BOE Report

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]

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]