BOE Report

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]

Panton Announces Several New Top Hires Coming from Quorum Business Solutions and ConocoPhillips

HOUSTON--(BUSINESS WIRE)--Panton Inc. announced today the hiring of Bruce Wallace to Vice President of Production Data Center, and Ross Bohnstedt as Director of Business Development. Panton also hired Yang Liu, Ph.D., as Principal Data Scientist, and Roger Cao, Ph.D., as Senior Data Scientist. Bruce, a 30-year veteran in the industry comes to Panton from Quorum Business Solutions and currently serves as President of the North Texas Measurement Association. Ross, who was at Quorum for over ten [Read more]

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]