BOE Report

ARC Resources Ltd. Confirms January 15, 2016 Dividend Amount

CALGARY, Dec. 16, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that an eligible dividend of $0.10 per share will be paid on January 15, 2016 to shareholders of record on December 31, 2015. The ex-dividend date is December 29, 2015. As at December 16, 2015 the trailing twelve-month payments to investors, including the December 15, 2015 payment, total $1.20 per share. ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend Program ("SDP") as optional plans for its [Read more]

MarkWest Energy Partners to Discuss Recent Merger at 2016 Marcellus-Utica Midstream Conference

HOUSTON, Dec. 16, 2015 /PRNewswire/ -- Hart Energy's 7th Marcellus-Utica Midstream conference and exhibition will unite the region's top companies January 26-28, 2016, for an in-depth look at upstream and midstream activity throughout the Appalachian plays. Midstream's biggest stakeholders are working to make the region a net exporter of natural gas ahead of the rest of the country. Held at the David L. Lawrence Convention Center, this event offers firsthand knowledge about the region's [Read more]

Californians Overpay $10 Billion For Gasoline In 2015; Consumer Watchdog Shows Oil Refiners Rig Market With Secret Trades & Anti-Competitive Acts

SACRAMENTO, Calif., Dec. 16, 2015 /PRNewswire-USNewswire/ -- Consumer Watchdog today revealed to a state oversight panel new tactics by which California oil refiners had their most profitable years ever and state drivers paid more at the pump than ever before compared to US drivers. The nonprofit group said that California drivers will have paid $10 billion extra for their gasoline by year's end due to gouging based on an analysis of price and consumption. Consumer Watchdog found that between [Read more]

2016 Budget Targets 39% Annual Production Growth, $120 million Capital Program & Total Cash Costs of $0.75/mcfe

(TSX: AAV, NYSE: AAV) CALGARY, Dec. 16, 2015 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that its Board of Directors has approved a 2016 capital budget of $120 million targeting annual production per share growth of approximately 39% to 200 mmcfe/d (33,300 boe/d) and a further 6% reduction in total cash costs to $0.75/mcfe.  Advantage's standing inventory of 35 completed and uncompleted wells are capable of achieving and sustaining [Read more]

Whitecap Provides Revised Outlook for 2016 and Confirms Monthly Dividend

CALGARY, Dec. 15, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") announces that in response to the downward pressure on commodity prices its Management and Board of Directors have elected to reduce its 2016 capital program by 27% to $150 million from $205 million previously announced on November 10, 2015. The revised capital program is designed to maintain financial flexibility and to prudently develop our high quality asset base through this volatile commodity price cycle. [Read more]

VirTex Operating Company, Inc. Assets for Sale

CORPUS CHRISTI, Texas, Dec. 15, 2015 /PRNewswire/ -- VirTex Operating Company, Inc. of Corpus Christi, Texas is placing one of its crown jewels on the market by announcing the divestment of its interest in approximately 34,000 acres of prime Eagle Ford Shale assets in Webb and LaSalle Counties, Texas. The assets comprise VirTex's 25% working interest in a venture with BP. Logo - http://photos.prnewswire.com/prnh/20151215/296043LOGO Dale Phipps, President of VirTex, says, "The venture has the [Read more]

Expanded Coverage (and New Name) for 2016 DUG Rockies Conference and Exhibition

HOUSTON, Dec. 15, 2015 /PRNewswire/ -- The DUG Rockies conference and exhibition takes place March 9-11, 2016 in Denver at the Colorado Convention Center. Hart Energy has renamed its Denver-based conference from DUG Bakken & Niobrara to DUG Rockies to reflect changes in the field and increase the event's geographic focus. "The expanded conference will cover activity across the Rocky Mountains and Northern Great Plains and in the many reservoirs and plays that make this a prolific and [Read more]

Panhandle Oil and Gas Inc. Announces Dividend Payment and Sets Annual Shareholder Meeting Date

OKLAHOMA CITY, Dec. 15, 2015 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its Dec. 9, 2015 meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on March 4, 2016, to shareholders of record on Feb. 19, 2016. Further, the Board of Directors set the date of its annual meeting of shareholders for Thursday, March 10, 2016. The meeting will be held at The Oklahoma History Center, 800 Nazih [Read more]

ESG Solutions Offers Market Leading Induced Seismicity Monitoring System through Acquisition of Spectraseis Inc.

HOUSTON, Dec. 15, 2015 /PRNewswire/ -- ESG Solutions, an industry leader in microseismic services and technology, recently acquired Spectraseis Inc., a company on the forefront of surface-based seismic technology in Hydraulic Fracture Monitoring and Induced Seismicity Monitoring (ISM). Quickly and accurately detecting seismicity near to, or associated with, hydraulic fracture operations is key to avoiding costly shutdowns and wellbore damage.  ESG now offers Spectraseis Induced Seismicity [Read more]

Purestream Services Increases Treatment Capacity in the Permian Basin Placing Three Additional Produced Water Re-Use Systems

SALT LAKE CITY, Dec. 15, 2015 /PRNewswire/ -- Purestream Services announced today that the company has a signed a new contract with an operator to treat 10,000 barrels per day of produced and frac water for re-use in the Permian Basin. This contract will increase the total volume of water treated by Purestream Services to 45,000 barrels per day in West Texas.   Purestream placed its first contracted 5,000 barrel per day IGF Plus commercial water treatment system in July of 2014 with another [Read more]