BOE Report

Milder Winter, Low Natural Gas Price Mean Winter Heating Savings for Consumers Energy Customers

JACKSON, Mich., Jan. 4, 2016 /PRNewswire/ -- A relatively mild winter and the lowest natural gas price in nearly 15 years are working together to reduce this winter's heating bills for homes and businesses that Consumers Energy serves. The energy provider announced today that the average household could pay $200 less for natural gas this winter compared to a year ago. "Michigan homes and businesses should continue to enjoy savings on their heating bills this winter," said Tim Sparks, Consumers [Read more]

Riverstone Seneca B.V. Announces Extension of Offer to Acquire Common Shares and Warrants of CIOC (Canadian International Oil Corp.)

CALGARY, Dec. 31, 2015 /CNW/ - Riverstone Seneca B.V. ("Riverstone"), an affiliate of Riverstone Holdings LLC, announced today that as of 5:00 p.m. (EST) on December 29, 2015, approximately 54,290,198 common shares ("Common Shares") of Canadian International Oil Corp. ("CIOC") and approximately 77,868,910 Common Share purchase warrants with an exercise price of $1.20 per warrant ("Warrants") had been validly deposited pursuant to the previously announced offer of  Riverstone (the "Offer") to [Read more]

Atlas Energy Group Receives Notice Regarding Standard NYSE Listing Criteria

PHILADELPHIA, Dec. 30, 2015 /PRNewswire/ -- Atlas Energy Group, LLC (NYSE: ATLS) ("ATLS" or "the Company") announced today that the New York Stock Exchange ("NYSE"), on December 23, 2015, notified the Company that it had fallen below the NYSE's continued listing standards relating to minimum average global equity market capitalization and total stockholders' equity, which require that its average global market capitalization be not less than $50 million over a consecutive 30 trading-day period, [Read more]

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]