BOE Report

CrossAmerica to Expand Presence in Minnesota and Wisconsin Markets with Latest Acquisition

ALLENTOWN, Pa.--(BUSINESS WIRE)--CrossAmerica Partners LP (NYSE: CAPL) (“CrossAmerica” or “The Partnership”) announced today that it has entered into a definitive agreement to acquire thirty-one franchise Holiday stores located in Wisconsin and Minnesota that are being sold by SSG Corporation for $48.5 million. Of the 31 company-operated stores, 28 are located in Wisconsin and 3 are located in Minnesota. Twenty-seven of the sites are owned fee simple locations. For the twelve month period [Read more]

Pioneer Natural Resources Company Announces Upsizing and Pricing of Common Stock Offering

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has priced a public offering of its common stock at $117.00 per share. The size of the offering has been upsized from 10.5 million shares to 12 million shares. Pioneer will receive total gross proceeds (before underwriters’ discounts and commissions and estimated expenses) of approximately $1.4 billion. BofA Merrill Lynch, Citigroup, Credit Suisse and J.P. Morgan are acting [Read more]

California Resources Corporation to Participate at Upcoming Industry Conference in January

LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced that Mark Smith, Senior Executive Vice President & CFO, will be participating in a panel discussion at the Goldman Sachs Global Energy Conference in Miami on January 6th, 2016. The slides utilized at the conference will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section on crc.com. About California [Read more]

Upstream Oil and Gas M&A Deal Count and Asset Transaction Value Plunged in 2015 as Weak, Volatile Oil Market Sidelined Many Buyers and Sellers, IHS Says

HOUSTON--(BUSINESS WIRE)--Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult for buyers and sellers to achieve consensus on value and outlook. These findings come from new analysis by IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. Despite the boost from Shell’s [Read more]

FTTN: Enhanced Oil Recovery Advances Spell Opportunity in Today’s Low Price Environment

LAS VEGAS--(BUSINESS WIRE)--With the price of oil mired in a slump and the industry giants slashing investments, First Titan Corp. (OTCQB: FTTN) believes it has found a way to generate revenue even in a down market. The company notes that researchers at Penn State University have discovered a new means of enhanced oil recovery (EOR) that could outperform existing drilling and recovery techniques, and is interested in cooperating in bringing this new technique to the field. The Penn State team [Read more]

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $185.7 million and its unaudited net asset value was $134.7 million, or $19.37 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior [Read more]

Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $253.2 million and its unaudited net asset value was $190.8 million, or $13.14 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities [Read more]

Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $1.4 billion and its unaudited net asset value was $874.4 million, or $18.60 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to [Read more]

Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $2.6 billion and its unaudited net asset value was $1.4 billion, or $28.79 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $241.5 million and its unaudited net asset value was $166.7 million, or $16.64 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]