BOE Report

Madalena to Present at the Instituto Argentino de Petroleo y Gas (IAPG)

CALGARY, Alberta, Jan. 20, 2016 /PRNewswire/ -- Madalena Energy Inc. (TSX-V: MVN and OTCQX: MDLNF) (the "Company" or "Madalena") announces that Kevin Shaw, Madalena's President and CEO, will be a keynote speaker at the Instituto Argentino de Petroleo y Gas ("IAPG") luncheon to be held at the Double Tree Houston Greenway Plaza Hotel at 11:30 AM (CST) on Thursday, January 21, 2016. Madalena has posted a new corporate presentation for investors and interested parties on its website at [Read more]

Middle East Drilling Fluid Market Worth $2.19Bn By 2022: Grand View Research, Inc.

SAN FRANCISCO, January 20, 2016 /PRNewswire/ -- Middle East drilling fluid market is expected to reach USD 2.19 billion by 2022, according to a new report by Grand View Research, Inc. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Saudi Arabia, Oman, Qatar and UAE is expected to steer exploration activities in the region. Increasing concern towards reducing downhole losses, and maintenance costs in deepwater projects, is also expected to drive product demand [Read more]

Recon Technology, Ltd. Subsidiary Qualifies as a Supplier of Major State-Owned Electric Companies, Allowing it to Bid on Projects

BEIJING, Jan. 20, 2016 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), a leading independent oilfield services provider operating primarily in China, announced today that Nanjing Recon Technology Co., Ltd. ("Nanjing Recon"), a subsidiary of the Company, has obtained qualifications to provide services for some state-owned electric companies and, as a result, has participated in bidding projects, including projects for China Huadian Corp. "We are thrilled to [Read more]

Ironhorse Oil & Gas Inc. announces shut-in production due to low oil and gas prices

CALGARY, Jan. 19, 2016 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V:IOG), advises that the operator of the Nisku L2L Pool (the "Pool") has informed Ironhorse that the operator intends to shut-in production from the Pool because continued production is uneconomic under the current commodity price environment. Ironhorse has a 15.6250% working interest in the Pool and the production from the Pool is Ironhorse's main source of cash flow.  Ironhorse believes that, with [Read more]

Keyera Announces Timing of 2015 Year-End Results Conference Call and Webcast

CALGARY, Jan. 19, 2016 /CNW/ - Keyera Corp. (TSX:KEY) announced today that it expects to release its 2015 year-end results after market close on Wednesday, February 10, 2016. A conference call and webcast have been scheduled for Thursday, February 11, 2016 at 8:00 am Mountain Time (10:00 am Eastern Time) for interested investors, analysts, brokers and media representatives. The conference call dial-in number is 888-231-8191 or 647-427-7450. A recording of the conference call will be available [Read more]

Bayou City Energy Partners with Alta Mesa Holdings to Develop STACK Acreage

HOUSTON, Jan. 19, 2016 /PRNewswire/ -- Bayou City Energy ("Bayou City", "BCE" or the "Firm") announced its affiliate, BCE-STACK Development LLC ("DrillCo") has entered into a Joint Development Agreement ("JDA") with Oklahoma Energy Acquisitions, LP, a wholly owned subsidiary of Alta Mesa Holdings, LP ("AMH", or the "Company") to finance the drilling of joint wells on the Company's acreage in the core of the STACK play in Kingfisher County, Oklahoma.  The drilling program initially calls for [Read more]

Whitecap Adapts to Current Pricing Environment and Provides Revised Outlook for 2016

CALGARY, Jan. 19, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") announces that in response to the severe decline in crude oil prices in the past few weeks, we are implementing multiple initiatives to adapt to the lower prices. Our priority in the current commodity price environment is to protect our balance sheet and to re-calibrate our business plan to ensure long-term sustainability while being positioned for an eventual commodity price recovery. Capital Reduction [Read more]

Cross Timbers Royalty Trust Declares January Cash Distribution

DALLAS, Jan. 19, 2016 /PRNewswire/ -- Southwest Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.168727 per unit, payable on February 12, 2016, to unitholders of record on January 29, 2016. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. Underlying Sales Volumes  Average Price Oil (Bbls) [Read more]

Hugoton Royalty Trust Declares No Cash Distribution For January

DALLAS, Jan. 19, 2016 /PRNewswire/ -- Southwest Bank, as Trustee of the Hugoton Royalty Trust (NYSE:HGT) (the "Trust"), today reported that it will not declare a monthly cash distribution to the holders of its units of beneficial interest for the month of January 2016. The following table shows underlying gas sales and average prices attributable to the net overriding royalty payments made by XTO Energy Inc. (XTO Energy) to the Trust for both the current month and prior month distribution.  [Read more]

Permian Basin Royalty Trust Announces January Cash Distribution

DALLAS, Jan. 19, 2016 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.014734 per unit, payable on February 12, 2016, to unit holders of record on January 29, 2016. This month's distribution decreased slightly from the previous month due to a decrease in the pricing of both oil and gas on the Texas Royalty Properties, whereas the Waddell Ranch Properties were in deficit this month and [Read more]