BOE Report

Occidental to Acquire Anadarko

Creates a $100+ Billion Global Energy Leader with 1.3 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko ShareholdersExpected to Be Accretive to Cash Flow and Free Cash Flow Year-One, and Deliver $3.5 Billion of Free Cash Flow Improvement through $2.0 Billion of Annual Cost Synergies and $1.5 Billion of Annual Capital ReductionsHOUSTON--(BUSINESS WIRE)--Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) today entered into a [Read more]

Chevron Will Not Increase Offer to Acquire Anadarko

Demonstrates Capital Discipline Will receive $1 billion cash termination fee Increasing share repurchase rate by 25 percent to $5 billion per year Committed to its advantaged portfolio and long-term value proposition SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that, under the terms of its previously announced Merger Agreement with Anadarko Petroleum Corporation (NYSE: APC), it will not make a counterproposal and will allow the four-day [Read more]

Approach Resources Inc. Schedules First Quarter 2019 Earnings Call

FORT WORTH, Texas--(BUSINESS WIRE)--Approach Resources Inc. (“Approach” or the “Company”) (NASDAQ: AREX), today announced plans to host a conference call on Friday, May 10, 2019 at 10:00 AM CT (11:00 ET) to discuss first quarter 2019 operational and financial results. Those wishing to listen to the conference call, may do so by visiting the Events and Presentations page under the Investor Relations section of the Company’s website at [Read more]

Atmos Energy Declares Regular Quarterly Dividend

DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) said today that its Board of Directors declared a quarterly dividend on the company’s common stock of 52.5 cents per share. The indicated annual dividend is $2.10. The dividend will be paid on June 10, 2019, to shareholders of record on May 28, 2019. This is the company’s 142nd consecutive quarterly dividend. Atmos Energy Corporation, headquartered in Dallas, is the country's [Read more]

Baker Hughes Announces April 2019 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was 251, up 4 from the 247 counted in March 2019, and up 57 from the 194 counted in April 2018. The average U.S. rig count for April 2019 was 1,012, down 11 from the 1,023 counted in March [Read more]

Seven Generations Energy Delivers $339 Million of Adjusted Funds Flow or $0.95 Per Share

Strong liquids production, improving regional condensate pricing and reduced operating costs contribute to expected free cash flow generation in 2019 CALGARY, Alberta--(BUSINESS WIRE)--FIRST QUARTER 2019 HIGHLIGHTS 7G’s market access initiatives, coupled with a stronger condensate price environment and improved operating costs, led to adjusted funds flow of $339 million or $0.95 per share and yielded an operating netback of $21.99 per boe, 16 percent higher than the fourth quarter of [Read more]

Seven Generations Reports Director Election Voting Results

CALGARY, Alberta--(BUSINESS WIRE)--Seven Generations Energy Ltd. (TSX:VII) reports director election voting results from its annual meeting of shareholders held on May 1, 2019 (the “Meeting”), as set forth in the table below. All of the proposed nominees were elected to serve as directors until the next annual meeting of shareholders, or until their successors are duly elected or appointed. As previously announced, founding Chair Kent Jespersen [Read more]

Costs of Canadian Oil Sands Projects Fell Dramatically in Recent Years; But Pipeline Constraints and other Factors Will Moderate Future Production Growth, IHS Markit Analysis Says

WASHINGTON--(BUSINESS WIRE)--The cost of building and operating oil sands projects has fallen dramatically in recent years and total oil production is expected to rise by another 1 million barrels per day (mbd) by 2030. But external factors—such as price uncertainty caused by pipeline constraints—are contributing to a more moderate pace of production growth than in years past, a new report by business information provider IHS Markit (Nasdaq: INFO). The report, entitled Four Years of Change, [Read more]

ConocoPhillips Announces Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 30.5 cents per share, payable June 3, 2019, to stockholders of record at the close of business on May 13, 2019. --- # # # --- About ConocoPhillips ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in [Read more]

Devon Energy Reports First-Quarter 2019 Results

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the first quarter of 2019. The company’s earnings release, supplemental financial tables and related operations report can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These materials will also be available on the Securities and Exchange Commission's website. The company’s [Read more]