BOE Report

Mesa Royalty Trust Announces Trust Income for December 2018

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE:MTR) announced the Trust income distribution for the month of December 2018. Unitholders of record on December 31, 2018 will receive distributions amounting to $0.099978419 per unit payable on January 31, 2019. The Trust received $97,150 and $35,450 from the New Mexico and Colorado portions, respectively, of the San Juan Basin Properties. Royalty income received from the Hugoton Properties totaled [Read more]

EQT Postpones Conference Call to Discuss 2019 Guidance and Updated Analyst Presentation

PITTSBURGH--(BUSINESS WIRE)--EQT Corporation’s (NYSE: EQT) conference call to discuss the company's 2019 capital program and updated analyst presentation that was previously scheduled for December 13, 2018, has been postponed in light of scheduling conflicts resulting from the passing of a family member of EQT’s CEO, Robert McNally. EQT expects to announce a new date and time for the conference call and the announcement of its 2019 capital program in the [Read more]

Energy Transfer LP Launches New Cash Distribution Reinvestment Plan

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that its new distribution reinvestment plan (the “Plan”) is now open for enrollment for owners of its common units. The Plan became effective with ET’s filing of its Form S-3 registration statement with the Securities and Exchange Commission (“SEC”) on December 10, 2018. Highlights of ET’s Plan are: Both unitholders of record and beneficial owners of ET’s [Read more]

ConocoPhillips Announces 2019 Capital Budget and Operating Plan; Recent Oil Price Volatility Highlights Investment Appeal of Company’s Differentiated Value Proposition

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced its 2019 capital expenditure budget and operating plan. The operating plan reflects the company’s ongoing commitment to free cash flow generation, differentiated payout to shareholders and superior financial returns through business cycles. The 2019 operating plan is expected to continue driving underlying improvement in return on capital employed. Key highlights are: Planned 2019 capital expenditures of $6.1 billion [Read more]

Baker Hughes, a GE company Announces November 2018 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for November 2018 was 991, down 26 from the 1,017 counted in October 2018, and up 49 from the 942 counted in November 2017. The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017. The average U.S. rig count for November 2018 was 1,077, up 15 from the [Read more]

Chevron Announces $20 Billion Capital and Exploratory Budget for 2019

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today announced a 2019 organic capital and exploratory spending program of $20 billion. “Our 2019 budget supports a robust portfolio of upstream and downstream investments, highlighted by our world-class Permian Basin position, additional shale and tight development in other basins and our major capital project at TCO in Kazakhstan,” said Chairman and CEO Michael K. Wirth. “Our investments are anchored in high-return [Read more]

Hess Announces Quarterly Cash Dividend on Preferred Stock

NEW YORK--(BUSINESS WIRE)--#dividend--The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on February 1, 2019 to holders of record at the close of business on January 15, 2019. [Read more]

Hess Announces Regular Quarterly Dividend On Common Stock

NEW YORK--(BUSINESS WIRE)--#dividend--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2018 to holders of record at the close of business on December 17, 2018. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information [Read more]

Southwestern Energy Announces Final Results and Expiration of Cash Tender Offers and Consent Solicitations for Senior Notes

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the final results and expiration of its previously announced offers to purchase for cash (collectively, the “Tender Offers” and each a “Tender Offer”) up to a maximum aggregate purchase price (subject to the respective sub-caps and Acceptance Priority Levels as set forth in the table below), excluding accrued interest, equal to $901,728,320 (such [Read more]

NuStar Energy Closes on Sale of Its European Operations to Inter Pipeline

Divestiture Part of NuStar's Comprehensive Plan to Lower Debt and Deliver Strong, Sustainable Distribution Coverage SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has closed on the sale of its European terminals and related assets to Inter Terminals Ltd., which is Inter Pipeline Ltd.’s European storage subsidiary, for $270 million, plus normal closing adjustments. The operations include six liquids storage terminals [Read more]