BOE Report

Concho Resources Inc. Announces Upsizing and Pricing of Common Stock Offering

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) today announced that it has priced an upsized public offering of 7,700,000 shares of its common stock for total gross proceeds (before underwriters’ fees and estimated expenses) of approximately $712 million. The underwriters have an option for 30 days to purchase up to an additional 1,155,000 shares of common stock from the Company. Proceeds from the offering are expected to be used to repay all outstanding [Read more]

SM Energy Declares Semi-Annual Cash Dividend

DENVER--(BUSINESS WIRE)--SM Energy Company (NYSE: SM) today announces that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on November 4, 2015, to stockholders of record as of the close of business on October 23, 2015. The Company currently has approximately 68 million shares of common stock outstanding. The Company has paid cash dividends to its stockholders every year since 1940. The Board of Directors [Read more]

TEL Offshore Trust Announces There Will Be No Third Quarter 2015 Distribution

AUSTIN, Texas--(BUSINESS WIRE)--TEL OFFSHORE TRUST (the “Trust”) announced that there will be no trust distribution for the third quarter of 2015 for unitholders of record on September 30, 2015. The Trust has not been able to make a distribution to unitholders for twenty-seven consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust’s third quarter of 2015 reflects financial and operating information with respect to the royalty [Read more]

PBF Energy to Purchase the Torrance Refinery and Related Logistics Assets and Announces Senior Management Changes

PARSIPPANY, N.J.--(BUSINESS WIRE)--PBF Energy Inc. (NYSE:PBF) announced today that its subsidiary has signed a definitive agreement to purchase the 155,000 barrel-per-day Torrance refinery, and related logistics assets, from ExxonMobil. With the acquisition, PBF will increase its total throughput capacity to approximately 900,000 barrels per day. The purchase price for the assets is $537.5 million, plus working capital to be valued at closing. PBF expects to finance the transaction with a [Read more]

Seacrest anuncia inversión en OKEA AS, una nueva compañía de desarrollo especializado y producción de Noruega

HAMILTON, Bermuda--(BUSINESS WIRE)--La firma mundial de inversiones Seacrest Capital Group (“Seacrest”) anunció hoy que se han asociado con OKEA AS, una nueva empresa de desarrollo y producción de petróleo y gas con sede central en Trondheim, Noruega. OKEA se dedicará a explotar los yacimientos de gas y petróleo descubiertos en la plataforma continental noruega para crear una compañía noruega de petróleo y gas especializada en el desarrollo y la producción de materiales. En una primera fase, [Read more]

Jordan Cove LNG and Pacific Connector Gas Pipeline Receive Final Environmental Impact Statement

CALGARY, Alberta--(BUSINESS WIRE)--Jordan Cove Energy Project L.P. (“Jordan Cove LNG”) announced today that the Federal Energy Regulatory Commission (“FERC”) in the United States has issued a final Environmental Impact Statement (“EIS”) for Jordan Cove LNG and Pacific Connector Gas Pipeline (“Pacific Connector”). Jordan Cove LNG and Pacific Connector formally filed applications with the FERC for approval to construct a liquefied natural gas (“LNG”) export terminal at Coos Bay, Oregon and a [Read more]

Oryx Midstream Services, LLC Launches Binding Open Season for Oryx Trans Permian Pipeline System to Serve Southern Delaware Basin

MIDLAND, Texas--(BUSINESS WIRE)--Oryx Midstream Services, LLC announced today that one of its operating subsidiaries, Oryx Southern Delaware Oil Gathering and Transport LLC (collectively, “Oryx”), has launched a binding open season to obtain volume commitments and/or acreage dedications to support the development of the Oryx Trans Permian pipeline system (“OTP”), a new crude oil gathering and transportation system to serve the liquids-rich southern Delaware Basin in Texas. The binding open [Read more]

Seacrest anuncia investimento na OKEA AS, uma nova empresa centrada em desenvolvimento e produção na Noruega

HAMILTON, Bermudas--(BUSINESS WIRE)--A empresa global de investimentos Seacrest Capital Group ("Seacrest") anunciou hoje que firmou uma parceria com OKEA AS, uma nova empresa de desenvolvimento e produção de petróleo com sede em Trondheim, na Noruega. OKEA irá se dedicar ao desenvolvimento de campos de petróleo e gás descobertos na plataforma continental da Noruega para criar uma empresa norueguesa de petróleo e gás especializada no desenvolvimento e produção material. A Seacrest irá investir [Read more]

Seacrest Announces Investment in OKEA AS, a New Norway Focused Development and Production Company

HAMILTON, Bermuda--(BUSINESS WIRE)--Global investment firm Seacrest Capital Group (“Seacrest”) today announced that they have partnered with OKEA AS, a new oil and gas development and production company that is headquartered in Trondheim, Norway. OKEA will focus on developing discovered oil and gas fields on the Norwegian continental shelf to create a material development and production focussed Norwegian oil and gas company. Seacrest will initially invest up to $200m in OKEA. OKEA is led by [Read more]

Phillips 66 Partners to Announce Third-Quarter Financial Results

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) will release its third-quarter 2015 financial results Friday, Oct. 30, at 7:45 a.m. EDT. Later that day, Phillips 66 Partners executive management will host a conference call webcast at 2 p.m. EDT to discuss the partnership’s third-quarter performance and provide an update on strategic initiatives. To access the webcast, go to the Phillips 66 Partners Events & Presentations site, www.phillips66partners.com/events. A replay of the [Read more]