BOE Report

Alfa Laval wins SEK 100 million offshore order from Statoil

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo power generator systems to an oil platform located in the Johan Sverdrup field in the North Sea. The order, booked in the Marine & Offshore Pumping Systems segment, has a value of approximately SEK 100 million and delivery is scheduled for 2016. The order comprises the delivery of emergency power generators to an oil platform, operated by Statoil in the Johan Sverdrup oil [Read more]

PostRock Reports Third Quarter Results

OKLAHOMA CITY, Nov. 11, 2015 (GLOBE NEWSWIRE) -- PostRock Energy Corporation (OTC Pink:PSTR) today announced its results for the quarter ended September 30, 2015. Highlights Revenue totaled $10.7 million for the three months ended September 30, 2015, down 50% from the prior-year period.  Realized oil and natural gas prices were down 55% and 34%, respectively, from the prior-year quarter.Production, using a realized 17:1 gas-to-oil economic equivalency in the third quarter, averaged 43.7 [Read more]

Shell Midstream Partners, L.P. Announces Offering of Common Units

Houston, Nov. 11, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the commencement of an underwritten public offering of 8,000,000 common units representing limited partner interests. In connection with the offering, Shell Midstream Partners intends to grant the underwriter a 30-day option to purchase up to an additional 1,200,000 common units. Shell Midstream Partners expects to use the net proceeds from this offering to fund a portion of the purchase [Read more]

Shell Midstream Partners, L.P. 3rd Quarter 2015 Unaudited Results

Houston, Nov. 11, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented mainstream midstream master limited partnership formed by Royal Dutch Shell, plc (RDS), reported net income attributable to the partnership of $54.3 million, which equates to $0.37 per limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization of $57.1 million and cash available for distribution of $46.4 [Read more]

Shell Midstream Partners, L.P. Announces Acquisition of Auger Pipeline System and Lockport Crude Terminal

Houston, Nov. 11, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the execution of a Contribution Agreement to acquire Pecten Midstream LLC, which owns Lockport Crude Terminal (Lockport) and Auger Pipeline System (Auger), for $390 million from Shell Pipeline Company LP, a wholly owned subsidiary of Royal Dutch Shell plc. The acquisition price reflects an approximate 8.6 times multiple of the assets’ forecasted 2016 adjusted earnings before [Read more]

Erickson Extends Repsol Peru Contract

PORTLAND, Ore., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, is pleased to announce a two-year service contract extension between Repsol Exploracion Peru, Sucursal Del Peru and Ecocopter Peru S.A. for air cargo transportation by helicopter. The two-year agreement beginning January 1, 2016, calls for Erickson to provide one S-64 Aircrane and related support for year-round use. Erickson will be moving oil and gas [Read more]

Denbury Resources to Present at Bank of America Merrill Lynch 2015 Global Energy Conference

PLANO, Texas, Nov. 10, 2015 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced that Phil Rykhoek, President and Chief Executive Officer, will present at the Bank of America Merrill Lynch 2015 Global Energy Conference on Wednesday, November 11, 2015 at 10:30 a.m. Eastern Time. A link to the live webcast of the presentation and the presentation slides are available in the investor relations section of the Company’s website at www.denbury.com. A [Read more]

GreenHunter Resources Schedules Third Quarter 2015 Financial and Operating Results Conference Call

GRAPEVINE, Texas, Nov. 10, 2015 (GLOBE NEWSWIRE) -- GreenHunter Resources, Inc. (NYSE MKT:GRH) (NYSE MKT:GRH.PC), a diversified water resource, waste management, environmental services, and hydrocarbon marketing company specializing in the unconventional oil and natural gas shale resource plays, announced today that it will host a conference call on Monday, November 16, 2015, at 9:00 a.m. CST, to discuss its quarter and nine months ended September 30, 2015 financial and operating results. The [Read more]

Propel SSP Proppant Transport Technology Increases Hydrocarbon Production 39% in a Six-Well Field Trial

SUGAR LAND, Texas, Nov. 09, 2015 (GLOBE NEWSWIRE) -- Fairmount Santrol announces today a successful six-well field trial using its proprietary Propel SSP™ proppant transport technology. Initial 90-day oil production increased 39% compared with offset wells. Field trial details are summarized in a case study available on Fairmount Santrol’s website by clicking here. In the Three Forks and Middle Bakken formations of North Dakota’s Williston basin, Enerplus Corporation compared six Propel SSP [Read more]

Chaparral Energy Schedules Third Quarter Earnings Conference Call

OKLAHOMA CITY, Nov. 09, 2015 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. will hold its third quarter financial and operating results conference call on Monday, November 16, at 9 a.m. Central. The call will follow the company’s November 16 Form 10-Q filing. To review results before the call, a copy of the 10-Q will be available on the Investor section of the company’s website at chaparralenergy.com/investors or the Securities and Exchange Commission’s website at sec.gov.    Interested parties [Read more]