BOE Report

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]

ConocoPhillips Announces Upsizing and Early Results of Cash Tender Offer

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today the early results of the previously announced tender offer (the “Tender Offer”) of ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo” and, together with ConocoPhillips, the “Company”), to purchase outstanding debt securities identified in the table below (collectively, the “Notes” and each a “Series” of Notes). ConocoPhillips further announced that it has [Read more]

Whiting Petroleum Corporation Announces Exchange Offer for 6.625% Senior Notes Due 2026

DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE: WLL) today announced that it has commenced an offer to exchange all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the "Original Notes") for new, registered 6.625% Senior Notes due 2026 (the "New Notes"). The terms of the New Notes to be issued in the exchange offer are substantially identical to those of the Original Notes, except that the New Notes will not have [Read more]

Devon Energy Announces Third-Quarter 2018 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 third quarter of 2018. The dividend is payable on Sept. 28, 2018, at a rate of $0.08 per share based on a record date of Sept. 14, 2018. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]

Energy Transfer Partners, L.P. Announces Pricing of $3.0 Billion of Senior Notes

DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of its $500 million aggregate principal amount of 4.20% senior notes due 2023, $1.0 billion aggregate principal amount of 4.95% senior notes due 2028, $500 million aggregate principal amount of 5.80% senior notes due 2038 and $1.0 billion aggregate principal amount of 6.00% senior notes due 2048 at a price to the public of 99.926%, 99.819%, 99.647% and [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 June 29, 2018 to holders of record at the close of business on June 18, 2018. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess [Read more]

NGL Energy Partners LP Announces Fourth Quarter and Fiscal 2018 Financial Results and Initiates Fiscal 2019 Guidance

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended March 31, 2018 of $110.9 million, including an $89.3 million gain on the sale of a portion of our Retail Propane segment, compared to net income for the quarter ended March 31, 2017 of $26.5 million. The Partnership reported a net loss for Fiscal 2018 of $69.6 million. NGL also announced earlier today [Read more]