BOE Report

Imperial committed to long-term shareholder value

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 807,823,922 outstanding common shares as of June 13, 2018, or a maximum of 40,391,196 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corporation (ExxonMobil), Imperial’s majority shareholder, as described [Read more]

EQT Midstream Partners Announces Pricing of Senior Notes

PITTSBURGH--(BUSINESS WIRE)--EQT Midstream Partners, LP (NYSE: EQM) (Partnership) announced today that it has priced an offering of $1.1 billion in aggregate principal amount of its 4.75% senior notes due 2023, $850 million in aggregate principal amount of its 5.5% senior notes due 2028, and $550 million in aggregate principal amount of its 6.5% senior notes due 2048, at prices to the public of 99.761%, 99.538%, 99.055% of their face value, respectively. [Read more]

EQT Midstream Partners Announces Offering of Senior Notes

PITTSBURGH--(BUSINESS WIRE)--EQT Midstream Partners, LP (NYSE: EQM) (Partnership) today announced its intent to offer, subject to market conditions, three new series of senior unsecured notes (collectively, Notes), in an underwritten public offering, each in an aggregate principal amount to be determined at pricing. Each series of the Notes will be issued pursuant to a new supplemental indenture to the Partnership’s existing base indenture. The [Read more]

Occidental Petroleum and White Energy to Study Feasibility of Capturing CO2 for Use in Enhanced Oil Recovery Operations

HOUSTON & PLANO, Texas--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) and White Energy announced today that they have agreed to evaluate the economic feasibility of a carbon capture, utilization and storage project. The project would capture carbon dioxide (CO2) at White Energy’s ethanol facilities in Hereford and Plainview, Texas, and transport it to the Permian Basin, where Occidental would use it in its enhanced oil recovery [Read more]

Mesa Royalty Trust Announces Trust Income for June 2018

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE: MTR) announced the Trust income distribution for the month of June 2018. Unitholders of record on June 29, 2018 will receive distributions amounting to $0.078482303 per unit payable on July 31, 2018. The Trust received $97,150 and $50,155 from the New Mexico and Colorado portions, respectively, of the San Juan Basin Properties. Royalty income received from the Hugoton Properties totaled $0. [Read more]

Concho Resources Inc. Announces Pricing of Senior Unsecured Notes

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has priced an offering of a total of $1,600 million aggregate principal amount of senior unsecured notes, consisting of $1,000 million aggregate principal amount of senior unsecured notes due 2028 (the “2028 notes”) and $600 million aggregate principal amount of senior unsecured notes due 2048 (the “2048 notes” and collectively with the [Read more]

Concho Resources Inc. Announces Proposed Offering of Senior Unsecured Notes

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it intends, subject to market conditions, to publicly offer two new series of its senior unsecured notes, one of which will mature in 2028 (the “2028 notes”) and the other in 2048 (the “2048 notes” and collectively with the 2028 notes, the “notes”). The 2028 notes and the 2048 notes will be issued pursuant to new supplemental indentures to [Read more]

Iron Bridge Recommends Shareholders REJECT Velvet Energy’s Hostile Offer

Velvet’s Predatory Offer Significantly Undervalues Iron Bridge Shareholders’ Investment Offer Transfers Substantial Upside from Gold Creek Oil-Rich Montney Play to Velvet, at the Expense of Iron Bridge Shareholders Iron Bridge’s Growth Outlook is Strong, Its Asset is Highly Economic, It has Access to Capital and It is Stewarded by an Experienced Management Team to Execute on Value Creation White Knight and Strategic Capital Partners Are Already Emerging; a Superior Alternative Could [Read more]

WPX Energy Executives to Speak at June Conferences

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE:WPX) President and Chief Operating Officer Clay Gaspar is scheduled to speak at the 2018 J.P. Morgan Energy Conference on Monday, June 18, at 3:20 p.m. Eastern. Please visit www.wpxenergy.com on the day of the event to confirm the time, see the slides and listen to Gaspar’s presentation. Alan Killion, WPX’s vice president of E&P Services, also is participating on a panel discussion [Read more]

ConocoPhillips Announces Pricing of Cash Tender Offer

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today the pricing terms of the previously announced tender offer (the “Tender Offer”) by ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo” and, together with ConocoPhillips, the “Company”), to purchase up to $1.80 billion in aggregate principal amount (the “Maximum Tender Offer Amount”) of the outstanding debt securities (collectively, the “Notes” and each a [Read more]