BOE Report

Oilfield Service Mergers Could Open the Door for FTTN to Grab Customers and Market Share

LAS VEGAS--(BUSINESS WIRE)--With the price of oil sinking to levels not seen in years, industry analysts are predicting a coming wave of mergers and asset sales in the oilfield services sector, a scenario that could help First Titan Corp’s. (OTCQB:FTTN) plans to enter the market. “What’s going to happen is these mergers and sales are going to greatly disrupt service company’s relationships with exploration and production companies,” said FTTN CEO Sydney Jim. “This offers a strategic opening [Read more]

Halliburton and Baker Hughes Respond to European Commission Action

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today noted the decision by the European Commission (the “Commission”) to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission's review process, and the views expressed by the Commission at this stage are preliminary only. Pursuant to applicable regulations, Phase II generally provides the Commission with 90 working days [Read more]

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) today announced their quarterly cash distributions with respect to the fourth quarter of 2015. The distributions will be payable on February 12, 2016 to holders of record of each security at the close of business on January 29, 2016. PAA announced a quarterly cash distribution of $0.70 per limited partner unit ($2.80 per unit on an annualized basis), which is unchanged from the quarterly [Read more]

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions

January 12, 2016 08:37 AM Eastern Time  HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) today announced their quarterly cash distributions with respect to the fourth quarter of 2015. The distributions will be payable on February 12, 2016 to holders of record of each security at the close of business on January 29, 2016. PAA announced a quarterly cash distribution of $0.70 per limited partner unit ($2.80 per unit on an annualized [Read more]

Plains All American Pipeline, L.P. Announces $1.5 Billion Private Placement of 8% Perpetual Series A Convertible Preferred Units

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE:PAA) today announced that it has received binding commitments for the purchase of approximately $1.5 billion of equity capital. The purchasers will acquire approximately 56 million units of a newly authorized series of 8% Perpetual Series A Convertible Preferred Units (the “Preferred Units”) at a price of $26.25 per unit. The Preferred Units will bear an annual distribution of $2.10 per unit. After two years, the Preferred Units [Read more]

Excelerate Energy Taps Radius for Global Expansion Expertise as More Nations Turn to Natural Gas

BRISTOL, England--(BUSINESS WIRE)--Excelerate Energy, which operates the largest fleet of floating storage and regasification units (FSRUs) in the industry, has developed and operates floating liquefied natural gas (LNG) import terminals for its customers in Argentina and the United Arab Emirates. These innovative terminals provide a fast-track import solution to meet the growing demand for clean-burning natural gas in each of the regions. Global growth expert Radius is helping Texas-based [Read more]

Seventy Seven Energy Inc. to Explore and Identify Capital Structure Opportunities

OKLAHOMA CITY--(BUSINESS WIRE)--Seventy Seven Energy Inc. (NYSE: SSE) announced today that it has retained the services of Lazard Freres & Co. LLC to advise the Company’s management and board of directors on identifying opportunities in its capital structure to improve value and enhance strategic growth opportunities. Chief Executive Officer Jerry Winchester said, “Our operations continue to perform at a high level delivering much needed efficiency for our customers. Working with Lazard, we [Read more]

EnLink Announces Promotions to Its Senior Leadership Team

DALLAS--(BUSINESS WIRE)--The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE: ENLK) (the “Partnership”) and EnLink Midstream, LLC (NYSE: ENLC) (the “General Partner”) (together “EnLink”), today announced the promotion of Cynthia Jaggi to Senior Vice President — Engineering and Operations Services, and Michael LeBlanc to Senior Vice President — Liquids Business Unit Operations, subject to the approval of EnLink’s Boards of Directors. Jaggi and LeBlanc will join EnLink’s Senior [Read more]

Energen Schedules 4Q15 Conference Call for February 12, 2016

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Energen Corporation (NYSE: EGN) will host a conference call on Friday, February 12, 2016, at 11:00 a.m. ET to discuss its fourth quarter 2015 financial and operating results and 2016 plans. An associated news release is expected to be issued after the market closes on Thursday, February 11, 2016. Members of the investment community may participate in the conference call by dialing 1-877-407-8289 (reference Energen earnings call). A link to the live broadcast [Read more]

Fitch Downgrades Williams, Williams Partners, & Subs; Williams Remains on Rating Watch Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded the ratings for The Williams Companies, Inc. (WMB) by one notch. The Issuer Default Rating (IDR) and senior unsecured ratings are now 'BB+', down from 'BBB-'. WMB's junior subordinated notes have been downgraded to 'BB-' from 'BB'. Both the senior unsecured debt and the junior subordinated notes have been assigned a Recovery Rating of RR4. WMB remains on Rating Watch Negative. The ratings for Williams Partners L.P. (WPZ) have also been [Read more]