BOE Report

Rice Energy Announces Drop Down of Water Services Business to Rice Midstream Partners

CANONSBURG, Pa., Nov. 5, 2015 /PRNewswire/ -- Rice Energy Inc. (NYSE: RICE) ("Rice") today announced that Rice Midstream Partners LP (NYSE: RMP) ("RMP" or the "Partnership") has acquired the water services business of Rice's wholly-owned subsidiary, Rice Midstream Holdings LLC ("Midstream Holdings"), for $200 million at closing plus a $25 million earn out to be paid upon achievement of certain increases in connected water sources. This acquisition includes Midstream Holdings' Pennsylvania and [Read more]

Penn West Announces its Financial and Operational Results for the Third Quarter Ended September 30, 2015

CALGARY, Nov. 5, 2015 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the third quarter ended September 30, 2015. All figures are in Canadian dollars unless otherwise stated.       Three months ended September 30     Nine months ended September 30   2015 2014  % change     2015 2014  % change Financial (millions, [Read more]

Pacific Announces Third Quarter 2015 Results: Successful Oil Price Hedging and Sustainable Cost Cutting Strengthen Balance Sheet and Mitigate Weak Pricing

TORONTO, Nov. 5, 2015 /PRNewswire/ - Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today the release of its unaudited consolidated financial statements for the quarter ended September 30, 2015, together with its Management Discussion and Analysis ("MD&A"). These documents will be posted on the Company's website at www.pacific.energy, SEDAR at www.sedar.com, and the SIMEV website at www.superfinanciera.gov.co/web_valores/Simev. A corporate presentation relating to [Read more]

Azure Midstream Partners, LP Reports Third Quarter 2015 Financial Results

DALLAS, Nov. 5, 2015 /PRNewswire/ -- Azure Midstream Partners, LP (NYSE: AZUR) ("Azure" or the "Partnership"), announced financial and operating results for the three months ended September 30, 2015. Adjusted EBITDA for the third quarter 2015 was $10.5 million and distributable cash flow was $7.9 million, or $0.36 per limited partner unit. The Partnership recognized a net loss of ($216.4) million for the quarter, due in large part to the goodwill impairment discussed below. Adjusted EBITDA and [Read more]

Bellatrix Exploration Ltd. Announces Third Quarter 2015 Financial Results

TSX, NYSE: BXE CALGARY, Nov. 5, 2015 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the three and nine months ended September 30, 2015.  This press release contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the [Read more]

Sunoco LP Announces 3Q 2015 Financial and Operating Results and 10th Consecutive Distribution Increase

HOUSTON, Nov. 4, 2015 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced financial and operating results for the three months ended September 30, 2015. Pro forma Adjusted EBITDA attributable to partners totaled $148.7 million, compared with Adjusted EBITDA attributable to partners of $14.0 million in the third quarter of 2014.  Third quarter pro forma Adjusted EBITDA attributable to partners excludes July pre-acquisition earnings for Susser Holdings Corporation [Read more]

C&J Energy Services Announces Third Quarter 2015 Results

HAMILTON, Bermuda, Nov. 4, 2015 /PRNewswire/ -- C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($455.0 million), or ($3.89) per diluted share, on revenue of $427.5 million for the third quarter of 2015, and an Adjusted Net Loss (1) of ($76.5 million), or ($0.65) per diluted share(1).  Adjusted Net Loss(1) excludes: a $367.8 million, or $3.15 per diluted share, after-tax impairment charge; a $5.2 million, or $0.05 per diluted share, after-tax charge related to costs associated [Read more]

ARC Resources Ltd. Announces Board Chair Succession

CALGARY, Nov. 4, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") today announced that Mr. Mac Van Wielingen will be stepping down as Chair of the Board of Directors on December 31, 2015. Mr. Van Wielingen will continue as a board member until ARC's 2016 Annual General Meeting. Mr. Van Wielingen was one of the founders of ARC and has been a dedicated board member since the Company's inception in 1996. He was instrumental in establishing ARC's successful business model and culture, [Read more]

ARC Resources Ltd. Announces a $550 Million Capital Program for 2016 Focused on Continued Long-Term Value Creation and Balance Sheet Strength

CALGARY, Nov. 4, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved a $550 million capital program for 2016 that focuses on balance sheet strength and long-term value creation through continued development of ARC's low-cost, high-value Montney crude oil, liquids-rich gas and natural gas assets. ARC expects year-over-year annual average production rates to increase approximately five per cent in 2016 from 2015 levels. Myron Stadnyk, [Read more]

ARC Resources Ltd. Announces Strong Third Quarter Results Featuring Sunrise Gas Plant Commissioning

CALGARY, Nov. 4, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its third quarter 2015 operating and financial results. Third quarter production averaged 107,261 boe per day and funds from operations were $174.9 million ($0.51 per share). ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2015 and 2014, are available on [Read more]