BOE Report

Parallel Energy Files for Protection Under the Companies' Creditors Arrangements Act and Chapter 11 Bankruptcy

CALGARY and TULSA, OK, Nov. 9, 2015 /CNW/ - This morning, Parallel Energy Trust (the "Trust") and its affiliated entities, Parallel Energy Commercial Trust and Parallel Energy Inc. (collectively, the "Canadian Parallel Entities") filed an application for protection under the Companies' Creditors Arrangement Act (the "CCAA") with the Alberta Court of Queen's Bench in Calgary (the "Canadian Court"). Contemporaneously with the Canadian Parallel Entities' CCAA filing, the Trust's [Read more]

Southline Transmission Project Achieves Two Key Milestones; Will Soon Solicit Interest in Transmission Capacity

DALLAS, Nov. 9, 2015 /PRNewswire/ -- Hunt Power, L.P. announced today that its Southline Transmission Project (Southline) has recently achieved two crucial regulatory milestones, clearing the way to begin an open solicitation process for the project's transmission capacity. On Sept. 17, 2015, the Federal Energy Regulatory Commission (FERC) granted a Petition for Declaratory Order (PDO), which was jointly filed in May 2015 by two entities related to the Project – Southline Transmission, L.L.C., [Read more]

Growing Cotton in Texas with Recycled Produced Water

HOUSTON, Nov. 9, 2015 /PRNewswire/ -- Energy Water Solutions ("EWS") today announces the culmination of a six-month project to irrigate a cotton crop in Pecos, Texas, using recycled produced water from nearby oil and natural gas activity in the Delaware Basin.  This cotton-growing project is the first of its kind in Texas and required a groundbreaking coalition of partners to make it happen. The coalition for this project included the Texas Railroad Commission, Texas A&M AgriLife Research, [Read more]

Lifteck enters into Joint Development Agreement with Shell for Artificial Lift Technology

CALGARY, Alberta, Nov. 9, 2015 /PRNewswire/ -- Lifteck International Inc. ("Lifteck") announces it has entered into a Joint Development Agreement (JDA) with Shell Canada LTD ("Shell") to collaborate on development and commercialization of Lifteck's patented Gas Drive Pump (GDP) technology for artificial lift by harvesting reservoir energy. The technology – originally developed and patented by Alberta Innovates Technology Futures and exclusively licensed to Lifteck – uses gas pressure in the [Read more]

Summit Midstream Partners, LP Reports Third Quarter 2015 Financial Results

THE WOODLANDS, Texas, Nov. 9, 2015 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and nine months ended September 30, 2015.  SMLP reported third quarter 2015 adjusted EBITDA of $48.5 million and adjusted distributable cash flow of $34.7 million compared to $53.2 million and $38.0 million, respectively, for the third quarter of 2014.  SMLP reported net income of $23.6 million for the third quarter of 2015 compared to [Read more]

Arch Coal, Inc. Reports Third Quarter 2015 Results

ST. LOUIS, Nov. 9, 2015 /PRNewswire/ -- Earnings Highlights Quarter Ended Nine Months Ended In $ millions, except per share data 9/30/15 9/30/14 9/30/15 9/30/14 Revenues  $688.5 $742.2 $2,010.0 $2,191.9 Loss from Operations  ($2,236.8) ($35.3) ($2,326.0) ($144.2) Net Loss  ($1,999.5) ($97.2) ($2,280.8) ($318.2) Diluted LPS ($93.91) ($4.58) ($107.16) ($15.00) Adjusted Diluted LPS 1 ($3.38) [Read more]

Vitol Investment Partnership Acquires MISC’s Shareholding In VTTI B.V.

LONDON, Nov. 9, 2015 /PRNewswire/ -- VTTI Energy Partners LP (NYSE: VTTI) (the "Partnership") has been informed by VTTI B.V. that Vitol Investment Partnership Limited ("VIP"), an investment vehicle sponsored by Vitol Holding B.V. ("Vitol"), which indirectly owns 50% of VTTI B.V., has acquired MISC Berhad's ("MISC") indirect 50% shareholding in VTTI B.V for cash consideration of $830 million (the "Acquisition").  VIP has acquired the shares through VIP Terminals Finance B.V., a wholly-owned [Read more]

Sequa Petroleum N.V. EGM 14th December 2015 and Ivar Aasen Acquisition Update

LONDON, November 9, 2015 /PRNewswire/ -- The following documents have been circulated to shareholders:  Notice of the Extraordinary General Meeting of Shareholders of Sequa Petroleum N.V.  Shareholders are hereby invited to attend the Extraordinary General Meeting of Shareholders (EGM) of Sequa Petroleum N.V. (the Company), to be held at the 24th floor, Rembrandt Tower, Amstelplein 1 (1096 HA) in Amsterdam, the Netherlands on Monday 14 December  2015 at 14.00 hours p.m. CET. The agenda items [Read more]

Vermilion Energy Inc. Announces Results for the Three and Nine Months Ended September 30, 2015

CALGARY, Nov. 9, 2015 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and nine months ended September 30, 2015. HIGHLIGHTS Record quarterly production of 56,280 boe/d for Q3 2015 exceeded prior quarter production of 51,831 boe/d by 9%.  This quarter-over-quarter increase was primarily attributable to higher production in the Netherlands due to recent [Read more]

AEP Narrows 2016 Operating Earnings Guidance Range, Raises CAPEX Forecast And Reinforces Earnings Growth Strategy

COLUMBUS, Ohio, Nov. 8, 2015 /PRNewswire/ -- American Electric Power (NYSE: AEP) narrowed its 2016 operating earnings (earnings excluding special items) guidance range and reaffirmed its 2015 operating earnings guidance. The company also forecast its capital expenditure budgets for 2016 through 2018. AEP management will discuss the company's financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins today in Hollywood, Florida. AEP [Read more]