BOE Report

Pioneer Natural Resources to Present at The Cowen and Company Ultimate Energy Conference

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Frank Hopkins, Senior Vice President, Investor Relations, will present at The Cowen and Company Ultimate Energy Conference on Tuesday, December 1, 2015 at 8:35 a.m. Eastern Time. Any interested person may listen to the live presentation and view the presentation slides during the conference, or hear an archived version afterwards, by logging on to Pioneer’s website at www.pxd.com, selecting ‘Investors,’ [Read more]

Fluor Project for Chevron Awarded Project Management Institute’s 2015 Project of the Year

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) announced today that the Project Management Institute has selected Chevron’s El Segundo Refinery Coke Drum Reliability Project as its 2015 Project of the Year. Fluor served as the engineering, procurement and construction management (EPCM) contractor, in addition to performing initial studies and front-end design work. The project replaced six coke drums and incorporated seismic upgrades to the coker structure at Chevron’s El [Read more]

WPX Completes Sale of Van Hook Gathering System

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE: WPX) announced today that it has completed the sale of a North Dakota gathering system for approximately $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P. (NYSE: ARES). The sale is part of WPX’s deleveraging plan targeting $400-$500 million in divestitures by the end of 2015. WPX also recently completed an $80 million sale of its coalbed methane properties in Wyoming. WPX is working to [Read more]

Former U.S. Trade Rep. and Dallas Mayor Ron Kirk to Chair Texas LNG Campaign

AUSTIN, Texas--(BUSINESS WIRE)--Texans for LNG, an education campaign to raise public awareness of the value of liquefied natural gas (LNG) export facilities in Texas, today announced its official launch with former U.S. Trade Representative and Dallas Mayor Ron Kirk serving as the campaign’s chairman. LNG export facilities are poised to drive a new wave of economic development in communities throughout Texas. According to a recent study by ICF International, the LNG export sector will bring [Read more]

Preferred Sands’ Genoa Sand Offers Performance Benefits and Logistics Savings When Compared to Northern White Sand

RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands, one of North America’s leading proppant technology companies, today announced that third-party testing and real production data confirm that silica sand from its Genoa, Nebraska processing facility provides comparable crush and performance benefits to Northern White Sand, in addition to offering a lower proppant cost and logistics savings. The findings were based on recent Proptester reports for 40/70 and 100M Genoa sand, which reported 40/70 is an [Read more]

TAYO Well-Positioned to Strike Bargain Deals as Oil Companies Sell Off Assets

HOUSTON--(BUSINESS WIRE)--As the oil slump lingers, Taylor Consulting, Inc. (OTCQB: TAYO) will be well-positioned to add distressed properties to its West Texas real estate portfolio when struggling U.S. oil companies begin auctioning off assets. According to new industry analysis by Fitch Ratings, some overextended oil companies, facing growing pressure from lenders to pay down their obligations, will soon be all but forced to sell oil-patch assets they had previously refused to liquidate. [Read more]

Enduro Royalty Trust Announces Monthly Cash Distribution

AUSTIN, Texas--(BUSINESS WIRE)--Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.032287 per unit, payable on December 14, 2015 to unitholders of record on November 30, 2015. The distribution primarily represents oil production during the month of August 2015 and natural gas production during July 2015. The following table displays underlying oil and natural gas sales volumes and average received wellhead [Read more]

FTTN: Data May Show a Tightening Oil Market, Boding Well for Service Companies

LAS VEGAS--(BUSINESS WIRE)--Fresh off the signing of an important letter of intent to explore business opportunities in the oilfield service market, First Titan Corp. (OTCQB: FTTN) is noting one bold prediction that the industry could soon enjoy a welcome rebound. According to one noted industry analyst, the oil market is showing the first signs of tightening, meaning demand is starting to outpace supply. If this trend holds, the price of crude could rise, leading to expanded budgets for [Read more]

Geospace Technologies Reports Fiscal Year 2015 Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ Global: GEOS) today announced a net loss of $32.6 million, or $2.51 per diluted share, on revenue of $84.9 million for its fiscal year ended September 30, 2015. This compares with net income of $36.9 million, or $2.81 per diluted share, on revenue of $236.9 million for the prior year. For the fourth quarter ended September 30, 2015, the company recorded revenue of $16.0 million and a net loss of $13.5 million, or $1.03 per [Read more]

Leading Proxy Advisory Firm ISS Recommends That MarkWest Unitholders Vote “For” the Combination of MPLX and MarkWest

DENVER--(BUSINESS WIRE)--MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, has issued a report recommending that MarkWest unitholders vote FOR the combination of MPLX (NYSE: MPLX) and MarkWest. Frank M. Semple, Chairman, President and Chief Executive Officer of MarkWest Energy GP, L.L.C. said, “We are pleased that ISS has recommended that our unitholders vote to support the [Read more]