BOE Report

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]

Fitch Rates Black Hills' Senior Notes 'BBB+'; IDR Remains on Negative Watch

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'BBB+' to Black Hills Corporation's (BKH) issuance of $550 million of senior unsecured notes, which substantially completes BKH's permanent acquisition financing needs. The debt issuance is comprised of two tranches including $250 million of 2.5% three-year senior notes due Jan. 11, 2019 and $300 million of 3.95% 10-year notes due Jan. 15, 2026. Fitch has also placed BKH's senior notes on Rating Watch Negative. Proceeds will be [Read more]

Fitch Rates Black Hills' Senior Notes 'BBB+'; IDR Remains on Negative Watch

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'BBB+' to Black Hills Corporation's (BKH) issuance of $550 million of senior unsecured notes, which substantially completes BKH's permanent acquisition financing needs. The debt issuance is comprised of two tranches including $250 million of 2.5% three-year senior notes due Jan. 11, 2019 and $300 million of 3.95% 10-year notes due Jan. 15, 2026. Fitch has also placed BKH's senior notes on Rating Watch Negative. Proceeds will be [Read more]

Gulf Coast Western Subsidiary Acquires Assets of Orbit Energy Partners with Plans to Develop Large Acreage Position in South Louisiana

DALLAS--(BUSINESS WIRE)--Dallas-based Gulf Coast Western, LLC announced today its subsidiary, Orbit Gulf Coast Exploration, LLC, has acquired substantially all of the assets of Lafayette, Louisiana-based Orbit Energy Partners, LLC. The acquisition includes proprietary rights and access to hundreds of square miles of 3D seismic data in Southwestern Louisiana, working interests in 13 producing wells and 140 defined drilling locations with approximately 30 million barrels of oil equivalent of total [Read more]

Gulf Coast Western Subsidiary Acquires Assets of Orbit Energy Partners with Plans to Develop Large Acreage Position in South Louisiana

DALLAS--(BUSINESS WIRE)--Dallas-based Gulf Coast Western, LLC announced today its subsidiary, Orbit Gulf Coast Exploration, LLC, has acquired substantially all of the assets of Lafayette, Louisiana-based Orbit Energy Partners, LLC. The acquisition includes proprietary rights and access to hundreds of square miles of 3D seismic data in Southwestern Louisiana, working interests in 13 producing wells and 140 defined drilling locations with approximately 30 million barrels of oil equivalent of total [Read more]

Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2015 Conference Call for Thursday, February 25, 2016

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) will host a conference call on Thursday, February 25, 2016, at 8:30 AM CT (9:30 AM ET) to discuss fourth quarter and full-year 2015 financial and operating results. The Company plans to announce fourth quarter and full-year 2015 results on Wednesday, February 24, 2016, after close of trading. Conference Call Information: Dial-in: (855) 445-9894Intl. dial-in: (330) 863-3281Participant Passcode: 25031593 To access [Read more]

Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2015 Conference Call for Thursday, February 25, 2016

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) will host a conference call on Thursday, February 25, 2016, at 8:30 AM CT (9:30 AM ET) to discuss fourth quarter and full-year 2015 financial and operating results. The Company plans to announce fourth quarter and full-year 2015 results on Wednesday, February 24, 2016, after close of trading. Conference Call Information: Dial-in: (855) 445-9894Intl. dial-in: (330) 863-3281Participant Passcode: 25031593 To access [Read more]

A Total of $80,000 in Cash Prizes Will Be Awarded at This Year’s 5th Annual 2016 Shale Gas Innovation Contest

STATE COLLEGE, Pa.--(BUSINESS WIRE)--Innovators who are developing or have recently commercialized new products or services that are applicable to any aspect of the O&G industry should be entering the 5thAnnual Shale Gas Innovation Contest. The contest, sponsored by Ben Franklin’s Shale Gas Innovation and Commercialization Center (www.sgicc.org) offers a total of $80,000 in cash prizes to be split among the four best shale-energy oriented innovations. Any new technology that could be employed [Read more]