BOE Report

UH Law Center joins Mexican oil and gas agency in mutual training and education pact

HOUSTON, Nov. 19, 2015 /PRNewswire-USNewswire/ -- The University of Houston Law Center (UHLC) and Mexico's National Hydrocarbons Commission (CNH) recently launched a partnership that offers internships to law students while providing training and education in international energy law to Mexican energy officials. The agreement between the Law Center and CNH will be administered by the school's Center for U.S. and Mexican Law. CNH is a national oil and gas agency responsible for development of [Read more]

Refiners Chevron, Tesoro, and Valero Each Triple California Profits In First Nine Months To Highest Ever; Spike Mirrors Record Lobbying Spending, Says Consumer Watchdog

SANTA MONICA, Calif., Nov. 19, 2015 /PRNewswire-USNewswire/ -- The three major refiners that provide detailed profit information reported their best ever year to date from oil refining in California. Each company at least tripled their average historical profits in the third quarter, according to Consumer Watchdog's analysis released today. The huge increases followed a record year for California gas prices - reaching as high as $1.20 above the national average for the first time in history. [Read more]

Hart Energy’s Successful Executive Oil Conference Ties Its 2014 Attendance Record

HOUSTON, Nov. 19, 2015 /PRNewswire/ -- Almost 1,100 oil and gas industry professionals gathered in the Permian Basin, the undisputed capital of the light oil revolution, for the 21st annual Executive Oil Conference. The successful event took place November 9-10 at the Midland County Horseshoe Pavilion in Midland, Texas. Hart Energy hosted the same number of paid attendees as 2014 (a higher point the business cycle). Themed "Permian Powers On," the Executive Oil Conference's featured 17 [Read more]

Pembina Pipeline Corporation Announces Closing of Bought Deal Financing and Exercise in Full of Over-Allotment Option for Gross Proceeds of $460 Million

CALGARY, Alberta, Nov. 19, 2015 /PRNewswire/ -- Pembina Pipeline Corporation ("Pembina" or the "Corporation") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced bought deal offering of 15,335,250 common shares at a price of $30.00 per share through a syndicate of underwriters (the "Offering"), which includes 2,000,250 common shares issued at the same price on the exercise in full of the over-allotment option granted to the underwriters. The aggregate gross [Read more]

Hugoton Royalty Trust Declares November Cash Distribution

DALLAS, Nov. 19, 2015 /PRNewswire/ -- Southwest Bank, as Trustee of the Hugoton Royalty Trust (NYSE:HGT) (the "Trust"), today declared a cash distribution to the holders of its units of beneficial interest of $0.020592 per unit, payable on December 14, 2015, to unitholders of record on November 30, 2015. 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 [Read more]

Cross Timbers Royalty Trust Declares November Cash Distribution

DALLAS, Nov. 19, 2015 /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 $0.126065 per unit, payable on December 14, 2015, to unitholders of record on November 30, 2015. 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 [Read more]

Evolutionary Times for Traditional European Gas Hub: The Hague Unveiled as Innovative Host City for Major Energy Event

LONDON, November 19, 2015 /PRNewswire/ -- Europe's traditional natural gas hubs and rising contenders are now assessing the vital strategy of supply diversity heading into 2016. As traditional gas sources dwindle, new market sources are competing from North American LNG, increased production in Algeria and Azerbaijan, and future prospects from Iran and Egypt. Major energy companies are vying for increased market share to Europe amidst a backdrop of depressed natural gas prices and calls for the [Read more]

John Fox Responds To Institutional Shareholder Services (ISS) Report On MarkWest And MPLX Merger; Believes Report Raises Important Concerns That Support His Arguments

DENVER, Nov. 19, 2015 /PRNewswire/ -- John M. Fox, the co-founder of MarkWest Hydrocarbon, and former CEO, Chairman and Director of MarkWest Energy GP, L.L.C., the general partner of MarkWest Energy Partners, L.P. ("MarkWest"), today responded to the recommendation made by Institutional Shareholder Services (ISS) on the proposed merger between MarkWest and MPLX LP ('MPLX'). He still believes this is fundamentally a bad deal and believes the report raises important concerns that support his [Read more]

Permian Basin Royalty Trust Announces November Cash Distribution

DALLAS, Nov. 19, 2015 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.021186 per unit, payable on December 14, 2015, to unit holders of record on November 30, 2015. This month's distribution increased from the previous month due to a slight increase in both production and pricing on the Texas Royalty Properties, whereas the Waddell Ranch Properties were in deficit this month and [Read more]

Pembina Pipeline Corporation Announces Closing of Bought Deal Financing and Exercise in Full of Over-Allotment Option for Gross Proceeds of $460 Million

All financial figures are in Canadian dollars. CALGARY, Nov. 19, 2015 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Corporation") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced bought deal offering of 15,335,250 common shares at a price of $30.00 per share through a syndicate of underwriters (the "Offering"), which includes 2,000,250 common shares issued at the same price on the exercise in full of the over-allotment option granted to [Read more]