BOE Report

PIRA Energy Group Releases New Study: The Global Impact of NGL Supply Growth

NEW YORK--(BUSINESS WIRE)--PIRA Energy Group, a leader in global energy market analysis, announced today the official release of its latest industry study, “The Global Impact of NGL Supply Growth: PIRA’s Comprehensive Outlook to 2035.” With the North American shale revolution has come a surge in NGL production. Over the last 10 years, production has grown by nearly 75%, such that United States production is now equivalent to the next four largest producers combined. Substantial growth in ethane [Read more]

Fitch Affirms Murphy Oil's IDR at 'BBB-'; Outlook Remains Stable

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Rating (IDR) for Murphy Oil Corporation (NYSE: MUR) at 'BBB-'. The Rating Outlook remains Stable. Fitch affirms the following ratings: Murphy Oil Corporation: --Issuer Default Rating (IDR) at 'BBB-'; --Senior unsecured notes at 'BBB-'; --Senior unsecured revolver at 'BBB-'. Approximately $3.28 billion in balance sheet debt including capitalized leases is affected by today's rating action. KEY RATING DRIVERS MUR's ratings are [Read more]

Oceana Applauds Shell’s Decision to Abandon Arctic Ocean Drilling

JUNEAU, Alaska--(BUSINESS WIRE)--Today, Shell Oil announced it will cease further exploration for oil in the Arctic Ocean after coming up dry at the Burger prospect in the U.S. Chukchi Sea. The company’s efforts have cost it billions of dollars and created significant controversy. Shell’s last efforts to operate in the Arctic in 2012 led to a series of mishaps, fines, government investigations, and, most famously, the grounding of the drill rig Kulluk. In response to the announcement, Oceana’s [Read more]

Energen to Participate in Deutsche Bank Energy One-on-One Corporate Days

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Energen Corporation (NYSE: EGN) senior managers will meet with members of the investment community at the Deutsche Bank Energy One-on-One Corporate Days in Boston on September 29-30, 2015. Associated meeting materials will be available for viewing on Energen’s home page, http://www.energen.com, beginning Tuesday, September 29, at 1:00 p.m. ET. Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. At [Read more]

Preferred Sands Launches FloPRO PTT™ to Maximize Proppant Distribution and Increase Production

RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands, one of North America’s leading proppant technology companies, today announced the expansion of its MultiPRO™ proppant line with the launch of FloPRO PTT™ (FloPRO™), a proppant transport technology designed to provide superior proppant distribution and increased production. Preferred will introduce this innovative proppant transport technology at the Society of Petroleum Engineers Annual Technical Conference and Exhibition from September 28-30, 2015 [Read more]

FTTN: Highly Anticipated Quarter to Set Up Future Acquisitions and Revenue Growth

LAS VEGAS--(BUSINESS WIRE)--With the final calendar quarter of the year approaching, First Titan Corp. (OTCBB: FTTN) said it expects to finish 2015 on a high note as it reviews its aggressive business strategy and sets its sights on 2016. The company continues to focus on finding additional oil and gas producing properties to acquire or invest in as well as expanding into additional promising energy markets. “Our far-reaching plan is steadily coming together,” said FTTN CEO Sydney Jim. “Our [Read more]

Energy Transfer Equity to Combine with Williams

DALLAS & TULSA, Okla.--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE”) and The Williams Companies, Inc. (NYSE:WMB) (“Williams” or “WMB”) today announced a business combination transaction valued at approximately $37.7 billion, including the assumption of debt and other liabilities. This announcement follows the termination of the previously agreed merger agreement between WMB and Williams Partners L.P. (“WPZ”). The business combination between ETE and WMB was approved by the [Read more]

Halliburton and Baker Hughes Announce Additional Divestiture Proposals

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. Pursuant to the Merger Agreement, and in order to permit completion of Halliburton’s acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton’s expandable liner hangers business, which is part of the [Read more]

Forestar Announces CEO Transition, Management Promotions and Board Retirements

AUSTIN, Texas--(BUSINESS WIRE)--Forestar Group Inc. (NYSE: FOR) today announced that James M. DeCosmo, President and Chief Executive Officer, stepped down September 25, 2015. The Board of Directors has named Phillip J. Weber, Chairman of the company’s Real Estate Investment Committee and formerly Executive Vice President – Water Resources, as Chief Executive Officer. Prior to joining Forestar, Mr. Weber served in key executive positions at the Federal National Mortgage Association (Fannie Mae) [Read more]

Concho Resources Inc. Schedules Third Quarter 2015 Conference Call for Thursday, November 5, 2015

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) will host a conference call on Thursday, November 5, 2015, at 8:30 AM CT (9:30 AM ET) to discuss third quarter 2015 financial and operating results. The Company plans to announce third quarter 2015 results on Wednesday, November 4, 2015, after close of trading. Conference Call Information: Dial-in: (855) 445-9894Intl. dial-in: (330) 863-3281Participant Passcode: 50093034 To access the live webcast, visit [Read more]