BOE Report

Cimarex Energy Declares Quarterly Cash Dividend

DENVER, Dec. 9, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.08 per share.  The dividend is payable on March 1, 2017, to stockholders of record on February 15, 2017.  About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S.   SOURCE [Read more]

OPEC Output Cuts Point to Higher Internal Rates of Return for U.S. Shale: S&P Global Platts

NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Oil producers in key U.S. shale producing regions could see returns in excess of 40% in the wake of production cuts recently announced by the Organization of Petroleum Exporting Countries (OPEC) and other nations and the expected rise in oil prices, according to the Platts Well Economics Analyzer  (WEA) analysis. The analysis was released to coincide with the December 8 Platts Global Energy Outlook Forum in New York City, which will include a presentation [Read more]

Chesapeake Energy Corporation Announces Cash Tender Offers For Contingent Convertible Senior Notes

OKLAHOMA CITY, Dec. 6, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE: CHK) announced today that it has commenced cash tender offers (collectively, the "Tender Offers," and each offer to purchase a series of notes individually, a "Tender Offer") to purchase the outstanding notes of Chesapeake set forth in the table below (collectively, the "Notes"). No more than $100,000,000 aggregate purchase price, exclusive of accrued interest (the "2037 Tender Cap"), of 2.5% Contingent [Read more]

Callon Petroleum Declares Series A Preferred Dividend

NATCHEZ, Miss., Dec. 5, 2016 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that it has declared a cash dividend of $1.25 per share, on its 10.0% Series A Cumulative Preferred Stock ("Series A Preferred Stock").  The dividend will be paid on December 30, 2016 to stockholders of record as of December 15, 2016.  The Series A Preferred Stock is currently listed on the New York Stock Exchange under the symbol "CPE.A." Callon is an independent energy [Read more]

OPEC Agreement Adds to ‘Trump Rally’

PALM BEACH, Florida, December 2, 2016 /PRNewswire/ -- Oil & Gas Market Report recently published an article that included industry commentary based on the recent OPEC Agreement having a positive effect on the Energy sector for companies such as: Resolute Energy Corporation (NYSE: REN), Petro River Oil Corp. (OTC: PTRC), Devon Energy Corporation (NYSE: DVN), Oasis Petroleum Inc. (NYSE: OAS) and California Resources Corporation (NYSE: CRC) Oil prices soared nearly 10% on news that OPEC has [Read more]

Lilis Energy To Present At The Capital One Securities 11th Annual Energy Conference On December 8, 2016

DENVER, Dec. 1, 2016 /PRNewswire/ -- Lilis Energy, Inc. (OTCQB: LLEX) today announced that Ron Ormand, Executive Chairman of Lilis Energy, will be a featured presenter at the Capital One Securities 11th Annual Energy Conference, in New Orleans, Louisiana, on Thursday, December 8, 2016, at 9:40am. Mr. Ormand will be available for one-on-one meetings throughout the day. For more information on the conference or to schedule a meeting with Mr. Ormand, please visit [Read more]

Bellatrix announces appointment of Brent Eshleman as Interim President & CEO

CALGARY, Nov. 25, 2016 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces that Raymond G. Smith, the Company's President & Chief Executive Officer, has taken a temporary leave of absence to focus on a personal medical situation, and that in the interim, the Company has appointed Brent Eshleman as Interim President and Chief Executive Officer.  Mr. Eshleman joined Bellatrix as Executive Vice President in July 2012 and was subsequently named [Read more]

S&P Global: Pre-OPEC meeting commentary

LONDON, Nov. 25, 2016 /PRNewswire/ -- As OPEC oil ministers meet in Vienna on the 30th November, the organization's credibility is on the line. Having spent most of the year in discussion, failure to announce an agreement would be remarkable given the reputations at stake. Our analysts from the S&P Global divisions offer their thoughts and insights to help understand the market implications of OPEC's decision: S&P GLOBAL PLATTS Herman Wang, OPEC Specialist, S&P Global Platts: [Read more]

Permian Basin Royalty Trust Announces November Cash Distribution

DALLAS, Nov. 18, 2016 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.047087 per unit, payable on December 14, 2016, to unit holders of record on November 30, 2016. This month's distribution decreased slightly from the previous month due to a decrease in the net production of oil and gas for the Waddell Ranch properties, along with a slight decrease in pricing of oil and gas [Read more]

EP Energy Announces Pricing Of 8.00% Senior Secured Notes Due 2024

HOUSTON, Nov. 17, 2016 /PRNewswire/ -- EP Energy LLC ("EP Energy"), a wholly-owned subsidiary of EP Energy Corporation (NYSE: EPE), and its wholly-owned subsidiary, Everest Acquisition Finance Inc., as co-issuer (together with EP Energy, the "Issuers"), today announced the pricing of the previously announced unregistered offering of $500.0 million aggregate principal amount of 8.00% Senior Secured Notes due 2024 (the "Notes") at an issue price of 100%. The size of the offering was increased from [Read more]