BOE Report

Clayton Williams Energy Announces Borrowing Base Redetermination and Covenants Extension

MIDLAND, Texas--(BUSINESS WIRE)--Clayton Williams Energy, Inc. (NYSE: CWEI) today announced that it has completed the scheduled semiannual borrowing base redetermination of its revolving credit facility and has extended the temporary covenant amendments originally set for expiration in 2016. Effective November 9, 2015, the borrowing base and aggregate lender commitment under the Company’s revolving credit facility is $450 million, down 10% from the $500 million borrowing base which was [Read more]

Eclipse Resources Third Quarter 2015 Operational and Financial Results

STATE COLLEGE, Pa.--(BUSINESS WIRE)--Eclipse Resources Corporation (NYSE:ECR) (the “Company”) today announced its third quarter 2015 financial and operational results. Highlights for the quarter include: Third quarter of 2015 net production averaged 225.2 MMcfe/d, which was approximately 5% above the high end of the Company’s previously issued guidance range for the quarter and represents a 163% increase to the third quarter of 2014 and a 13% sequential increase over the second quarter 2015. [Read more]

Seitel Announces Third Quarter 2015 Results

HOUSTON--(BUSINESS WIRE)--Seitel, Inc., a leading provider of seismic data to the oil and gas industry, today reported results for the third quarter ended September 30, 2015. Third Quarter Highlights - Total revenue totaled $31.2 million compared to $41.3 million in Q3 2014. Cash resales totaled $4.0 million compared to $29.4 million in Q3 2014. Cash EBITDA was ($0.6) million compared to $23.3 million in Q3 2014. Net loss was $4.1 million compared to net income of $4.5 million in Q3 2014. [Read more]

Pioneer Natural Resources Announces Fourth Quarter 2015 Earnings Press Release Date and Conference Call

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its fourth quarter 2015 earnings press release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 10, 2016. A conference call is scheduled for Thursday, February 11, 2016 at 9:00 a.m. Central Time to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below. Internet: [Read more]

Gemma Power Systems Receives FNTP for Moxie Freedom Combined Cycle Power Plant

GLASTONBURY, Conn.--(BUSINESS WIRE)--Gemma Power Systems, LLC (GPS) has received Full Notice to Proceed (FNTP) with activities under an Engineering, Procurement and Construction contract from Caithness Moxie Freedom, LLC for a 1 GW Combined Cycle Natural Gas-Fired Power Plant in Salem Township, Luzerne County, PA. Construction on the $800 million facility, named Moxie Freedom, will begin this year with completion scheduled in 2018. At the peak of construction the project is expected to employ [Read more]

KNOT Offshore Partners LP Announces Declaration of Option to Extend Bodil Knutsen Time Charter

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced the following today: The Partnership is pleased to announce that Statoil ASA has utilised its option to extend the time charter of the vessel Bodil Knutsen by one additional year until May 2017. Following the declaration of extension, Statoil ASA has two remaining one-year options to extend the time charter until May 2019. The Partnership owns, operates and acquires shuttle tankers under [Read more]

FTTN: OPEC Friction Could Signal End to Oil Price War, Setting Stage for Rebound

LAS VEGAS--(BUSINESS WIRE)--First Titan Corp. (OTCQB:FTTN) has been watching reports of recent tensions among members of the Organization of Petroleum Exporting Countries (OPEC) and believes the bickering could foreshadow the end of the world crude price war that has shaken the American oil & gas industry. The company continues to move aggressively with its acquisition plans and due diligence into the service and enhanced oil recovery markets, moves it is confident will place it in a strong [Read more]

TriSep and OriginClear Release Technical Paper Results Confirming Treatment for Produced Water Reuse

LOS ANGELES & GOLETA, Calif.--(BUSINESS WIRE)--TriSep Corporation, the specialty membrane company, and OriginClear Inc. (OTC/QB: OOIL), a leading provider of water treatment solutions, today announced results from field-testing of a combined treatment system in a joint paper, “Produced Water Treatment for Reuse in Cyclic Steam Boilers and Crop Irrigation,” authored by TriSep and OriginClear. The paper confirms that electrochemical treatment and polishing membranes eliminate detectable levels of [Read more]

TomTom Telematics and Shell join forces to help business fleets cut fuel costs and carbon emissions

AMSTERDAM--(BUSINESS WIRE)--TomTom Telematics and Shell cooperate to offer businesses in Europe a complete fuel management solution using the TomTom Telematics fleet management platform WEBFLEET alongside Shell fuel management services. As a result of this agreement, TomTom Telematics will launch a service that integrates euroShell Cards data into its WEBFLEET platform, making fuel transactions and fuel management information available for users in one system. “TomTom Telematics has a strong [Read more]

CorEnergy Releases Third Quarter 2015 Results

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) (“CorEnergy” or the “Company”) today announced financial results for the quarter ended September 30, 2015. Third Quarter Developments and Subsequent Events Declared common stock dividend of $0.15 per share quarterly ($0.60 annualized), as expected, an 11.1% increase Delivered Adjusted Funds from Operations (AFFO) of $0.22 per share (basic) and $0.20 per share (diluted) in the quarter Reiterated [Read more]