LOS ANGELES--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) announced today that a fund managed by its Ares EIF Group has entered into a definitive agreement with WPX Energy (NYSE: WPX) to acquire the Van Hook Gathering System in North Dakota in a transaction valued at $185 million. While the transaction is subject to customary conditions, it is expected to close during the fourth quarter. The acquisition consists of pipeline systems that currently gather approximately 11,000 barrels of [Read more]

HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE: NOV) announced today that Jose A. Bayardo has been named Senior Vice President and Chief Financial Officer of National Oilwell Varco, effective August 28, 2015. Mr. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer. Prior to joining National Oilwell Varco, Mr. Bayardo, age 43, served as Senior Vice President, Resource and Business Development at Continental Resources, Inc. Prior to Continental, Mr. Bayardo spent nine [Read more]

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) announced today that its board of directors declared a cash dividend of $0.04 per share on Pioneer’s outstanding common stock. The dividend is payable October 9, 2015, to stockholders of record at the close of business on September 30, 2015. Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s [Read more]

AUSTIN, Texas--(BUSINESS WIRE)--Whiting USA Trust I (OTC Pink: WHXT) announced it determined today that there will be a payment made to unitholders for the “true-up” to the final distribution, which relates to net proceeds generated from January 1, 2015 through the net profits interest termination date of January 28, 2015 (the “final distribution period”). As discussed in the March 10, 2015 press release, the Trust preliminarily determined that there would be no final distribution to unitholders [Read more]

LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners LP (NASDAQ:BBEP) announced today a cash distribution of $0.04166 per common unit for the third month attributable to the second quarter of 2015, payable on September 11, 2015, to record holders of its common units at the close of business on September 8, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. Breitburn also announced today distributions for its 8.25% Series A Cumulative [Read more]

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE: WPX) is scheduled to present at Barclays Capital CEO Energy-Power Conference on Wednesday, Sept. 9, at approximately 4:25 p.m. Eastern. Please visit www.wpxenergy.com on the day of the event to confirm the speaking time, to listen to the webcast and to view the company’s presentation slides. WPX’s presentation will be delivered by Clay Gaspar, senior vice president of operations and resource development. About WPX Energy, Inc. WPX is a domestic [Read more]