BOE Report

Husky Energy Deploys Ambyint’s AI Technology across Rainbow Lake Field and Demonstrates Impact That IIoT Can Have on Operational Excellence in Oil & Gas

CALGARY, Alberta--(BUSINESS WIRE)--#AI--Ambyint, the emerging leader in AI-driven artificial lift and production optimization, in conjunction with Spartan Controls, Western Canada’s leading provider of industrial automation, today announced Husky Energy’s commitment to deploy its technology on all its wells in Rainbow Lake. The announcement comes after successful pilot deployments of Ambyint’s IIoT (Industrial Internet of Things) -enabled edge controllers and leading to full field [Read more]

Phillips 66 Partners Announces Expansion Open Season for West Texas Service with the Gray Oak Pipeline

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) announces that Gray Oak Pipeline, LLC (“Gray Oak”) is launching a binding expansion open season to solicit shipper commitments for services from West Texas. The expansion open season will provide an opportunity for interested shippers to secure long-term crude oil transportation with the Gray Oak Pipeline under binding transportation services agreements. The expansion includes new [Read more]

Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System; Phillips 66 Announces Open Season for Cushing Crude Oil Pipeline System

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) and Bridger Pipeline LLC announce a joint open season for the proposed Liberty Pipeline, which will provide shippers the opportunity to secure crude oil transportation service from the Rockies and Bakken production areas to Corpus Christi, Texas. The Liberty Pipeline is expected to have an initial throughput capacity of 350,000 barrels per day (BPD) with the ability to expand further depending on shipper [Read more]

Baker Hughes Announces October 2018 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and up 3 from the 204 counted in October 2017. The average U.S. rig count for October 2018 was 1,062, up 9 from the 1,053 [Read more]

Imperial investment in Aspen project to proceed

$2.6 billion investment to develop 75,000 barrels per day of bitumen production Next-generation technology to improve economics, reduce emissions intensity and water use Mutually beneficial, long-term agreements with seven local Indigenous communities Construction to begin in fourth quarter of 2018; project startup in 2022 CALGARY, Alberta--(BUSINESS WIRE)--Imperial announced today that it has made a final investment decision to develop its Aspen project, located about 45 kilometres [Read more]

Earthstone Energy, Inc. Announces Date of Special Meeting of Stockholders

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone,” the “Company,” “we” or “us”), today announced that a special meeting of stockholders will be held on January 3, 2019 at 9:00 a.m. CST at the offices of the Company, located at 1400 Woodloch Forest Drive, Suite 300, The Woodlands, Texas 77380. The purpose of the meeting will be to consider and act upon the previously announced Contribution Agreement dated October 17, 2018 [Read more]

James Monroe Capital Corporation Initiates Merger with Cardinal Energy Group, Inc. (CEGX)

SALT LAKE CITY--(BUSINESS WIRE)--James Monroe Capital Corporation (OTC:JMON) (the "Company") entered into a Memorandum of Understanding with Cardinal Energy Group, Inc. (CEGX) to initiate a Merger between Cardinal Energy Group, Inc. (CEGX) and the Company. The Chairman and CEO of James Monroe Capital Corporation agreed that it would be in the best interests of the shareholders to merge both companies. About Cardinal Energy Group, [Read more]

Biloxi Marsh Lands Corporation Announces Unaudited Results for the Third Quarter and First Nine Months of 2018 and Provides Update

METAIRIE, La.--(BUSINESS WIRE)--Biloxi Marsh Lands Corporation (PINK SHEETS: BLMC) today announces its unaudited results for the third quarter of 2018 and first nine months of 2018 and provides update. The Company’s revenue for the three months ended September 30, 2018 from oil and gas production for its fee lands was $6,923 compared to revenue of $8,708 for the third quarter of 2017. Meanwhile, dividend and interest income for the third quarter of 2018 [Read more]

Southwestern Energy Announces Extension of Cash Tender Offers and Consent Solicitations for Senior Notes

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced that it has extended the Previous Expiration Date (as defined below) for 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 [Read more]

Imperial earns $749 million in the third quarter of 2018

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO): $1.2 billion cash generated from operations; strong performance across all business lines Record gross production at Kearl of 244,000 barrels per day; 202,000 barrels per day year-to-date Nearly $600 million returned to shareholders through dividends and share purchases Third quarter Nine months millions of Canadian dollars, unless [Read more]