BOE Report

The case for restoring WTI as the global oil pricing benchmark

HOUSTON, June 24, 2016 /PRNewswire/ -- Arguably the world's most valuable commodity, crude oil is essential to modern life, the building block for everything from gasoline to guitar strings. Like other commodities, crude is governed by the theory of supply and demand. Producers produce, buyers buy, and, ideally, the price is good for both. In the 1980s, in order to simplify buying and selling crude in the international marketplace – and guarantee pricing transparency, the industry established [Read more]

43% of private equity investors plan to deploy capital into oil and gas by first half of 2017

LONDON, June 21, 2016 /PRNewswire/ -- Private equity (PE) firms are readying to deploy capital into the global oil and gas sector with 25% planning acquisitions before the end of the year and 43% by the first half of 2017, according an EY global survey of 100 PE firms active in the sector. With US$971.4b of PE dry powder from June 2016 still to be deployed, EY's survey, Capitalizing on opportunities: Private equity investment in oil and gas, reveals that PE firms are now preparing to increase [Read more]

Permian Basin Royalty Trust Announces June Cash Distribution

DALLAS, June 20, 2016 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.034538 per unit, payable on July 15, 2016, to unit holders of record on June 30, 2016. This month's distribution increased from the previous month due to an increase in the pricing of oil and gas but offset by a decrease in production due to a shorter month of April for the Waddell Ranch.  Also, with the increased [Read more]

Whitecap Resources Inc. Confirms Monthly Dividend for June of $0.0233 Per Share

CALGARY, June 15, 2016 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0233 per common share in respect of June operations will be paid on July 15, 2016 to shareholders of record on June 30, 2016.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a sustainable monthly cash dividend to its shareholders.  We are focused on [Read more]

Deloitte: Global Upstream Industry Facing $2 Trillion Funding Gap Over 5 Years

HOUSTON, June 15, 2016 /PRNewswire/ -- The embattled crude oil and natural gas industry worldwide has slashed capital spending to a point below the minimum required levels to replace reserves — replacement of proved reserves in the past constituted about 80 percent of the industry's spending; however, the industry has slashed its capital spending by a total of about 50 percent in 2015 and 2016. According to Deloitte's new study, "Short of Capital? Risk of underinvestment in Oil and Gas is [Read more]

Southwestern Energy Declares Dividend On Mandatory Convertible Preferred Stock

HOUSTON, June 14, 2016 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) today announced that an authorized committee of its Board of Directors declared a quarterly dividend of $15.625 per share on its 6.25% Series B Mandatory Convertible Preferred Stock, payable on July 15, 2016, to holders of record on July 1, 2016.  This equates to $0.78125 for each depositary share, which represents a 1/20th interest in a share of the Series B preferred stock.  The dividend is for the period beginning [Read more]

Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for July 15, 2016 Payment Date

CALGARY, June 10, 2016 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on  July 15, 2016 to all shareholders of record on June 22, 2016.  The ex-dividend date for this payment is June 20, 2016. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and [Read more]

Antero Resources Announces Conference Call for Recently Announced Acquisition

DENVER, June 9, 2016 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources" or the "Company") recently announced the signing of a definitive agreement with a third party to acquire approximately 55,000 net acres in the core of the Marcellus Shale for $450 million.  Antero will hold a conference call on June 10, 2016 at 7:00 a.m. MT to discuss the acquisition. Conference Call A conference call is scheduled on Friday, June 10, 2016 at 7:00 am MT to discuss the acquisition.  [Read more]

Callon Petroleum Declares Series A Preferred Dividend

NATCHEZ, Miss., June 3, 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 June 30, 2016 to stockholders of record as of June 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 company [Read more]

Pembina Pipeline Corporation Announces New Duvernay Infrastructure and Agreements

CALGARY, May 31, 2016 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into agreements with a multinational, investment grade customer to construct associated infrastructure relating to the Company's previously announced 100 million cubic feet per day ("MMcf/d") shallow cut gas plant, Duvernay I ("Duvernay I"). The supporting infrastructure includes condensate, gas and water field handling (the "Field Hub"), a gas [Read more]