BOE Report

C&J Energy Services Announces Death of Founder, Chief Executive Officer and Chairman, Josh Comstock

HAMILTON, Bermuda, March 11, 2016 /PRNewswire/ -- C&J Energy Services Ltd. (NYSE: CJES) sadly announced today that Founder, Chief Executive Officer and Chairman of the Board of Directors, Josh Comstock, died suddenly and unexpectedly in his sleep on March 11, 2016.  In response to this tragic event, the Company's Board of Directors will hold a meeting this afternoon to discuss the Company's plan for succession to ensure the continuity of the Company's strategic direction and operations.  Randy [Read more]

Royal Dutch Shell plc Fourth Quarter 2015 Euro and GBP Equivalent Dividend Payments

THE HAGUE, March 11, 2016 /PRNewswire/ -- The Board of Royal Dutch Shell plc ("RDS") (NYSE:RDS.A)(NYSE:RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2015 interim dividend, which was announced on February 4, 2016 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share"). Dividends on A Shares will be paid, by default, in euro at the rate of €0.4221 per A Share. Holders of A Shares who have validly submitted [Read more]

Energy Expert Analysis Debunks PennEast Justification For Proposed Pipeline — Only Purpose Is Profit

FAR HILLS, N.J., March 11, 2016 /PRNewswire/ -- PennEast's claims that its proposed pipeline is needed to supply New Jersey with additional natural gas capacity and will reduce gas prices for consumers are not substantiated according to a report conducted for the New Jersey Conservation Foundation. In the analysis prepared by Skipping Stone, a nationally recognized energy consulting firm, it also notes that introduction of the pipeline's capacity to the region would actually increase costs to [Read more]

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

CALGARY, March 11, 2016 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on  April 15, 2016 to all shareholders of record on March 22, 2016.  The ex-dividend date for this payment is March 18, 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, [Read more]

Lubricants Market Growth to 2021 Propelled by High Use of Mineral Oil Lubricants in Various Applications

PUNE, India, March 11, 2016 /PRNewswire/ -- The market size of lubricants is expected to reach USD166.59 billion by 2021, registering a CAGR of 2.4% between 2016 and 2021 with increased use of mineral oil lubricants in various applications is driving the growth of the market. Asia-Pacific projected to be fastest-growing market during the forecast period while transportation application to dominate the market. Complete report on global lubricants market spread across 180 pages, profiling 10 [Read more]

BNK Petroleum Inc. – Announces 2015 Year-End Reserves

CAMARILLO, CA, March 10, 2016 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing the results of its December 31, 2015 independent reserves evaluation. The evaluation of the Company's reserves in the Caney formation of the Tishomingo Field in Oklahoma was conducted by Netherland, Sewell & Associates, Inc. ("NSAI") in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities.  2015 Gross Reserves Summary Total Proved [Read more]

BNK Petroleum Inc. Announces 4th Quarter and Annual 2015 Results

CAMARILLO, CA, March 10, 2016 /PRNewswire/ - All amounts are in U.S. Dollars unless otherwise indicated: 2015 HIGHLIGHTS Average production was 1,415  barrels of oil equivalent per day (BOEPD) for 2015, an increase of 34% compared to 2014 production of 1,053 BOEPD due to the completion of the Nickel Hill 36-3H well and the remaining portion of the Emery 17-1H well in 2015 General & administrative expenses decreased by 30% and operating expenses on a per barrel basis decreased by 26% in 2015 [Read more]

Penn West Confirms Filing of its 2015 Year End Disclosure Documents

CALGARY, March 10, 2016 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2015 and related Management's Discussion and Analysis.  Penn West has also filed its Annual Information Form for the year ended December 31, 2015, which includes the disclosure and reports relating to reserves data and [Read more]

Hercules Offshore, Inc. Announces Rate Reductions for Hercules 261, Hercules 262 and Hercules 266 Contracts

HOUSTON, March 10, 2016 /PRNewswire/ -- Hercules Offshore, Inc. (NASDAQ: HERO) announced that it received from Saudi Aramco on March 9, 2016, a notice reducing the dayrates under its five year contracts for the Hercules 261 and Hercules 262 from $67,000 per day to $63,650 per day. The reduced dayrates will apply from January 1, 2016, through December 31, 2016. Saudi Aramco also advised the Company that the dayrate for the Hercules 266 has been reduced from $67,000 per day to $63,650 per day [Read more]

Lawsuits Filed Against Chesapeake Exploration LLC and Subsidiaries of the Chinese National Offshore Oil Company in South Texas County District Courts

SAN ANTONIO, March 10, 2016 /PRNewswire/ -- The law firms of Christian, Smith and Jewell LLP of Houston, Circelli, Walter & Young, PLLC of Fort Worth and Langley & Banack, Incorporated of San Antonio have joined forces and filed Petitions in the District Courts of McMullen County, Dimmit County and La Salle County, Texas against Chesapeake Exploration LLC ("Chesapeake") and others for breach of contract.  Chesapeake Energy Corporation is the parent company of Chesapeake. Other Defendants include [Read more]