BOE Report

EXCO Resources, Inc. Recesses Annual Meeting until August 7, 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 to provide shareholders additional time to consider the proposals and to ensure the tabulation accuracy associated with the electronic voting process used by EXCO’s tabulator. The Annual Meeting will reconvene at 4 p.m. central time on August 7, 2015, at the corporate office of EXCO, 12377 Merit Drive, First Floor Conference [Read more]

Energy Transfer Equity Reports Second Quarter Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE” or the “Partnership”) today reported financial results for the quarter ended June 30, 2015. Distributable Cash Flow, as adjusted, for the three months ended June 30, 2015 was $335 million compared to $218 million for the three months ended June 30, 2014, an increase of $117 million. Distributable Cash Flow, as adjusted, per unit was $0.31 for the three months ended June 30, 2015, an increase of 55% compared to the three [Read more]

Sunoco Logistics Announces Record Earnings for Second Quarter 2015 and Continued Five Percent Quarter on Quarter Distribution Growth

PHILADELPHIA--(BUSINESS WIRE)--Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced record results for the second quarter 2015. Adjusted EBITDA for the three months ended June 30, 2015 was $326 million, a $46 million increase compared to the second quarter 2014. Net income attributable to partners for the second quarter 2015 was $276 million ($0.83 per limited partner unit diluted), which included a $100 million inventory adjustment resulting from the increase in [Read more]

Clean Energy Reports 74.4 Million Gallons Delivered and Revenue of $86.9 Million for Second Quarter of 2015

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) (Clean Energy or the Company) today announced operating results for the second quarter ended June 30, 2015. Gallons delivered (defined below) for the second quarter of 2015 increased 15% to 74.4 million gallons, compared to 64.8 million gallons delivered in the same period a year ago. Gallons delivered for the six months ended June 30, 2015 increased 21% to 149.6 million gallons, compared to 124.1 million gallons [Read more]

California Resources Corporation Announces Quarterly Dividend

LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced that its Board of Directors has approved a quarterly dividend of 1 cent per share, payable October 15, 2015 to stockholders of record at the close of business on September 10, 2015. The current annualized rate would be $0.04 per share. About California Resources Corporation California Resources Corporation is the largest oil and natural gas exploration and production company in California on a [Read more]

Twin Eagle Names Danny J. Rea as Chief Operating Officer

HOUSTON--(BUSINESS WIRE)--Twin Eagle Resource Management, LLC (“Twin Eagle”), announced today the hiring of Danny J. Rea as its Chief Operating Officer based out of Twin Eagle’s headquarters in Houston. Rea will lead and manage Twin Eagle’s midstream business, including pipelines, truck stations, transport services and crude oil and sand logistic terminals. In addition, engineering, operations, health, safety and environmental functions will report to this position. “We are excited to have [Read more]

Gas Innovations® Leads Charge on Rapidly Emerging Refrigerant Market Growth

HOUSTON--(BUSINESS WIRE)--To support burgeoning hydrocarbon refrigerant markets, Gas Innovations® has expanded its capability to supply refrigerant gases to LNG and FLNG liquefaction plants worldwide. The unprecedented economic success of U.S. shale gas has created seemingly unending ripples for numerous industries – and economies – across the globe. For Gas Innovations, one of only two companies in North America solely focused on purifying and packaging hydrocarbon, specialty gas and welding [Read more]

EnLink Midstream Reports Second Quarter 2015 Results

DALLAS--(BUSINESS WIRE)--The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner), today reported results for the second quarter of 2015. Second Quarter 2015 — EnLink Midstream Partners, LP Financial Results The Partnership realized adjusted EBITDA of $174.9 million and distributable cash flow of $134.1 million in the second quarter of 2015, compared with adjusted EBITDA of $113.2 million and [Read more]

HollyFrontier Corporation Reports Quarterly Net Income and Announces Regular Cash Dividend

DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE:HFC) (“HollyFrontier” or the “Company”) today reported second quarter net income attributable to HollyFrontier stockholders of $360.8 million or $1.88 per diluted share for the quarter ended June 30, 2015, compared to $176.4 million or $0.89 per diluted share for the quarter ended June 30, 2014. Included in the current quarter results was a non-cash inventory valuation adjustment that increased earnings by $82.7 million, after-tax, or [Read more]

Crestwood Midstream Announces Second Quarter 2015 Financial and Operating Results

HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (NYSE:CMLP) (“Crestwood Midstream” or “CMLP”) reported today its financial and operating results for the three months ended June 30, 2015. Second Quarter 2015 Highlights1 Record Adjusted EBITDA of $125.4 million; a 14% increase over $109.7 million in the second quarter 2014 driven by a 23% and 15% decrease in adjusted operating and administrative costs from the fourth quarter 2014 and first quarter 2015, respectively2 Net Loss of $42.2 [Read more]