BOE Report

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]

Atmos Energy Corporation Prices Common Stock Offering of 7,008,087 Shares

DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) announced today that it has priced its public offering of 7,008,087 shares of its common stock at a public offering price of $92.75 per share. Of the 7,008,087 shares of Atmos Energy common stock being offered, Atmos Energy is selling 5,390,836 shares to the underwriters in the offering, and the forward counterparties (as defined below) are borrowing and selling to such underwriters 1,617,251 [Read more]

Devon Energy Announces First-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 first quarter of 2019. The dividend is payable on March 29, 2019, at a rate of $0.08 per share based on a record date of March 15, 2019. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]

Tallgrass Energy Announces Binding Agreement on Seahorse Pipeline, Joint Tariff Open Season and Plaquemines Liquids Terminal Milestone

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy, LP (NYSE: TGE) (“Tallgrass”) today announced it has signed a binding agreement with an unaffiliated third-party that has the potential to be an anchor shipper and equity partner in Tallgrass’ proposed Seahorse Pipeline, a crude oil pipeline that would run from Cushing, Okla., to both the St. James, La., refining complex and Tallgrass’ planned Plaquemines Liquids Terminal (“PLT”) in Louisiana. [Read more]

Cation Capital Comments on Crescent Point’s Urgent Need for New Leadership to Unlock Billions of Stranded Value

Entrenched, Self-Interested Board Has Overseen Decline of Share Price to its Lowest to Date Cation Calls for Company to Install New Independent Leadership to Initiate Formal Value Maximization Process Cation Committed to Holding the Board and Management Accountable for the Company’s Continued Value Destruction CALGARY, Alberta--(BUSINESS WIRE)--$CPG #CPG--Cation Capital Inc. (together with its affiliates and associates, “Cation Capital” or “Cation”), a private investment firm that continues [Read more]

Midstates Petroleum Announces Second Amendment to Senior Secured Credit Agreement

TULSA, Okla.--(BUSINESS WIRE)--Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) today announced that the Company has amended its Senior Secured Credit Agreement effective November 16, 2018. This amendment improves the Company’s financial flexibility by removing certain restrictions for cash payments pertaining to share repurchases and dividends. The amendment imposes a minimum liquidity requirement of $50 million and states [Read more]

Eagle LNG Receives Positive Review In Draft Environmental Impact Statement

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Eagle LNG Partners (“Eagle LNG”) meets a major milestone for their Jacksonville Export Project. The United States Federal Energy Regulatory Commission (FERC) granted the company their draft environmental impact statement (DEIS). The draft EIS puts Eagle LNG on a clear path to FID on the Jacksonville Export Project and continues Eagle LNG’s success in using small-scale LNG to supply bunkering to the marine industry and to [Read more]

Matador Resources Company Commences Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) is offering 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 (the “Securities Act”). The exchange notes are being [Read more]

Falling U.S. Petroleum Imports Because of Shale Boom Lowered the U.S. Merchandise Trade Deficit by $250 Billion From What It Would Have Been Otherwise

United States is now on track to become a net exporter of petroleum for the first time since at least 1949 with additional trade deficit gains expected WASHINGTON--(BUSINESS WIRE)--The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country’s net petroleum imports, a new report by business information provider IHS Markit (Nasdaq: [Read more]