BOE Report

Tall Oak Midstream Closes Two Credit Facilities Totaling $200 Million

OKLAHOMA CITY--(BUSINESS WIRE)--Tall Oak Midstream, LLC (“Tall Oak”) announced today that its subsidiaries, TOMPC, LLC and TOM-STACK, LLC, have each closed a $75 million credit facility with accordion features that allow for expansions to $100 million. Formed in early 2014, Tall Oak is an independent midstream company focused on providing midstream services to oil and gas producers operating in the Mid-Continent. The senior secured facilities bring Tall Oak’s total debt capacity to $200 million. [Read more]

GasLog Partners LP Announces Pricing of its Public Offering of 7,500,000 Common Units

MONACO--(BUSINESS WIRE)--GasLog Partners LP (the “Partnership”) (NYSE:GLOP) today announced that it has priced its public offering of 7,500,000 common units at $23.90 per common unit. The underwriters have a 30-day option to purchase up to 1,125,000 additional common units from the Partnership. The Partnership plans to use the net proceeds from the public offering to fund the previously announced acquisition of 100% of the ownership interests in GAS-nineteen Ltd., Gas-twenty Ltd. and GAS-twenty [Read more]

CorEnergy to Acquire Grand Isle Gathering System for $245 Million

KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) (“CorEnergy or the “Company”) today announced that it has entered into a definitive agreement to acquire 100% of the Grand Isle Gathering System (the “GIGS”), a subsea, midstream pipeline system with related onshore facilities serving oil-producing fields in the shallow portion of the Gulf of Mexico. CorEnergy has agreed to acquire the GIGS from Energy XXI USA, Inc. (“EXXI”) for $245 million in cash. The GIGS [Read more]

GasLog Partners LP Announces Acquisition of Three Vessels from GasLog Ltd. for $483 Million

MONACO--(BUSINESS WIRE)--GasLog Partners LP (NYSE:GLOP) (“GasLog Partners” or the “Partnership”) and GasLog Ltd. (NYSE:GLOG) (“GasLog”) announced today that they have entered into an agreement for the Partnership to purchase from GasLog, the sole member of the Partnership’s general partner, 100% of the shares in the entities that own and charter the Methane Alison Victoria, Methane Shirley Elisabeth and Methane Heather Sally, for an aggregate purchase price of $483 million (the “Acquisition”), [Read more]

FERC Application Filed for Gulf LNG Liquefaction Project near Pascagoula, Mississippi

HOUSTON--(BUSINESS WIRE)--Gulf LNG Liquefaction Company (GLLC) and Gulf LNG Energy (GLE), today collectively filed an application with the Federal Energy Regulatory Commission (FERC) pursuant to Section 3 of the Natural Gas Act, requesting authority to construct and operate new natural gas liquefaction and export facilities at GLE’s existing liquefied natural gas (LNG) regasification terminal located in Jackson County, Mississippi, near Pascagoula. Additionally, pursuant to Section 7(c) of the [Read more]

Enduro Royalty Trust Announces Monthly Cash Distribution

AUSTIN, Texas--(BUSINESS WIRE)--Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.028013 per unit, payable on July 14, 2015 to unitholders of record on June 30, 2015. The distribution primarily represents oil production during the month of March 2015 and natural gas production during February 2015. The following table displays underlying oil and natural gas sales volumes and average prices attributable to [Read more]

Vertex Energy, Inc. Announces $25 Million Private Placement of Convertible Preferred Stock

HOUSTON--(BUSINESS WIRE)--Vertex Energy, Inc., (“Vertex Energy” or “the Company”) (NASDAQ:VTNR), today announced that it has entered into a definitive Securities Purchase Agreement pursuant to which the Company will issue and sell in a private placement to accredited investors (i) convertible preferred stock in an aggregate principal amount of $25.0 million (the “Preferred Stock”), and (ii) warrants for the purchase of 4.0 million shares of the Company’s common stock (the “Warrants”). The net [Read more]

Qingdao McDermott Wuchuan Awarded Module Fabrication Contract for Yamal LNG Project

HOUSTON--(BUSINESS WIRE)--McDermott International, Inc. announced today that its joint venture Qingdao McDermott Wuchuan (QMW) has been awarded a module fabrication contract for Yamal LNG, a liquefied natural gas (LNG) plant being built northeast of the Yamal Peninsula in Russia. The large contract is being performed in the QMW fabrication facility in Qingdao, China and commenced in the second quarter of 2015. The full scope of work includes fabrication, engineering, procurement, construction [Read more]

ExxonMobil Announces Kearl Expansion Project Starts Production Ahead of Schedule

Total Kearl production capacity increases to 220,000 barrels a day Capital-efficient project applies lessons from initial Kearl development Expansion project production ultimately expected to reach 110,000 barrels per day IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that production at its Kearl oil sands expansion project in Alberta, Canada, started ahead of schedule and is expected to double overall capacity to 220,000 barrels of bitumen a [Read more]

Dejour Energy Granted Full NYSE MKT Listing Compliance

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ) (TSX: DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it has received notification on June 1, 2015 from the NYSE MKT (“the Exchange”) that it has regained compliance with Section 1003(a)(iv) of the Exchange’s Company Guide as of the end of the maximum eighteen month cure [Read more]