BOE Report

SemCAMS Acquires Pipelines, Compression and Dehydration Facilities in the Duvernay

CALGARY, Alberta, Nov. 24, 2015 (GLOBE NEWSWIRE) -- SemCAMS, a subsidiary of SemGroup® Corporation (NYSE:SEMG), today announced that it has acquired gas and condensate facilities in the Kaybob area of Alberta for approximately $38 million (Cdn). The recently constructed facilities include field compression, dehydration and condensate handling equipment which complements the previously announced SemCAMS KA North Condensate pipeline, KA North II gas pipeline and the KA Gas Plant condensate [Read more]

Noble Energy and BG International Agree to Partnership in Block 12 Offshore Cyprus

Houston, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International (“BG”).  BG is acquiring a 35 percent interest in Block 12, which includes the Aphrodite natural gas discovery, for total cash consideration of $165 million. Aphrodite, discovered in 2011, has gross mean natural gas resources of approximately four trillion cubic feet. The [Read more]

Lundin Petroleum spuds exploration well on the Ørnen prospect in the Barents Sea South

Stockholm, 2015-11-24 08:18 CET (GLOBE NEWSWIRE) --   Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7130/4-1 on the Ørnen prospect. The well 7130/4-1 will explore the Ørnen prospect in PL708, located on the eastern parts of the Finnmark Platform in the southern Barents Sea. The reservoir is expected to consist of Upper Permian carbonates. The Ørnen prospect is [Read more]

Noble Energy and BG International Agree to Partnership in Block 12 Offshore Cyprus

Houston, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International (“BG”).  BG is acquiring a 35 percent interest in Block 12, which includes the Aphrodite natural gas discovery, for total cash consideration of $165 million. Aphrodite, discovered in 2011, has gross mean natural gas resources of approximately four trillion cubic feet. The [Read more]

Vanguard Natural Resources, LLC Announces Four Monthly Cash Distributions

HOUSTON, Nov. 20, 2015 (GLOBE NEWSWIRE) -- Vanguard Natural Resources, LLC (NASDAQ:VNR) (“Vanguard”) has declared a cash distribution attributable to the month of October 2015 of $0.1175 per unit ($1.41 on an annual basis) payable on December 15, 2015 to unitholders of record on December 1, 2015.  Vanguard has also declared cash distributions for its 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ:VNRAP) of $0.1641 per unit, its 7.625% Series B Cumulative Redeemable [Read more]

EPRI Announces 2 Interim Members of Board of Directors

PALO ALTO, Calif., Nov. 20, 2015 (GLOBE NEWSWIRE) -- The Electric Power Research Institute (EPRI) has announced the appointments of Doug Esamann, executive vice president and president of Duke Energy's Midwest and Florida regions, and Jeff Lyash, president and chief executive officer of Ontario Power Generation (OPG), as interim members of the Board of Directors. Esamann will serve in an interim capacity until April 2017 and Lyash until April 2016; both will then be eligible for election to full [Read more]

Energy XXI Declares Regular Quarterly Dividends on Preferred Shares

HOUSTON, Nov. 19, 2015 (GLOBE NEWSWIRE) -- Energy XXI (Nasdaq:EXXI) today announced its Board of Directors declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock, which have a face value of $100 per share, and a $3.5156 per share quarterly dividend on its shares of 5.625% Convertible Perpetual Preferred Stock, which have a face value of $250 per share.  Dividends on both issues will be paid in cash on December 15, 2015 to the holders of [Read more]

Legacy Reserves LP Declares Preferred Distributions

MIDLAND, Texas, Nov. 19, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667 per unit payable on December 15, 2015 to unitholders of record on December 1, 2015. About Legacy Reserves LP Legacy [Read more]

Quattro Closes Asset Purchase Agreements

CALGARY, Alberta, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSXV:QXP) is pleased to announce that it has closed its previously announced purchase oil and gas production, facilities and lands in British Columbia from two Alberta-based private oil and gas exploration and production companies (the "Acquisitions"). The purchase price for the Acquisitions was $1,944,180, paid through the issuance of 10,625 non-voting, Class C, series 3 [Read more]

Michael J. Stover, Vice President of Operations Services for Marathon Oil Corporation, to Retire

HOUSTON, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today that Michael J. Stover, currently vice president of Operations Services, has elected to retire effective Nov. 30 following nearly 30 years of service. “Mike’s many years of service to Marathon Oil and the industry have been marked by the highest levels of professionalism, dedication and a commitment to advancing the responsible development of oil and gas resources wherever our Company operates,” [Read more]