BOE Report

Base Oil Market to Growth to 2020 Driven by Automotive Oil Segment

PUNE, India, March 4, 2016 /PRNewswire/ -- Automotive oil segment is leading the global base oil market application segments with Asia-Pacific region being a market leader in terms of consumption, geographically according to a new research report. Complete report on global base oil market spread across 315 pages, profiling 14 companies and supported with 128 tables and 123 figures is now available at [Read more]

PetroFrontier Corp. provides corporate update

CALGARY, March 3, 2016 /PRNewswire/ - (TSX-V: PFC) – PetroFrontier Corp. ("PetroFrontier" or the "Corporation") is pleased to announce that Mr. Paul Cheung has joined PetroFrontier's board of directors, subject to regulatory approval. Mr. Cheung is a geologist with an undergraduate in Geology from the University of Calgary and a Master of Science degree in Geology from Oklahoma State University. Mr. Cheung has been an independent businessman since January 2001. He has founded multiple [Read more]

TORC Oil & Gas Ltd. Announces 2015 Fourth Quarter and Year-End Financial & Operating Results and 2015 Year-end Reserves

CALGARY, March 3, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce financial and operating results for the three month periods and years ending December 31, 2015 and 2014, and to provide 2015 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule").  The associated Management's Discussion and Analysis ("MD&A") dated March 3, 2016 and audited financial statements as at and for the year ended December 31, 2015 can be [Read more]

AKITA Drilling Ltd. releases year-end results

CALGARY, March 3, 2016 /CNW/ - AKITA Drilling Ltd.'s net loss for the year ended December 31, 2015 was $33,965,000 (net loss of $1.89 per share (basic and diluted)) on revenue of $112,488,000 compared to net income of $21,079,000 or $1.17 per share (basic and diluted) on revenue of $165,274,000 in 2014.  The 2015 results include an asset impairment expense of $41,968,000 (after tax effect of $30,748,000 or $1.71 per share) with respect to certain of its rigs in addition to a net loss of [Read more]

Atlas Resource Partners Announces 2015 Schedule K-1 Available

FORT WORTH, Texas, March 3, 2016 /PRNewswire/ -- Atlas Resource Partners, L.P. (NYSE: ARP) today announced that it has completed the 2015 Schedule K-1 tax packages for Common and Preferred Class D and E unitholders.  The Schedule K-1 tax packages are available online by going to our website at www.atlasresourcepartners.com.  A link to the Schedule K-1 tax package is located at the bottom center of the page under the heading ARP Unitholder K-1. ARP also expects to complete the mailing of tax [Read more]

Trecora Resources Reports Fourth Quarter and Full Year 2015 Results

SUGAR LAND, Texas, March 3, 2016 /PRNewswire/ -- Trecora Resources (NYSE: TREC) a leading provider of high purity specialty hydrocarbons and waxes, today announced financial results for the fourth quarter and year ended December 31, 2015. Fourth Quarter and Full Year 2015 Financial Highlights Petrochemical sales volume of 24.6 million gallons, up 13.7% from 21.6 million gallons in the fourth quarter of 2014. Record full year petrochemical sales volume of 86.9 million gallons, up 5.0% from [Read more]

New Civil Antitrust Claims Filed Against Chesapeake, SandRidge Energy

DALLAS, March 3, 2016 /PRNewswire/ -- A class of oil and gas royalty owners has filed a civil antitrust lawsuit against Chesapeake Energy Corporation, SandRidge Energy Corp. and former SandRidge CEO Tom Ward. The 14-page lawsuit, filed by attorneys with the Dallas-based law firm Burns Charest LLP, alleges that the defendants violated federal antitrust laws by rigging bids and limiting competition for oil and gas leases in northwest Oklahoma. The lawsuit states that the class could ultimately [Read more]

Industry Leading Operating Efficiencies and Low Cash Costs Highlights Advantage's 2015 Achievements

(TSX: AAV, NYSE: AAV) CALGARY, March 3, 2016 /PRNewswire/ - During 2015, Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") achieved industry leading operating efficiencies as the Corporation continued to advance its Glacier Montney development. Advantage reduced 2015 total cash costs by 8% to $0.82/mcfe and to $0.77/mcfe in the fourth quarter of 2015, added proven plus probable ("2P") reserves at a finding and development ("F&D") cost of $0.77/mcfe ($4.65/boe) (1) and expanded its [Read more]

Base Oil Market by Type, by Application & Geography – Global Trends & Forecasts to 2020

DUBLIN, March 3, 2016 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/977vdv/base_oil_market) has announced the addition of the "Base Oil Market - Global Trends & Forecasts to 2020" report to their offering.       (Logo: http://photos.prnewswire.com/prnh/20130307/600769 ) The global base oil market is projected to reach $41.68 Billion by 2020, at a CAGR of 0.95% from 2015 to 2020. Factors such as growth of various end user industries, along with increase in [Read more]

DTE Energy announces leadership appointment, reinforcing focus on securing Michigan’s energy future

DETROIT, March 3, 2016 /PRNewswire/ -- DTE Energy today named Renze Hoeksema to the position of vice president, Government Affairs, succeeding Fred Shell, who will retire in June.  Since 2012, Hoeksema, a 30-year veteran of the company, has served as the director, state government affairs, after a successful tenure of leading the company's federal government affairs office in Washington D.C. In his new role, Hoeksema will oversee the company's corporate federal, state and local government [Read more]