BOE Report

EXCO Resources Announces Capital Budget for First Six Months of 2016 Drilling Activity

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced that the Company is executing on its disciplined capital allocation approach to ensure the highest and best uses of capital. EXCO will be selectively developing its asset base during the first six months of 2016, while deferring a significant amount of the Company’s drilling inventory until commodity prices improve. Capital Budget Overview EXCO’s Board of Directors has approved an operated [Read more]

Devon Energy to Present at Capital One Securities Annual Energy Conference

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that Howard J. Thill, senior vice president of communications and investor relations, will present at the Capital One Securities Annual Energy Conference on Thursday, Dec. 10, 2015, at 9:40 a.m. CT (10:40 a.m. ET). The event will be available to the public via internet webcast. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event. The presentation will include [Read more]

Unit Corporation to Participate in Upcoming Conferences

TULSA, Okla--(BUSINESS WIRE)--Unit Corporation (NYSE: UNT) announced today that it will present at the Cowen and Company Ultimate Energy Conference on Wednesday, December 2nd. The presentation will be broadcast live over the Internet at 11:30 a.m. Eastern Time (10:30 a.m. Central Time). Unit will present at the Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, Florida. Unit’s presentation will be broadcast live over the Internet on Thursday, December 3rd at 9:30 a.m. [Read more]

Fitch Affirms Apache's Long-Term Ratings at 'BBB+'; Outlook Remains Stable

CARACAS, Venezuela--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Rating (IDR) and senior unsecured ratings of Apache Corporation (NYSE:APA) at 'BBB+'; the Outlook remains Stable. Approximately $8.78 billion in debt is affected by today's rating action. KEY RATING DRIVERS Apache's ratings are supported by the company's significant debt repayments; rising exposure to liquids; high capex flexibility; historical track record of solid operational performance in the space; and recent [Read more]

FTTN: Continued Hints on Rising Oil Prices Good Sign for EOR Companies

LAS VEGAS--(BUSINESS WIRE)--Many of today’s mainstream headlines talk about the effect of low prices on the oil industry. However, scratch below the surface and dig a little deeper into the news, and there are many indications the oil and gas market is about to pivot in a completely new direction, a welcome change in course First Titan Corp. (OTCQB: FTTN) has been anticipating and preparing for. Industry talk has been quietly gathering momentum about a coming oil price spike. More and more [Read more]

New Jersey Resources Reports Fiscal 2015 Results; Announces Fiscal 2016 Earnings Guidance

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE:NJR) today reported net financial earnings (NFE) of $151.5 million, or $1.78 per share, for fiscal 2015 and announced NFE guidance for fiscal 2016. A reconciliation of net income to NFE for the fourth quarter and fiscal years 2015 and 2014 is provided below.   Three Months Ended   Twelve Months Ended September 30, September 30, (Thousands) 2015   2014 2015   2014 Net income (loss) $ 4,197   $ (24,420 ) $ 180,960   $ 141,970 [Read more]

Colorado Interstate Gas Company, L.L.C. Announces Its Intent to Delist Its 6.85% Senior Debentures Due June 15, 2037 from the NYSE and Terminate SEC Reporting

HOUSTON--(BUSINESS WIRE)--Colorado Interstate Gas Company, L.L.C. (the Company), today announced that it had submitted a notice to the New York Stock Exchange (the NYSE) of its intention to voluntarily withdraw the Company’s 6.85% Senior Debentures due June 15, 2037 (the 2037 Debentures) from listing on the NYSE and to voluntarily terminate the registration of the 2037 Debentures under the Securities Exchange Act of 1934, as amended (the Exchange Act). The Company’s Management Committee made [Read more]

Jones Energy, Inc. to Participate in Upcoming Investor Conferences

AUSTIN, Texas--(BUSINESS WIRE)--Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or “the Company”) announced today that Founder, Chairman, and CEO, Jonny Jones, will present at the investor conferences listed below on the following dates: December 9: Wells Fargo Energy Symposium in New York, NY December 10: Capital One Securities Energy Conference in New Orleans, LA The presentation materials for each of these events will be posted to the Company’s website at www.jonesenergy.com in the Investor [Read more]

Proxy Advisory Firms Glass Lewis and Egan-Jones Recommend that MarkWest Unitholders Vote “For” the Combination of MarkWest and MPLX

DENVER--(BUSINESS WIRE)--MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today that Glass Lewis & Co., LLC (“Glass Lewis”), and Egan-Jones Proxy Services (“Egan-Jones”), two independent proxy advisory firms, have issued reports recommending that MarkWest unitholders vote “FOR” the combination of MarkWest and MPLX (NYSE: MPLX). The recommendations of Glass Lewis and Egan-Jones follow Institutional Shareholder Services Inc.’s (ISS) recent report that also recommended that MarkWest [Read more]

PLG Provides Latest Market Intelligence on Shale Gas-related Industrial Projects

CHICAGO--(BUSINESS WIRE)--PLG Consulting announces the release of SHIELD (SHale gas Industrial Expansion Logistics Database), the only subscription data service delivering the very latest market intelligence for the industrial expansion in the U.S. driven by the shale gas boom. SHIELD contains detailed project information for more than 200 projects with over $250 billion in projected capital investment. SHIELD has the information to help you connect the gas downstream supply chain with market [Read more]