BOE Report

Fitch Rates Black Hills' Jr. Subordinated 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, IDR 'BBB+') issuance of $260 million of junior subordinated notes that are a component of BKH's equity units. Fitch has also placed BKH's junior subordinated notes on Rating Watch Negative. Each equity unit consists of a remarketable junior subordinated note due 2028 and a forward equity purchase contract obligating the holder to purchase common stock on Nov. 1, 2018. Under Fitch's [Read more]

Mesa Royalty Trust Announces Trust Income for November 2015

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE:MTR) announced the Trust income distribution for the month of November 2015. Unitholders of record on November 30, 2015 will receive distributions amounting to $0.081630390 per unit payable on January 29, 2016. The Trust received $86,742 and $0 from the New Mexico and Colorado portions of the San Juan Basin Properties. Royalty income from the Hugoton Properties totaled $80,507. This press release contains forward-looking statements. Although [Read more]

USD Partners LP Completes Acquisition of Casper Terminal and Increases Credit Facility Borrowing Capacity

HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) has completed its previously announced acquisition of the Casper, Wyoming, crude oil terminal for total consideration of $225.0 million, subject to post-closing adjustments and adjustments for working capital. The Casper terminal assets include a unit train capable rail loading terminal, 900,000 barrels of tank capacity for storage and blending operations and a pipeline connection from Spectra Energy Partners LP’s Express [Read more]

Genesis Energy, L.P. to Present at the RBC Capital Markets MLP Conference

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that Bob Deere, CFO, will make a scheduled presentation at the 2015 RBC Capital Markets MLP Conference. The conference is being held in Dallas, TX on November 18-19, 2015. Mr. Deere’s presentation will begin at 12:05 p.m. (CST) on Thursday, November 19, 2015. A copy of the slide presentation will be made available on the Partnership’s website at www.genesisenergy.com under Investors – Presentations prior to Thursday’s [Read more]

Hess Corporation Earns Place on 2015 S&P 500 Climate Disclosure Leadership Index

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) has been recognized as a leader among S&P 500 companies for climate change transparency, earning a position on the 2015 Climate Disclosure Leadership Index (CDLI) announced yesterday by CDP, an international non-profit group seeking to drive sustainable economies. Hess has been included in the CDLI for seven consecutive years and is one of only two energy companies to make the 2015 index. Reported data is independently assessed against [Read more]

LOI Opens Door for FTTN to Enter Promising Oil Field Equipment Market

LAS VEGAS--(BUSINESS WIRE)--First Titan Corp. (OTCQB: FTTN) has signed an important letter of intent (LOI) that promises to send the company in an exciting new direction in search of additional markets and increased shareholder value. FTTN’s agreement with Southern Asset Development, LLC calls for the two firms to cooperate in exploring mutually beneficial midstream oil field equipment sales and leasing business opportunities. Forecasts predict the oilfield equipment market will top $127 [Read more]

IHS SPECTRUM Excellence Awards Honor Leaders for Outstanding Achievements Through Better Informed Decisions

ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and insight, today announced that eight organizations have been selected to receive 2015 IHS SPECTRUM Excellence Awards. Founded in 2006, this prestigious industry award program honors enterprises and individuals around the world who have successfully used advanced information, analytics and expertise to make better decisions and achieve their business goals. “Decision makers in every industry [Read more]

EXCO Resources Announces Results Of Special Meeting

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that the two proposals presented by EXCO in the October proxy statement have received the affirmative vote of more than two-thirds of EXCO’s shares of common stock outstanding. Set forth below are the voting results on each of the proposals: Table 1: Tabulation Summary                         Voting Results                                       % Voted For Proposal Unit [Read more]

DustPRO Selected as a Finalist in the Seventh Annual 2015 Golden Bridge Awards for the Energy Industry Innovation of the Year Category

RADNOR, Pa.--(BUSINESS WIRE)--DustPRO, LLC announced today that its proprietary dust prevention technology DustPRO was selected as a finalist in the seventh annual 2015 Golden Bridge Awards®. The first dust prevention technology designed to reduce airborne particles during all sand transfer points, DustPRO is the only product of its kind to earn recognition in the program’s Energy Industry of the Year category. New to the awards program this year, the Energy Industry of the Year category aims to [Read more]

Kinder Morgan Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Corporation

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC Capital) to purchase up to 4 million shares of Kinder Morgan’s Class P common stock at a price of $23.30 per share in cash. The offering price is 4.51 percent below the closing price per share of Kinder Morgan’s Class P common stock on Nov. 11, 2015, the last trading day before the offer was commenced. The offer is for [Read more]