BOE Report

Genesis Energy, L.P. Declares Quarterly Distribution

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on January 9, 2019, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended December 31, 2018. These distributions will be paid on February 14, 2019 to holders of record at the close of business on January 31, 2019. Each holder of common units will [Read more]

Energy Transfer Operating, L.P. Announces Pricing of $4.0 Billion of Senior Notes

DALLAS--(BUSINESS WIRE)--Energy Transfer Operating, L.P. (formerly, Energy Transfer Partners, L.P., and a subsidiary of Energy Transfer LP) (“ETO”) today announced the pricing of its $750 million aggregate principal amount of 4.500% senior notes due 2024, $1.5 billion aggregate principal amount of 5.250% senior notes due 2029 and $1.75 billion aggregate principal amount of 6.250% senior notes due 2049 at a price to the public of 99.646%, 99.789% and [Read more]

Hess Midstream Partners LP Schedules Earnings Release Conference Call

HOUSTON--(BUSINESS WIRE)--lt;a href="https://twitter.com/search?q=%24HESM&src=ctag" target="_blank"gt;$HESMlt;/agt;--Hess Midstream Partners LP (NYSE:HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 30, 2019 at 12:00 p.m. Eastern Time to discuss its fourth quarter 2018 earnings release. To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode [Read more]

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2018. PAA announced a quarterly cash distribution of $0.30 per common unit ($1.20 per unit on an annualized basis), which is unchanged from the distribution paid in November 2018. PAGP announced a corresponding quarterly cash distribution of $0.30 [Read more]

Baker Hughes, a GE company Announces December 2018 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for December 2018 was 1,025, up 34 from the 991 counted in November 2018, and up 71 from the 954 counted in December 2017. The international offshore rig count for December 2018 was 234, up 28 from the 206 counted in November 2018, and up 43 from the 191 counted in December 2017. The average U.S. rig count for December 2018 was 1,078, up 1 from the 1,077 [Read more]

Hess Announces Conversion Date for Mandatory Convertible Preferred Stock

NEW YORK--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/exploration?src=hash" target="_blank"gt;#explorationlt;/agt;--Hess Corporation (NYSE:HES) today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock (the “Preferred Stock”) and related depositary shares, each representing 1/20th interest in a share of Preferred Stock, are expected to automatically convert into shares of the Company’s common stock on January 31, 2019. The [Read more]

SandRidge Permian Trust Announces Planned Increase in Existing Cash Reserve

HOUSTON--(BUSINESS WIRE)--SANDRIDGE PERMIAN TRUST (NYSE: PER) (the “Trust”) today announced that its trustee, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), has determined to gradually increase the Trustee’s existing cash reserve for the payment of future expenses and liabilities of the Trust, as permitted by the trust agreement. Commencing with the distribution to unitholders payable in the first quarter of 2019, the Trustee [Read more]

San Mateo Midstream, LLC Announces Completion of Crude Oil Pipeline System in New Mexico

DALLAS--(BUSINESS WIRE)--San Mateo Midstream, LLC (“San Mateo”) today announced that its wholly-owned subsidiary, San Mateo Black River Oil Pipeline, LLC, has placed into service its crude oil gathering and transportation system in Eddy County, New Mexico (the “Rustler Breaks Pipeline System”) following a successful open season to gauge shipper interest in committed crude oil interstate transportation service on the Rustler Breaks Pipeline System earlier [Read more]

Matador Resources Company Announces Completion of Crude Oil Pipeline System in New Mexico by San Mateo Midstream, LLC

DALLAS--(BUSINESS WIRE)--Matador Resources Company (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of its midstream joint venture, San Mateo Midstream, LLC (“San Mateo”), has placed into service its crude oil gathering and transportation system in the Rustler Breaks asset area in Eddy County, New Mexico (the “Rustler Breaks Pipeline System”) following a successful open season to gauge shipper interest in committed crude oil [Read more]

Matador Resources Company Announces Extension of Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that it has extended its offer (the “Exchange Offer”) to exchange up to $1.05 billion of its outstanding 5.875% Senior Notes due 2026, which were privately placed on August 21, 2018 and October 4, 2018 (the “Notes”), for a like principal amount of 5.875% Senior Notes due 2026 that have been registered under the Securities Act of 1933, as amended [Read more]