BOE Report

KNOT Offshore Partners LP Announces Entry into an Agreement to Acquire the Ingrid Knutsen and extension of Carmen Knutsen time charter

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced the following today: Agreement to Acquire the Ingrid Knutsen The Partnership’s wholly owned subsidiary, KNOT Shuttle Tankers AS, has entered into a share purchase agreement to acquire Knutsen NYK Shuttle Tankers 16 AS, the company that owns the shuttle tanker, Ingrid Knutsen, from Knutsen NYK Offshore Tankers AS (the “Acquisition”). The Partnership expects the Acquisition to close within [Read more]

FTTN: Service Firms Find New Ways to Work with E&P Companies, Making Sector a Better Bet

LAS VEGAS--(BUSINESS WIRE)--Low petroleum prices have forced exploration and production (E&P) companies and oil field service organizations to come up with dramatic new ways to profitably work together. First Titan Corp. (OTCBB: FTTN) has noticed this seismic relationship shift and believes it signals that the service industry is now not only becoming a strong place to invest in, but is also a new market worth exploring. Some industry watchers are seeing that service companies and E&Ps are [Read more]

USD Partners LP Announces Strategic Acquisition of Crude Oil Terminal in Casper, Wyoming

HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) has agreed to acquire 100% of the equity interests in Casper Crude to Rail, LLC (the “Casper terminal”) from Stonepeak Infrastructure Partners, Cogent Energy Solutions and The Granite Peak Group for total consideration of $225.0 million, subject to closing adjustments. The purchase price includes $208.3 million of cash and $16.7 million of limited partner units issued to the sellers. The Casper terminal’s principal [Read more]

Tallgrass Energy Partners and Tallgrass Energy GP Announce Date for Third Quarter 2015 Financial Results and Conference Call

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP) (“Tallgrass”) announced today that they plan to report third quarter 2015 financial results on Wednesday, November 4th after the market close and hold a conference call at 4:00 pm Central Time that same day. Tallgrass invites unitholders and other interested parties to listen to the call through a link posted on the Investor Relations section of Tallgrass’s website at [Read more]

Rangeland Energy’s RIO Hub Receives Largest Frac Sand Unit Train on Record

SUGAR LAND, Texas--(BUSINESS WIRE)--Rangeland Energy (“Rangeland”) today announced that the largest frac sand unit train shipped to date in North America has arrived at the company’s RIO Hub located near Loving, New Mexico. The RIO Hub is part of Rangeland’s RIO System, which serves oil and gas producers in the Delaware Basin. The record 150-car unit train carried 16,500 tons (33 million pounds) of frac sand and was powered by five diesel locomotive engines. The unit train originated in [Read more]

EXCO Releases June 30, 2015 Interim Reserve Information

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (the “Company” or “EXCO”) today released interim reserve information, which presents the Company’s estimated proved reserves and the present value of estimated future net revenues as of June 30, 2015 (the “Interim Reserve Update”). The proved reserves and PV-10 data in the Interim Reserve Update were based on June 30, 2015 NYMEX futures prices, in each case adjusted for geographical and historical differentials. The Interim Reserve Update [Read more]

The 12th China International Petroleum Industry Annual Conference

SHANGHAI--(BUSINESS WIRE)--ENMORE (formerly CBI BIZ) will present the 12thChina International Petroleum Industry Annual Conference 2015. Embracing China’s more opened petroleum market 7 independent refineries received crude oil import licenses, with a total import amount of 34,740,000 tons/year. These refineries are Shandong Dongming Petroleum, Panjin Northern Fuel, Shandong Kenli Petrochemical, Lijin Petrochemical, Sinochem Hongrun, Dongying Yatong, and Baota Petrochem. China’s Crude Oil [Read more]

ConocoPhillips Announces Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 74 cents per share, payable Dec. 1, 2015 to stockholders of record at the close of business on Oct. 19, 2015. --- # # # --- About ConocoPhillips ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 25 countries, $32 billion in annualized revenue, $112 billion of total assets, [Read more]

Phillips 66 Announces Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 56 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2015, to shareholders of record as of the close of business on Nov. 13, 2015. About Phillips 66 Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores [Read more]

Enhanced Oil Recovery (EOR) Market to Log 26.7% CAGR to 2023; Europe and RoW Fastest Growing Regions: Transparency Market Research

ALBANY, N.Y.--(BUSINESS WIRE)--Depleting oil reserves make a strong case for the implementation of enhanced oil recovery (EOR) systems, and this will emerge as the strongest growth driver for the global enhanced oil recovery market, says Transparency Market Research. The growing demand for oil in the Asia Pacific region will also stimulate the market. TMR, in its report titled ‘Enhanced Oil Recovery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2023,’ says [Read more]