BOE Report

Cimarron Energy Acquires Diverse Energy Systems Assets

NORMAN, Okla., and HOUSTON, Feb. 1, 2016 /PRNewswire/ -- Cimarron Energy announced today that it has closed on the acquisition of substantially all of the assets of Diverse Energy Systems.  The integration of the business interests of Cimarron and Diverse and the combination of continuing employees from both organizations are part of Cimarron's strategic plan to create a single source supplier of production, processing, and environmental equipment and related services for U.S. customers in the [Read more]

Couche-Tard completes acquisition of Topaz in Ireland

LAVAL, QC, Feb. 1, 2016 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A ATD.B) confirms that it has closed the acquisition of Topaz Energy Group Ltd. in Ireland ("Topaz") as previously announced in December. The transaction has received the appropriate regulatory approvals and all final closing requirements have been completed. Topaz is the leading convenience and fuel retailer in Ireland, made up of 444 stations across the island of Ireland, including its recently [Read more]

Industry distress to fuel oil and gas transaction activity as crude price dives; says Ernst & Young

LONDON, Feb. 1, 2016 /PRNewswire/ -- More oil and gas companies are expected to succumb to stress in the sector, which will drive transactions in 2016, after global deal volume and value fell short of expectations in 2015, dropping by 33% and 17% respectively year-on-year. EY's Global oil and gas transactions review 2015 finds that deal volume was down in nearly all sub-sectors in 2015 compared to 2014, most notably in oilfield services (OFS), where deal activity decreased by almost 40% from [Read more]

Dominion Resources, Questar Corporation to Combine

RICHMOND, Va., Feb. 1, 2016 /PRNewswire/ -- Dominion Resources, Inc. (NYSE: D) and Questar Corporation (NYSE: STR) today announced an agreement for the companies to combine, in an all-cash transaction in which Dominion has agreed to pay Questar shareholders $25 per share – about $4.4 billion – and assume Questar's outstanding debt. The transaction would be accretive to Dominion upon closing – expected by year-end 2016 – with limited impact on the company's balance sheet. Dominion intends to [Read more]

CONSOL Energy Declares Regular Quarterly Dividend of $0.01 per Share

PITTSBURGH, Feb. 1, 2016 /PRNewswire/ -- CONSOL Energy Inc.'s (NYSE: CNX) Board of Directors declared a regular quarterly dividend of $0.01 per share, payable on March 3, 2016, to shareholders of record on February 16, 2016. CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and coal. The company is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian [Read more]

Par Pacific Holdings Announces Fourth Quarter and Full Year 2015 Earnings Release and Conference Call Schedule

HOUSTON, Feb. 1, 2016 /PRNewswire/ -- Par Pacific Holdings, Inc. (NYSE MKT: PARR) ("Par Pacific") today announced that it will issue its fourth quarter and full year 2015 financial results on Monday, February 29, 2016 before the market opens.  Par Pacific has scheduled a conference call to discuss these results the same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). What:      Par Pacific Holdings Fourth Quarter and Full Year 2015 Earnings Conference Call When:      Monday, [Read more]

Azure Midstream Partners Announces Temporary Suspension Of Q4 2015 Distribution

DALLAS, Feb. 1, 2016 /PRNewswire/ -- Azure Midstream Partners, LP (NYSE: AZUR) ("Azure"), a leading midstream natural gas gathering and processing company based in Dallas, Texas, today announced that its Q4 2015 distribution has been temporarily suspended as it considers various alternatives for re-instating distributions. Azure is pursuing a number of options to strengthen its balance sheet including a potential equity restructuring, capital raise and strategic alternatives that will provide [Read more]

Gouged California Drivers Bankroll Chevron’s Best US Refining Year Ever, says Consumer Watchdog

SANTA MONICA, Calif., Jan. 29, 2016 /PRNewswire-USNewswire/ -- Chevron's US refining profits soared to their highest ever in 2015, thanks to California drivers who paid inflated prices for gasoline, Consumer Watchdog said today. More than half of Chevron's US refining takes place in California. US refining profits made up $3.1 billion of Chevron's annual profit of $4.6 billion in 2015. "Chevron used California drivers as their private ATM machine while taking advantage of plunging crude oil [Read more]

Peggy A. Heeg Joins Columbia Pipeline Partners Board of Directors

HOUSTON, Jan. 29, 2016 /PRNewswire/ -- Columbia Pipeline Partners LP ("CPPL") (NYSE: CPPL) announced that Peggy A. Heeg has joined its board of directors. "Peggy brings 30 years of energy and management experience to our board.  Peggy's strategic knowledge of the midstream business and master limited partnerships will strengthen our board," Board Chairman Robert C. Skaggs, Jr. noted. "We are pleased to welcome Peggy to our team." Ms. Heeg is a corporate partner and has served on the Executive [Read more]

Columbia Pipeline Group Announces Increase to Common Dividend

HOUSTON, Jan. 29, 2016 /PRNewswire/ -- The Board of Directors of Columbia Pipeline Group, Inc. (NYSE: CPGX) ("CPG") today approved a quarterly dividend payment of 12.875 cents per share, payable February 19, 2016, to common stockholders of record at the close of business February 8, 2016. "Today's announcement delivers on one of our core commitments as an independent pipeline, midstream and storage company," CPG Chairman and Chief Executive Officer Robert C. Skaggs, Jr. said.  "Our stable and [Read more]