BOE Report

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]

Concho Resources Inc. Declares Quarterly Dividend

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) announced that its Board of Directors declared a quarterly dividend of $0.125 per share on the Company’s outstanding common stock. The quarterly dividend is payable June 28, 2019, to stockholders of record at the close of business on May 10, 2019. Concho Resources Inc. Concho Resources (NYSE: CXO) is one of the largest unconventional shale [Read more]

ConocoPhillips Reports First-Quarter 2019 Results; Operating Plan Continues to Deliver Strong Free Cash Flow and Returns to Shareholders

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported first-quarter 2019 earnings of $1.8 billion, or $1.60 per share, compared with first-quarter 2018 earnings of $0.9 billion, or $0.75 per share. Excluding special items, first-quarter 2019 adjusted earnings were $1.1 billion, or $1.00 per share, compared with first-quarter 2018 adjusted earnings of $1.1 billion, or $0.96 per share. Special items for the current quarter included an unrealized gain on Cenovus Energy equity, [Read more]

Tellurian Announces Binding Open Seasons for the Haynesville Global Access Pipeline and the Delhi Connector Pipeline

HOUSTON--(BUSINESS WIRE)--Tellurian (NASDAQ: TELL) announced today separate binding open seasons on two proposed pipelines that will connect areas of constrained shale production and debottleneck natural gas pipeline infrastructure, further enabling the rapidly growing industrial market in Southwest Louisiana. Tellurian’s subsidiary Haynesville Global Access Pipeline LLC is seeking to secure prospective shippers for a previously announced [Read more]

Imperial reports voting results for election of directors

CALGARY, Alberta--(BUSINESS WIRE)--Imperial announced at its annual meeting of shareholders held on April 26, 2019, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 14, 2019 were elected as directors. A total of 698,062,619 shares (89.96 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to [Read more]

Hess Corporation Makes Application to Cease to Be a Reporting Issuer in Canada

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) ("Hess") announced today that it has applied to the Ontario Securities Commission (the "OSC") to cease to be a reporting issuer in Ontario (the "Order"). Hess has not been listed on a Canadian stock exchange for twenty years, and is not a reporting issuer in any other Canadian jurisdiction. If the OSC grants the Order, Hess will cease to be a reporting issuer in Canada but will continue to file all financial statements and other [Read more]