BOE Report

Powell Industries Announces Leadership Changes

HOUSTON, Dec. 30, 2015 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it has accepted the resignation of Chief Executive Officer Michael A. Lucas and elected current Board Chair and former CEO Thomas W. Powell to succeed him. The Company also promoted Brett A. Cope to Senior Vice President and Chief Operating Officer. "We appreciate the [Read more]

Atlas Resource Partners Announces Monthly Distribution For November 2015

FORT WORTH, Texas, Dec. 28, 2015 /PRNewswire/ -- Atlas Resource Partners, L.P. (NYSE: ARP) today declared its monthly distribution for the month of November 2015 of $0.0125 per common unit, or $0.15 per unit on an annual basis.  The November 2015 distribution is payable Thursday, January 14, 2016 to holders of record as of Thursday, January 7, 2016. Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration & production master limited partnership which owns an interest in over 14,500 [Read more]

Dominion East Ohio Customers Benefit From Lower Natural Gas Prices, Thanks to Increased Local Production

CLEVELAND, Dec. 28, 2015 /PRNewswire/ -- Dominion East Ohio expects increased energy production from the Marcellus and Utica shale formations in Ohio and nearby states to help provide ample supplies of natural gas at lower prices than a year ago. "These abundant shale energy resources have led to lower national and regional market prices and our customers are reaping the benefits," said Jeff Murphy, vice president and general manager. Murphy noted that natural gas prices for the remainder of [Read more]

Pioneer Energy Services Announces Amended Revolving Credit Facility and Sale of Four SCR Drilling Rigs

SAN ANTONIO, Dec. 23, 2015 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it has amended its existing senior secured revolving credit facility and modified certain covenants. Under the new agreement: The total consolidated leverage ratio and asset coverage ratio tests are eliminated. The permissible senior consolidated leverage ratio increases from a current level of 2.50 to 1.00 to a maximum of 4.75 to 1.00 as of the end of the fourth quarter of 2016 through the [Read more]

Nuverra And XTO Agree To End McKenzie County Water Gathering Agreement

SCOTTSDALE, Ariz., Dec. 23, 2015 /PRNewswire/ -- Nuverra Environmental Solutions, Inc. (NYSE: NES) ("Nuverra" or the "Company") announced today that it has mutually agreed with XTO Energy Inc. ("XTO") to terminate its contract for water-related midstream services in McKenzie County, North Dakota, due to the dramatic change in market conditions since the contract was executed in November 2014. Mark Johnsrud, Chairman of the Board and Chief Executive Officer, said, "With current low oil prices [Read more]

USW Appoints Kim Nibarger to Head Union’s Oil Sector

PITTSBURGH, Dec. 22, 2015 /PRNewswire-USNewswire/ -- United Steelworkers (USW) International President Leo W. Gerard announced Dec. 18 that Kim Nibarger will be the new chair of the union's oil sector and head the oil bargaining nationwide. Nibarger replaces former oil bargaining chair, USW International Vice President Gary Beevers, who retired Dec. 1. "Because he has served as both a safety expert and a local union president, Nibarger will bring crucial leadership and experience to this [Read more]

Atlas Resource Partners, L.P. Announces Distribution For Class E Preferred Units

FORT WORTH, Texas, Dec. 21, 2015 /PRNewswire/ -- Atlas Resource Partners, L.P. (NYSE: ARP) ("ARP" or "the Company") today declared its next quarterly distribution for the Class E Cumulative Redeemable Perpetual Preferred Units of $0.671875 per unit. The Class E Preferred distribution is payable Friday, January 15, 2016 to holders of record as of Monday, January 4, 2016.  Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration & production master limited partnership which owns an interest [Read more]

Atlas Resource Partners, L.P. Announces Distribution For Class D Preferred Units

FORT WORTH, Texas, Dec. 21, 2015 /PRNewswire/ -- Atlas Resource Partners, L.P. (NYSE: ARP) ("ARP" or "the Company") today declared its next quarterly distribution for the Class D Cumulative Redeemable Perpetual Preferred Units of $0.5390625 per unit.   The Class D Preferred distribution is payable Friday, January 15, 2016 to holders of record as of Monday, January 4, 2016. Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration & production master limited partnership which owns an [Read more]

ONEOK and ONEOK Partners Announce 2016 Financial Guidance

TULSA, Okla., Dec. 21, 2015 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) today announced 2016 financial and volume guidance. ONEOK Partners' 2016 capital-growth expenditures are expected to be approximately $460 million, and maintenance capital expenditures are expected to be approximately $140 million. "We expect 2016 earnings to be driven by continued natural gas and natural gas liquids volume growth across our integrated pipeline system, with strong [Read more]

Pacific acquires the remaining 50% working interest in the CPE-6 Block; Increasing production, cash flow and net reserves, without an immediate cash outlay

TORONTO, Dec. 21, 2015 /PRNewswire/ - Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) is pleased to announce that its wholly-owned subsidiary Meta Petroleum Corporation ("Meta") has reached an agreement (the "Agreement") with Talisman Colombia Oil & Gas Ltd. ("Talisman") to acquire the remaining 50% working interest held by Talisman in the CPE-6 Block (the "Block") in Colombia. Ronald Pantin, Chief Executive Officer of the Company, commented:  "This acquisition consolidates an [Read more]