BOE Report

Jacobs Receives Contract for ExxonMobil

PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was selected by ExxonMobil to perform engineering, procurement and construction management (EPCM) services for its Crude Flexibility Engineering and Construction Project at the ExxonMobil Refinery in Beaumont, Texas. Company officials did not disclose the contract value, but noted that this project is a release against an existing long-term agreement. The project aims to expand crude oil throughput [Read more]

CorEnergy Releases Second Quarter 2015 Results

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) (“CorEnergy” or the “Company”) today announced financial results for the quarter ended June 30, 2015. Second Quarter Highlights and Subsequent Events Acquired Grand Isle Gathering System (GIGS) for total consideration of $259 million, diversifying portfolio of energy infrastructure Announced intention to increase common stock dividend 11.1% to $0.15 per share quarterly ($0.60 annualized) Expanded [Read more]

American Midstream Announces Drop-down Plan from ArcLight Capital Partners

DENVER--(BUSINESS WIRE)--American Midstream Partners, LP (NYSE:AMID) (“Partnership”) today announced the intention of an affiliate of ArcLight Capital Partners, LLC (“ArcLight”), which controls the general partner of the Partnership, to drop down 25 percent of ArcLight’s 51.7 percent controlling interest in Delta House, a fee-based, semi-submersible floating production system (FPS) and associated oil and gas export pipelines in the deepwater Gulf of Mexico. Delta House was financed in [Read more]

McDermott Reports Second Quarter 2015 Financial and Operational Results

HOUSTON--(BUSINESS WIRE)--McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today announced financial and operational results for the quarter ended June 30, 2015. The Company reported second quarter 2015 net income of $11.5 million, or $0.04 per fully diluted share compared to a net loss of $7.4 million, or $0.03 per diluted share, in the prior-year quarter. Net of restructuring charges and one-time losses on the impairment and disposal of assets, the second quarter income [Read more]

Clayton Williams Energy to Present at Enercom’s The Oil & Gas Conference

MIDLAND, Texas--(BUSINESS WIRE)--Clayton Williams Energy, Inc. (NYSE:CWEI) today announced that it will present at Enercom’s The Oil & Gas Conference. The presentation is scheduled for Monday, August 17, 2015 at 1:30 pm MT at The Westin Denver Downtown, 1672 Lawrence Street, Denver, Colorado. The presentation and webcast will be available on the Company’s website at www.claytonwilliams.com and on The Oil & Gas Conference 19 website at http://www.theoilandgasconference.com. Clayton Williams [Read more]

Acacia Subsidiary Collaborates with Packers Plus for the Licensing of Multi-Zonal Completion Technology

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Packers Plus Energy Services Inc., an innovative oilfield service provider, in conjunction with a subsidiary of Acacia Research Corporation (NASDAQ: ACTG), the leader in patent licensing, announced their collaboration on the licensing of a set of fundamental patents related to multi-zonal completion of horizontal wells including ball-drop, sliding sleeve and packer technology for use in the hydraulic fracturing of both tight and conventional oil and gas [Read more]

RES Supplies Multiple Wetland Offsets for First Permitted LNG Export Facility

HOUSTON--(BUSINESS WIRE)--Cheniere Energy is now in process of constructing their Sabine Pass Liquefaction LNG export facility, the first approved LNG export facility in the continental United States and one of the largest single industrial investments in the nation’s history. Located along Sabine Pass in Cameron Parish, Louisiana, SPL is developing six LNG liquefaction trains to export natural gas to waiting clients worldwide. This project required permit approval from the Federal Energy [Read more]

Kinder Morgan Continues to Expand Its Growing Product Tanker Fleet for the Jones Act Trade

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it is expanding its growing fleet of Jones Act product tankers and has signed a definitive agreement valued at an all-in price of $568 million with Philly Tankers LLC to take assignment of contracts for the construction of four, new 50,000-deadweight-ton, Tier II tankers to be constructed at the Aker Philadelphia Shipyard in Philadelphia, Pennsylvania. The transaction requires approval of shareholders holding 80 percent of [Read more]

EXCO Recesses Annual Meeting until August 11, 2015

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that its 2015 Annual Meeting of Shareholders (the “Annual Meeting”) has been recessed and will reconvene at 4 p.m., central time, on August 11, 2015, at the corporate office of EXCO, 12377 Merit Drive, First Floor Conference Center, Dallas, Texas. EXCO’s Board of Directors (the “Board”) continues to recommend that all EXCO shareholders approve each proposal presented at the Annual Meeting, and the Board remains [Read more]

Biloxi Marsh Lands Corporation Announces Unaudited Results for the Second Quarter and first Six Months of 2015 and provides update

METAIRIE, La.--(BUSINESS WIRE)--Biloxi Marsh Lands Corporation (PINK SHEETS: BLMC) today announces its unaudited results for the second quarter of 2015 and first six months of 2015 and provides update. The Company’s revenue for the three months ended June 30, 2015 from oil and gas production for its fee lands was $60,736 compared to revenue of $112,792 for the second quarter of 2014. For the first six months of 2015, revenue generated from the Company’s fee lands decreased to $141,799 from [Read more]