Genesis Energy, L.P. Announces Public Offering of Senior Notes

HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a registered, underwritten public offering of $450,000,000 in aggregate principal amount of senior unsecured notes due 2026. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future [Read More…]

Source: BOE Report

Genesis Energy, L.P. Announces Tender Offer for Any and All of Aggregate Principal Amount of Its 5.750% Senior Notes Due 2021

HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE:GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.750% senior unsecured notes due 2021 that we co-issued with our subsidiary, Genesis Energy Finance Corporation. As of December 4, 2017, $350,000,000 aggregate principal amount of the notes [Read More…]

Source: BOE Report

Marquee Energy Ltd. Announces Credit Facility Amendment

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 1, 2017 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) announces that its lender has completed their semi-annual review of the Company's credit facility.  As part of such review, the credit facility remains at $12 million, [Read More…]

Source: BOE Report

Saskatchewan, Montana, Wyoming, North Dakota sign MOU on carbon capture, storage

Saskatchewan and three U.S. states have signed a memorandum of understanding on carbon capture and storage. The three-year agreement, signed at the Western Governors’ Association meeting in Arizona, says Montana, Wyoming, North Dakota and Saskatchewan governments want to reduce greenhouse gas emissions while aiming to improve strategic and diverse energy production. The four will share [Read More…]

Source: BOE Report

Icahn wants to probe SandRidge books, records

(Reuters) – Activist investor Carl Icahn has asked to inspect certain books and records of SandRidge Energy Inc, according to a regulatory filing on Friday, a day after he called the company’s bid for Bonanza Creek Energy Inc “value-destroying”. Icahn seeks to investigate the compensation of SandRidge’s senior management, including Chief Executive James Bennett, the [Read More…]

Source: BOE Report

Canada Weekly Rig Count Up 7 to 222

Western Canada’s fleet of drilling rigs went up by 7 to the current count of 222 actively drilling rigs according to data collected by Baker Hughes for the week of December 1st. From one week ago, Alberta rig counts increased from 153 to 162, the Saskatchewan rig count remained at 32. Oil drilling went up [Read More…]

Source: BOE Report

Magellan Midstream Launches Open Season for Proposed Crude Oil Pipeline from the Permian and Eagle Ford Basins to Corpus Christi and Houston

TULSA, Okla., Dec. 1, 2017 /PRNewswire/ — Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it intends to develop a new pipeline and has launched an open season to assess customer interest to transport various grades of crude oil and condensate from the Permian and Eagle Ford Basins to multiple destinations in the Corpus [Read More…]

Source: BOE Report

WPX Energy Adds President’s Title to Company’s COO

TULSA, Okla.–(BUSINESS WIRE)–WPX Energy (NYSE: WPX) has named Clay M. Gaspar as president effective Dec. 1, 2017, in addition to his current role as the company’s chief operating officer. Gaspar and the balance of WPX’s senior leadership will continue reporting directly to Rick Muncrief, WPX’s chairman and chief executive officer. Gaspar joined WPX in October 2014 as [Read More…]

Source: BOE Report

MEG Energy expects to produce more oil in 2018

Canadian oil sands producer MEG Energy Corp said on Friday it expects higher production in 2018, compared to its 2017 forecast. The company expects to produce 85,000 to 88,000 barrels per day (bpd) next year, compared to its 2017 forecast of 80,000 to 82,000 bpd. MEG Energy expects capital expenses of C$510 million ($396.02 million) [Read More…]

Source: BOE Report

Bonterra Energy Corp. Confirms Cash Dividend for November 2017 Payable December 29th, 2017

CALGARY, Alberta, Dec. 01, 2017 (GLOBE NEWSWIRE) — Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the November 2017 monthly cash dividend will be $0.10 per share and will be paid on December 29th, 2017.  The record date for the dividend is December 15th, 2017 and the ex-dividend date is December 14th, 2017.  The dividend is [Read More…]

Source: BOE Report

MEG Energy announces 2018 capital investment plan supporting production to 100,000 bpd, sets the stage for continued growth in 2019

All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Dec. 1, 2017 /CNW/ – MEG Energy Corp. (TSX:MEG) announced today its 2018 capital investment plan and operational guidance. Highlights include: A 2018 capital budget of $510 million, 24% of which is directed towards the completion of the Phase 2B eMSAGP growth [Read More…]

Source: BOE Report