BOE Report

Imperial to hold 2024 Third Quarter Earnings Call

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2024 Third Quarter Earnings Call on Friday, November 1, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.20 During the call, Mr. Corson will offer brief remarks prior to taking questions from [Read more]

SLB announces definitive agreement to sell its interests in Palliser Block

HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close late in the fourth quarter of [Read more]

STEP Energy Services Ltd. to Announce Third Quarter 2024 Results and Host Conference Call

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP”) (TSX: STEP) intends to release its 2024 third quarter results on Wednesday, November 13, 2024 after markets close. Financial Statements and Management's Discussion and Analysis will be posted to STEP’s website and SEDAR after the press release is disseminated. STEP will host a conference call on Thursday, November 14, 2024 at 9:00 a.m. MT. To listen to the webcast of the conference call, please click on the following: [Read more]

Pembina Pipeline Corporation Announces Pembina Gas Infrastructure’s Agreement to Acquire Midstream Assets From Veren Inc.

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"). For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation [Read more]

ConocoPhillips appoints Nelda J. Connors to its Board of Directors

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member. Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component. Prior to founding Pine Grove [Read more]

Imperial announces second quarter 2024 financial and operating results

Quarterly net income of $1,133 million Cash flows from operating activities of $1,629 million and cash flows from operating activities excluding working capital1 of $1,508 million Upstream production of 404,000 gross oil-equivalent barrels per day, highest second quarter in over 30 years when adjusted for divestment of XTO Energy Canada Matched highest-ever second quarter production at Kearl of 255,000 total gross oil-equivalent barrels per day (181,000 barrels Imperial’s share) [Read more]

ConocoPhillips announces second-quarter 2024 results, quarterly dividend and VROC

Reported second-quarter 2024 earnings per share and adjusted earnings per share of $1.98. Generated cash provided by operating activities of $4.9 billion and cash from operations (CFO) of $5.1 billion. Declared ordinary dividend of $0.58 per share and variable return of cash (VROC) of $0.20 per share payable in the third quarter. HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported second-quarter 2024 earnings and adjusted earnings of $2.3 billion, or $1.98 per share, [Read more]

Post Oak Minerals Acquires $475 Million of Permian Basin Focused Minerals & Royalties

HOUSTON--(BUSINESS WIRE)--Post Oak Minerals V, LLC (“POM V”), an affiliate of Post Oak Energy Capital, LP (“Post Oak”), today announced that it has completed 10 acquisitions with a total value of over $475 million since the beginning of 2024, primarily in the Permian Basin. The acquired assets include over 28,400 net royalty acres (“NRA”) of mineral & royalty interests, with 27,400 NRA located in the Permian Basin and the remaining NRA located in the Eagle Ford and Haynesville shale [Read more]

Permian Resources Announces Strategic Bolt-On Acquisition of Core Delaware Basin Assets

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has entered into a definitive agreement with Occidental (NYSE: OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company’s existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with [Read more]

NOG Announces Second Joint Acquisition with Vital Energy in the Delaware Basin

HIGHLIGHTS   Joint acquisition with Vital Energy, Inc. (“Vital”) of certain assets (the “Point Assets”) of Point Energy Partners, LLC (“Point”), a Vortus Investments company (“Vortus”) for $1.1 billion NOG purchasing a 20% undivided stake in the Point Assets (the “Acquired Assets”) for $220 million in cash (all numbers below are net to NOG) The Acquired Assets include >4,500 Boe per day (2-stream, excluding NGLs, >75% oil) of recent production and ~4,000 net leasehold [Read more]