BOE Report

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]

Fitch Affirms UGI Utilities' IDR at 'A-'; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of UGI Utilities, Inc. (UGIU) at 'A-' and its senior unsecured debt rating at 'A'. The Rating Outlook is Stable. The rating action affects approximately $600 million of long-term debt. KEY RATING DRIVERS --Healthy customer growth despite macro headwinds; --Credit metrics have reasonable headroom for rating level; --Large capex; --Ratings independent from UGI Corp. UGIU continues to experience healthy [Read more]

Concho Resources Inc. to Participate in Upcoming Conferences

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) today announced that the Company will participate in the Goldman Sachs Global Energy Conference on Wednesday, January 6, 2016, and will participate in the U.S. Capital Advisors E&P Corporate Access Day on Wednesday, January 20, 2016. The Company will refer to its January 2016 Investor Presentation, which will be available on the Investor Relations section of the Company’s website, www.concho.com. About Concho [Read more]

Samruk-Kazyna annonce six accords d'une valeur totale de 4 milliards de dollars US lors de la 3e réunion du Conseil commercial entre le Kazakhstan et la Chine

BEIJING--(BUSINESS WIRE)--Samruk-Kazyna, le fonds souverain de la République du Kazakhstan, a annoncé aujourd'hui des protocoles d'entente et des accords pour cinq projets, d'une valeur totale de 4 milliards de dollars US, lors de la 3e réunion du Conseil commercial entre le Kazakhstan et la Chine (KCBC). Les accords conclus lors de la réunion du KCBC illustrent le renforcement des liens entre les entreprises au Kazakhstan et en Chine, les deux nations qui se trouvent au cœur de la nouvelle [Read more]