BOE Report

Baker Hughes Announces May 2019 Rig Counts

The Baker Hughes International Rig Count now includes active drilling rigs in Ukraine HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. The international offshore rig count for May 2019 was 240, down 11 from the 251 counted in April 2019, and up 42 from the 198 counted in May 2018. The [Read more]

Devon Energy Announces Third-Quarter 2019 Cash Dividend for Common Stockholders

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2019. The dividend is payable on Sept. 27, 2019, at a rate of $0.09 per share based on a record date of Sept. 13, 2019. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]

ExxonMobil Progresses Growth Plans and Efforts to Advance Lower-Emissions Technologies

Plans on track to more than double earnings and cash flow generation potential by 2025 Key projects progressing on schedule Work continues on lower-emissions technologies, including biofuels and carbon capture DALLAS--(BUSINESS WIRE)--ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, [Read more]

Devon Energy Announces Strategic Exit of Canadian Business for CAD $3.8 Billion

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds from the sale of Canada will be used for debt reduction. “The sale of Canada is an important step in executing Devon’s [Read more]

Rice Team Urges EQT Shareholders to Vote for Transformational Change on White Universal Proxy Card

EQT Has Squandered Benefits of Rice Energy Acquisition, But Value-Creation Potential Can Still Be Realized Rice Director Nominees Committed to Transforming EQT Into Modern and Efficient Energy Producer Capable of Driving Improved Shareholder Returns CARNEGIE, Pa.--(BUSINESS WIRE)--Toby Z. Rice and Derek A. Rice, shareholders of EQT Corporation (NYSE:EQT), with an approximately 3% ownership interest, today filed a definitive proxy [Read more]

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]