BOE Report

Seven Generations delivers $1.67 billion of adjusted funds flow, or $4.60 per share, up 36 percent in 2018

Proved plus probable reserves valued at $12.3 billion by independent reserve evaluator as of December 31, 2018 CALGARY, Alberta--(BUSINESS WIRE)--2018 HIGHLIGHTS 2018 adjusted funds flow of $1.67 billion or $4.60 per share, representing a per share increase of 36 percent compared to 2017. 2018 net income of $440 million, $1.21 per share. Operating income of $574 million, $1.58 per share, up 76 percent versus 2017. As of December 31, 2018, 7G’s trailing 12-month return on capital [Read more]

Phillips 66 Partners to Announce First-Quarter Financial Results

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) executive management will host a conference call webcast at 2 p.m. EDT on Tuesday, April 30, to discuss the partnership’s first-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives. To access the webcast, go to the Phillips 66 Partners Events and Presentations site, www.phillips66partners.com/events. A replay of [Read more]

Phillips 66 to Announce First-Quarter Financial Results

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EDT on Tuesday, April 30, to discuss the company’s first-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives. To access the webcast, go to the Phillips 66 Investors site, www.phillips66.com/investors, and click on “Events and Presentations.” A replay of the webcast will be [Read more]

Devon Energy Announces Final Step to Complete Transformation to U.S. Oil Growth Company

Highlights Pursuing separation of its Canadian and Barnett Shale assets Expect to complete separation by end of 2019 Share-repurchase authorization increased to $5 billion Quarterly dividend increased 13 percent Committed to at least $780 million in annual cost reductions OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that the board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to [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 March 29, 2019, to stockholders of record at the close of business on March 1, 2019. About Concho Resources Inc. Concho Resources (NYSE: CXO) is one of the largest unconventional [Read more]

Midstates Petroleum Announces Final Results of Its Tender Offer

TULSA, Okla.--(BUSINESS WIRE)--Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) announced today the final results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock (the “shares”) at a price of $10.00 per share, which expired at 5:00 p.m., New York City time, on Tuesday, February 12, 2019. Midstates has accepted for purchase 5,000,000 shares of its common stock at a purchase price of [Read more]

ConocoPhillips Recommends Rejection of Below-Market Mini-Tender Offer by Baker Mills LLC

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC (Baker Mills) to purchase up to 50,000 shares of ConocoPhillips common stock from the stockholders of ConocoPhillips. The offer represents approximately 0.004 percent of the outstanding shares of ConocoPhillips common stock. The offer price of $55.00 per share is approximately 16.99 percent lower than the [Read more]

Midstates Petroleum Announces Preliminary Results of Its Tender Offer

TULSA, Okla.--(BUSINESS WIRE)--Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) announced today the preliminary results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock (the “shares”) at a price of $10.00 per share, which expired at 5:00 p.m., New York City time, on Tuesday, February 12, 2019. Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the [Read more]

Genesis Energy, L.P. Sets Date for Release of Fourth Quarter Results and Conference Call

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the fourth quarter ended December 31, 2018 on February 20, 2019, before the market opens. Genesis Energy, L.P.’s Fourth Quarter Earnings Conference Call will be held Wednesday, February 20, 2019, at 8:30 a.m. Central time (9:30 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to [Read more]