BOE Report

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]

Par Pacific Holdings Completes $55 Million Investment

HOUSTON, March 3, 2016 /PRNewswire/ -- Par Pacific Holdings, Inc. (NYSE MKT: PARR) ("Par Pacific") announced today that it completed its $55 million investment in Laramie Energy, LLC ("Laramie") on March 1, 2016.  Simultaneously, Laramie completed its acquisition of certain properties in the Piceance Basin for $157.5 million.  With the completion of the acquisition and related financing, Par Pacific's ownership interest in Laramie increased from 32.4% to 42.3%. Pro forma for the completion of [Read more]

Patterson-UTI Reports Drilling Activity for February 2016

HOUSTON, March 3, 2016 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2016, the Company had an average of 70 drilling rigs operating in the United States and four rigs in Canada.  For the two months ended February 29, 2016, the Company had an average of 74 drilling rigs operating in the United States and four rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the [Read more]

Whitecap Resources Inc. Announces Fourth Quarter and Year End 2015 Results and Provides Operational Update

CALGARY, March 2, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the year ended December 31, 2015. Selected financial and operating information is outlined below and should be read with Whitecap's audited consolidated financial statements and related Management's Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") which will be available at www.sedar.com and on our [Read more]

Panhandle Oil and Gas Inc. Announces Company Presentation at Investor Conference

OKLAHOMA CITY, March 2, 2016 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced today its management will present at the following investor conference. On Wednesday, March 9, 2016, the Company will present at EnerCom's The Oil & Services Conference in San Francisco.  The conference will be held at the Le Méridien Hotel in San Francisco.  Management is scheduled to present at 11:30 a.m. (CST).  The presentation will be webcast live.  A link to the webcast will be accessible from [Read more]

Ikkuma Resources Provides Correction to 2015 Year-end Reserves News Release

TSX Venture Exchange: IKM CALGARY, March 2, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") announces a correction to its press release entitled "Ikkuma Resources Announces 2015 Year-end Reserves" disseminated today at 5:00 a.m. ET regarding the announcement of its 2015 year-end reserves.  The news release should have read that Ikkuma's recompletion program accounted for $16.7 million (instead of $21.4 million or 61%) of total exploration and development expenditures [Read more]