AUSTIN, Texas--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (NYSE:ROYT) (the “Trust”) a perpetual royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today a cash distribution to the holders of its units of beneficial interest of $0.02281 per unit, payable on September 15, 2015, to unitholders of record on September 4, 2015. The Trust’s distribution relates to net profits and overriding royalties generated during July 2015 as provided in the conveyance of net profits and [Read more]
Evolution Midstream Secures $300 Million Equity Commitment from EnCap Flatrock Midstream
DENVER--(BUSINESS WIRE)--Evolution Midstream, LLC (“Evolution”) today announced an initial commitment of $300 million from private equity firm EnCap Flatrock Midstream (“EnCap Flatrock”) and the Evolution management team. Launched in July 2015 and headquartered in Denver, Evolution offers a full suite of integrated midstream solutions to oil and gas producers operating across North America. The company currently is focused on greenfield and strategic acquisition opportunities in the Rockies, [Read more]
CrossAmerica Partners LP Declares Increase of Quarterly Distribution
ALLENTOWN, Pa.--(BUSINESS WIRE)--CrossAmerica Partners LP (NYSE:CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5625 per unit attributable to the second quarter of 2015 (annualized $2.25 per unit), representing a 2.7% increase in the Partnership's cash distribution per unit from $0.5475 per quarter ($2.19 per unit annualized) paid with respect to the first quarter of 2015. The distribution attributable to the second quarter is [Read more]
Sonangol and Cobalt Announce US$1.75 Billion Transaction
HOUSTON--(BUSINESS WIRE)--The Angolan National Concessionaire Sociedade Nacional de Combustíveis de Angola – Empresa Pública (“Sonangol”) and Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced the signing of a Sale and Purchase Agreement for Sonangol to acquire all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 offshore Angola (the “Blocks”) for $1.75 billion with an effective date of January 1, 2015. This transaction is subject to customary Angolan [Read more]
FTTN: Energy Storage Market Potential Gaining Strength
LAS VEGAS--(BUSINESS WIRE)--Falling oil prices may mean temporarily lower fossil fuel costs, but First Titan Corp. (OTCBB: FTTN) continues to eye opportunities in renewable energy and the energy storage industries, particularly after some major players indicated they would invest big money in the segments. General Electric Co. recently said it expects the energy storage market to quadruple in size to $6 billion by 2020 and that it is revamping its battery storage systems accordingly. [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 $0.072243 per unit, payable on September 15, 2015 to unitholders of record on August 31, 2015. The distribution primarily represents oil production during the month of May 2015 and natural gas production during April 2015. The following table displays underlying oil and natural gas sales volumes and average received wellhead [Read more]
Mesa Royalty Trust Announces Trust Income for August 2015
AUSTIN, Texas--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE:MTR) announced the Trust income distribution for the month of August 2015. Unitholders of record on August 31, 2015 will receive distributions amounting to $0.057191001 per unit payable on October 30, 2015. The Trust received $86,733 and $0 from the New Mexico and Colorado portions of the San Juan Basin Properties. Royalty income from the Hugoton Properties totaled $47,584. This press release contains forward-looking statements. Although [Read more]
Preferred Sands Launches New “Build a Better Well” Campaign to Optimize Well Designs Throughout North America
RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands, one of North America’s leading proppant technology companies, today announced the launch of its “Build a Better Well” Campaign, a pioneering new initiative aimed at increasing production while reducing costs for operators. Through the Build a Better Well Campaign, Preferred Sands tracks real well production reports and studies well designs throughout North America from proposal and completions to production, with the goal of providing operators with [Read more]
Fluor and COOEC Form New Fabrication Joint Venture
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has agreed with Offshore Oil Engineering Co., Ltd. (COOEC), a subsidiary of China National Offshore Oil Corporation, to form a new joint venture, COOEC Fluor Heavy Industries Co., Ltd. (CFHI), through which the two companies will own, operate and manage the Zhuhai Fabrication Yard in China’s Guangdong province. Located near Hong Kong in the Zhuhai Gaolan Port Economic Development Zone, the Zhuhai Fabrication [Read more]
Research and Markets: Oilfield Equipment Rental Market in the Middle East 2015-2019 – New Discoveries of Oil and Gas in Middle East a Market Driver
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wpjnnh/oilfield) has announced the addition of the "Oilfield Equipment Rental Market in the Middle East 2015-2019" report to their offering. The oilfield equipment rental market in the Middle East is to grow at a CAGR of 12.43% in terms of revenue over the period 2014-2019. The report, Oilfield Equipment Rental Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with [Read more]
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