BOE Report

CEA Statement on Obama’s Keystone XL Pipeline Rejection

HOUSTON--(BUSINESS WIRE)--In response to today’s announcement by President Obama rejecting the Keystone XL pipeline, Consumer Energy Alliance (CEA) Executive Vice President Michael Whatley issued the following statement: “Consumer Energy Alliance joins American energy consumers across the nation in expressing their deep disappointment in President Obama’s decision to reject the Keystone XL pipeline. In doing so, he has thumbed his nose at more than two thirds of Americans who support reducing [Read more]

Southcross Energy Partners, L.P. Reports Adjusted EBITDA of $23.6 million and Common Unit Distribution Coverage of Approximately 1.1 times in Third Quarter 2015

DALLAS--(BUSINESS WIRE)--Southcross Energy Partners, L.P. (NYSE:SXE) (“Southcross” or the “Partnership”) today announced third quarter 2015 financial and operating results. Highlights Reported Adjusted EBITDA of $23.6 million, an increase of 26 percent over last quarter Increased distributable cash flow to $12.7 million, up from $8.6 million in the second quarter of 2015 Achieved cash distribution coverage of approximately 1.1 times on common units Increased average processed gas volumes [Read more]

ExxonMobil to Hold Media Call on New York Attorney General Subpoena

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil will host a call for media at 5:45 p.m. EST / 4:45 p.m. CST today, Thursday, Nov. 5, 2015 regarding a subpoena for production of documents relating to climate change received from the attorney general of New York. To join the call, dial 888-264-8893 (United States) or 913-312-1500 (International) and enter participant code 5346836. ExxonMobil has included information about the business risk of climate change for many years in our 10-K, Corporate [Read more]

National Fuel Reports 2015 Earnings

WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)--National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the fourth quarter and fiscal year ended September 30, 2015. National Fuel had a consolidated loss for the quarter ended September 30, 2015, of $187.7 million, or $2.22 per share, compared to the prior year’s fourth quarter earnings of $57.4 million, or $0.68 per share, a decrease of $245.1 million, or $2.90 per share. The decrease is largely [Read more]

National Fuel Announces Management Change

WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)--Today, National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) announced that Anna Marie Cellino, President of National Fuel Gas Distribution Corporation, the Utility segment of National Fuel Gas Company, has indicated her intention to retire, effective Feb. 1, 2016, after more than 34 years of service. “I congratulate Anna Marie for an outstanding career that included numerous accomplishments over her many years of dedicated service to [Read more]

Cypress Energy Partners, L.P. Announces Timing of Third Quarter Earnings Release and Conference Call

TULSA, Okla.--(BUSINESS WIRE)--Cypress Energy Partners, L.P. (NYSE: CELP) will host an earnings call on Friday, November 13, 2015, at 10:00am EST (9:00am CST) to discuss its third quarter 2015 financial results. Analysts, investors, and other interested parties may access the conference call by dialing Toll-Free (US & Canada): (888) 428-7458 or International Dial-In (Toll): (862) 255-5400. An archived audio replay of the call will be available on the investor section of our website at [Read more]

Energen’s First Middle Spraberry Wells Generate Solid Early Rates

BIRMINGHAM, Ala.--(BUSINESS WIRE)--For the 3 months ended September 30, 2015, Energen Corporation (NYSE: EGN) reported a GAAP net loss from all operations of $227.9 million, or $(2.89) per diluted share. Excluding mark-to-market derivatives losses, commodity price-related impairments primarily of proved properties in the Central Basin Platform, and other items, Energen’s adjusted income in the 3rd quarter of 2015 totaled $28.6 million, or $0.36 per diluted share. This compares with adjusted [Read more]

Whiting USA Trust II Announces Trust Quarterly Distribution

AUSTIN, Texas--(BUSINESS WIRE)--Whiting USA Trust II (NYSE:WHZ) announced the fourth Trust distribution in 2015, which relates to net profits generated during the third quarterly payment period of 2015. Unitholders of record on November 19, 2015 will receive a distribution of $0.010003 per unit, which is payable on or before November 30, 2015. As of the date of this press release, 99.9% of the Trust’s total 18,400,000 units outstanding were held by Cede & Co. (The Depository Trust Corporation’s [Read more]

ECA Marcellus Trust I Announces Quarterly Distribution

AUSTIN, Texas--(BUSINESS WIRE)--ECA MARCELLUS TRUST I (NYSE: ECT) announced today that the Trust’s distribution for the quarter ended September 30, 2015 will be $0.072 per unit, which is expected to be distributed on or before November 30, 2015 to holders of record as of the close of business on November 20, 2015. The Trust was formed by Energy Corporation of America ("ECA") to own royalty interests in natural gas properties owned by ECA in the Marcellus Shale formation in Greene County, [Read more]

Ring Energy, Inc. Schedules Conference Call on Its 2015 Third Quarter, Nine Month Financial and Operating Results

MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE-MKT: REI) (“Ring”)(“Company”) has scheduled a conference call on Tuesday, November 10, 2015 at 11:00 a.m. ET to discuss the 2015 third quarter and nine month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, November 9, 2015. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference [Read more]