former Chairman Nuno Brandolini, who served in that role since April 2014, will remain as a member of the Board of Directors. In addition, R. Glenn Dawson joins as an independent Director and member of the Audit Committee, and [Read more]