BOE Report

ConocoPhillips Announces Cash Tender Offer for up to $1.75 Billion of Debt Securities

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”) have commenced a cash tender offer (the “Tender Offer”) to purchase up to $1.75 billion in aggregate principal amount (the “Maximum Tender Offer Amount”) of outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes), in the order of priority shown in the table [Read more]

WPX Energy Announces Early Results and Early Settlement of Cash Tender Offers

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE: WPX) announced today the early results and early settlement of its previously announced cash tender offers (the “Tender Offers”) to purchase up to $400.0 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 6.000% Senior Notes due 2022 (the “2022 Notes”) and 8.250% Senior Notes due 2023 (the “2023 Notes” and together with the 2022 Notes, the “Notes”). The [Read more]

Iron Bridge Highlights Flawed and Undervalued Nature of Velvet Energy Proposal

Urges Shareholders to Take No Action CALGARY, Alberta--(BUSINESS WIRE)--Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX:IBR) responded today to the announcement by Velvet Energy Ltd. (“Velvet Energy”) that it intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of Iron Bridge. Iron Bridge believes that Velvet Energy’s proposal is flawed, significantly undervalues the Company and is an attempt to deny Iron Bridge shareholders [Read more]

WPX Energy Declares Dividend on Preferred Stock

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy’s (NYSE: WPX) board of directors has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. The dividend is payable as of July 31, 2018, to holders of record of the company’s preferred stock on July 13, 2018. About WPX Energy, Inc. WPX is an independent energy producer with core positions in the Permian [Read more]

Northern Oil and Gas, Inc. Announces Completion of Senior Notes Exchange Transaction

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has completed its previously announced exchange transaction with certain holders of its 8% senior unsecured notes, including the requirement to raise an additional $140 million of new equity capital. HIGHLIGHTS OF THE TRANSACTION $497 million of existing senior unsecured notes has been exchanged for approximately (i) $344 [Read more]

WildHorse Resource Development Corporation Receives Notice of Partial Distribution of WRD Shares

HOUSTON--(BUSINESS WIRE)--WildHorse Resource Development Corporation (NYSE:WRD) received notice today that Natural Gas Partners, IX L.P. (“NGP IX”), which is one of three investment funds managed by NGP Energy Capital Management, LLC (“NGP”) that are the largest stockholders of WRD, has recently distributed approximately 12.0 million shares to its limited partners in NGP IX. Following the distribution, investment funds managed by NGP continue as [Read more]

Apache Midstream and ARM Energy Holdings Announce Development of Salt Creek Midstream’s SCM Alpine, LLC

Apache Midstream Signs Option for 50% Stake in 445,000 Bbl/d NGL Header System ARM to Construct, Manage, Operate and Own an Interest in the Transportation System Salt Creek Midstream and SCM Alpine Backed by Ares Management’s Private Equity Group HOUSTON--(BUSINESS WIRE)--Apache Midstream (“Apache”), a subsidiary of Apache Corporation (NYSE, NASDAQ: APA) and ARM Energy Holdings (“ARM Energy”) today announced that ARM [Read more]

Energy Transfer Equity Reports First Quarter Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE” or the “Partnership”) today reported financial results for the quarter ended March 31, 2018. ETE’s net income attributable to partners was $363 million for the three months ended March 31, 2018, an increase of $124 million compared to $239 million for the three months ended March 31, 2017. Distributable Cash Flow, as adjusted, for the three months ended March 31, 2018 was [Read more]

Phillips 66 Announces Increase in Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock, representing a 14 percent increase. The dividend is payable on June 1, 2018, to shareholders of record as of the close of business on May 21, 2018. “A secure, competitive and growing dividend is fundamental to our capital allocation strategy,” said Greg Garland, chairman and CEO of [Read more]

Cheniere Partners Holdings Declares Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners LP Holdings, LLC (“Cheniere Partners Holdings” or the “Company”) (NYSE American: CQH) announced today that its Board of Directors declared a quarterly cash dividend of $0.56 per common share representing limited liability company interest in the Company. The dividend will be payable on May 30, 2018 to shareholders of record as of the close of business May 21, 2018. Cheniere Partners Holdings’ [Read more]