BOE Report

ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas. “Our thoughts are with all who have been impacted by the devastating tornadoes, and especially with the families who lost loved ones during the holiday season,” said Rex W. Tillerson, chairman and chief executive officer. “We hope that this donation to the Red Cross [Read more]

Lillian S. Harris Joins Post & Schell’s Energy & Utilities Group in Harrisburg as Principal

HARRISBURG, Pa.--(BUSINESS WIRE)--Post & Schell, P.C. is pleased to announce that Lillian Harris has joined the Firm as a Principal in its Energy & Utilities Practice Group, resident in the Firm’s Harrisburg, PA Office. Ms. Harris has over 25 years of industry, government, and private practice experience in energy and utility industry-specific legal matters, including regulatory and transactional matters, Marcellus Shale matters, as well as government affairs and legislative experience. She also [Read more]

Energy CFOs Expect a Run on Distressed Assets in 2016

CHICAGO--(BUSINESS WIRE)--As 2016 begins, the energy industry remains uncertain of when the sector will turn around—and companies are taking steps to streamline operations until prices begin to recover. With 85 percent of U.S. oil and gas chief financial officers (CFOs) predicting low oil and gas prices to be their greatest financial challenge in 2016, many energy companies are looking to tighten their belts by selling off assets. According to BDO USA LLP's annual Energy Outlook Survey, 75 [Read more]

Breitburn Energy Partners Declares Monthly Distributions for Preferred Units

LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners LP (NASDAQ:BBEP) announced today distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ: BBEPP) and 8% Series B Perpetual Convertible Preferred Units. A cash distribution of $0.171875 per Series A Unit is payable on February 15, 2016, to record holders of its Series A Units at the close of business on January 29, 2016. This monthly distribution is equal to an annual distribution of $2.0625 per Series A [Read more]

Parsley Energy to Participate in the Goldman Sachs Global Energy Conference 2016 on January 6th and 7th

AUSTIN, Texas--(BUSINESS WIRE)--Parsley Energy, Inc. (NYSE: PE) today announced that the Company will participate in the 2016 Goldman Sachs Global Energy Conference in Miami, Florida. In conjunction with the conference, an updated investor presentation will be posted to the Investor Relations section of Parsley’s website under Events and Presentations. About Parsley Energy, Inc. Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition and development of [Read more]

Swift Energy Company and Texegy LLC Announce Central Louisiana Property Transaction

HOUSTON--(BUSINESS WIRE)--Swift Energy Company (OTC PINK: SFYW) (the “Company”) and TEXEGY LLC (“Texegy”) today announced that U.S. subsidiaries of the Company and Texegy have entered into a purchase and sale agreement (the “PSA”) providing for the Company to sell to Texegy a 75% share of the Company’s holdings in the South Bearhead Creek Field and Burr Ferry Field areas located in Central Louisiana (the “Properties”). Closing is anticipated to occur on or before March 15, 2016, subject to [Read more]

Swift Energy Company Enters Into Comprehensive Restructuring Support Agreement with Majority of Senior Noteholders and Files Chapter 11 to Effectuate Restructuring

HOUSTON--(BUSINESS WIRE)--Swift Energy Company (OTC PINK: SFYW) (“the Company”) announced today that it has reached an agreement with holders of a majority of its senior notes to convert all senior notes to equity pursuant to the terms of a restructuring support agreement signed today. Under the agreement, existing equity holders are to retain four percent of the Company’s equity on a fully diluted basis, subject only to dilution as a result of a proposed new management incentive program. In [Read more]

PKN ORLEN Announces Completion of Merger of Kiwi Acquisition Corp. with FX Energy, Inc.

WARSAW, Poland--(BUSINESS WIRE)--Polski Koncern Naftowy ORLEN S.A. (WSE: PKN) (“PKN ORLEN”) today announced the successful completion of the merger (the “Merger”) of its indirectly wholly owned subsidiary, Kiwi Acquisition Corp. (“Merger Sub”), a wholly owned subsidiary of ORLEN Upstream Sp. z o.o., a Polish private limited company (“Parent”), with FX Energy, Inc. (NASDAQ: FXEN) (the “Company”). The Company held a meeting of its stockholders today to approve the Merger, during which meeting the [Read more]

NuStar and ConocoPhillips Loading Their First Export Cargo of U.S. Crude Oil After Lifting of Crude Oil Export Ban

SAN ANTONIO--(BUSINESS WIRE)--On the heels of the U.S. government's recent lifting of the federal ban on the export of crude oil produced in the United States, NuStar Energy (NYSE: NS) and ConocoPhillips (NYSE: COP) announce they are loading what they believe to be the nation's first export cargo of U.S.-produced light crude oil since the 40-year-old ban was lifted on December 18. ConocoPhillips committed to sell Eagle Ford light crude oil/condensate to international trading company Vitol. [Read more]

Total Sales of Natural Gas Vehicles Are Expected to Exceed 35 Million from 2015 to 2025, According to Navigant Research

BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research analyzes the market for natural gas (NG) refueling infrastructure and the factors expected to influence its deployment, including global market forecasts segmented by fuel type, station type, and region, through 2025. NG is an attractive alternative to diesel for medium and heavy duty vehicles in meeting regulatory standards and an appealing option for reducing operating costs and carbon emissions in many automotive [Read more]