BOE Report

W&T Offshore Announces Third Quarter 2015 Financial Results, Operations Update and 2015 Guidance

HOUSTON, Nov. 4, 2015 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today reported its third quarter 2015 operations and financial results, as well as its 2015 full year production and expense guidance.  Some of the key items include: Production for the third quarter of 2015 averaged 46,757 barrels of oil equivalent ("Boe") per day (4.3 million Boe for the quarter), 54.9% of which was oil and liquids. Oil production increased 12.2% for the third quarter of 2015 compared to the third quarter [Read more]

Cenovus recognized for leadership in reporting of GHG emissions

CALGARY, Nov. 4, 2015 /PRNewswire/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has been named to the 2015 Canada 200 Climate Disclosure Leadership Index. This is the sixth consecutive year the company has been included in the index, which is published by CDP (formerly known as the Carbon Disclosure Project). "We're honoured to be recognized once again for transparency in the reporting of our CO2 and other greenhouse gas emissions," said Al Reid, Executive Vice-President, Environment, [Read more]

Par Pacific Holdings Reports Strong Third Quarter 2015 Results

HOUSTON, Nov. 4, 2015 /PRNewswire/ -- Par Pacific Holdings, Inc. (NYSE MKT: PARR) ("Par Pacific" or the "Company") today reported results for its third quarter 2015. Net income was $14.7 million, or $0.39 per diluted share, in the third quarter 2015 compared to a net loss of $39.5 million, or $(1.19) per share in the third quarter of 2014. During the third quarter, the Company's Adjusted Net Income was $23.8 million, or $0.64 per diluted share. Adjusted EBITDA for the third quarter was $34.3 [Read more]

SandRidge Energy, Inc. Acquires North Park Basin Niobrara Shale Oil Assets for $190 Million in Cash

OKLAHOMA CITY, Nov. 4, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that it has agreed to acquire the assets of EE3, LLC (EE3) in a privately negotiated transaction for $190 million in cash, pending standard due diligence and post-closing adjustments. The transaction is expected to close in the fourth quarter of 2015. With this acquisition, SandRidge will have a material, derisked Niobrara Shale position in the North Park Basin, Jackson County, Colorado. The Niobrara [Read more]

Breitling Energy CEO Chris Faulkner Advocates Fracking For England’s Abundant Resources at Energy Live 2015

DALLAS, Nov. 4, 2015 /PRNewswire/ -- Breitling Energy Chairman and CEO, Chris Faulkner, will address the Energy Live 2015 conference in London tomorrow, discussing the on-going debate in the UK about whether shale extraction of oil and natural gas could safely be performed in Great Britain. According to a study released last year by the University of Manchester, England could have such a vast gas supply locked up in shale that it could fuel the country's electricity needs for the next four [Read more]

Madalena Announces 374% Increase to Discovered Risked Contingent Resource Estimate for its Vaca Muerta Shale Acreage at Coiron Amargo in Argentina

CALGARY, Alberta, Nov. 4, 2015 /PRNewswire/ --Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce the results of its independent resource reports effective as at September 30, 2015. The Company has been advancing its key resource plays in Argentina with the goal of converting estimated Prospective Resources to Contingent Resources via a focused delineation program on certain core area Vaca Muerta Shale and Lower Agrio Shale assets. The Company [Read more]

John Fox, Co-Founder Of MarkWest Hydrocarbon, Issues Open Letter To The Board Of Directors Of MarkWest Energy Opposing Proposed Merger With MPLX LP

DENVER, Nov. 4, 2015 /PRNewswire/ -- John M. Fox, the co-founder of MarkWest Hydrocarbon, former CEO, Chairman and Director of MarkWest Energy GP, L.L.C. ("MarkWest GP"), the general partner of MarkWest Energy Partners, L.P. ("MarkWest"), and beneficial owner of 1,361,774 MarkWest common units, today released the following open letter to the board of directors of MarkWest GP regarding the proposed merger with MPLX LP.  In the letter, Mr. Fox states that he intends to vote the common units [Read more]

Chesapeake Energy Corporation Reports 2015 Third Quarter Financial And Operational Results

OKLAHOMA CITY, Nov. 4, 2015 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today reported financial and operational results for the 2015 third quarter. Highlights include: Production averaged approximately 667,000 boe per day, an increase of 3% year over year, adjusted for asset sales Adjusted net loss of $0.05 per fully diluted share and adjusted ebitda of $560 million 2015 total production guidance increased to 670 – 680 mboe per day 2015 production expense and general and [Read more]

Patterson-UTI Reports Drilling Activity for October 2015

HOUSTON, Nov. 4, 2015 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of October 2015, the Company had an average of 92 drilling rigs operating in the United States and four rigs in Canada.  Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling [Read more]

Evolution Petroleum Declares Cash Dividend on 8.5% Series A Preferred Stock

HOUSTON, Nov. 3, 2015 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of November 2015 and is payable on November 30, 2015 to holders of record at the close of business on November 16, 2015.  The payment will be 1/12th of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation [Read more]