Monthly Archives: April 2018

A climate change breakthrough – 90 percent of oil sands oil will never leave the ground. So please adjust environmental agendas, thanks

A while back, a long while back, the US declared a “war on drugs” in an attempt to shrink the illegal drug trade. In the “ready, fire, aim” way that governments specialize in, they attacked the problem like a donkey attacks a Rubik’s cube. That was in 1971. Today, the “war” remains in the sense of [Read More…]

Source: BOE Report

Matador Resources Company Announces Date of First Quarter 2018 Earnings Release

DALLAS–(BUSINESS WIRE)–Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2018 operational and financial results after the close of trading on Wednesday, May 2, 2018. Management will also host a live conference call on Thursday, May 3, 2018 at 9:00 a.m. Central Time to review first quarter 2018 [Read More…]

Source: BOE Report

Enerplus Announces Cash Dividend for May 2018

CALGARY, April 19, 2018 /CNW/ – Enerplus Corporation (“Enerplus”) (TSX & NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on May 15, 2018 to all shareholders of record at the close of business on April 30, 2018. The ex-dividend date for this payment is April 27, 2018. [Read More…]

Source: BOE Report

EMGS: Approved Prospectus and commencement of Subscription Period


Source: BOE Report

Akastor ASA: Invitation to presentation of first quarter results 2018

Akastor ASA will publish its first quarter 2018 results on Thursday May 3, 2018 at 7:00 a.m. CET. The presentation will be available through a conference call and audiocast only, at 8:00 a.m. CET. The presentation will be audiocasted live, and available through a dial-in conference call. There will be a Q&A session following the [Read More…]

Source: BOE Report

Four U.S. States Generate Over 30% Of Their Electricity From Wind

Wind power generated a record 6.3-percent share of total U.S. electricity last year, with four states generating more than 30 percent of their electricity from wind power, the American Wind Energy Association (AWEA) said in its newly released U.S. Wind Industry Annual Market Report 2017. In 2016, wind accounted for almost 6 percent of the U.S. ...


Alberta Plan to Cut Oil Shipments Would Ripple Across West Coast (Wednesday, 18 April 2018)

Alberta’s plan to cut crude and fuel shipments to British Columbia could ripple across the entire west coast of North America, causing pump prices to surge and shifting the flow of international crude.

Legislation introduced Monday would allow oil-rich Alberta to curb the flow of crude and fuel if neighboring British Columbia doesn’t drop its opposition to Kinder Morgan’s Trans ...

Source: The latest Oil and Gas Industry News - from

U.S. Shale Output to Rise by 125,000 bpd in May (Wednesday, 18 April 2018)

U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico.

Total oil output is set to rise by 125,000 barrels per day (bpd) to 7 million bpd, the EIA said ...

Source: The latest Oil and Gas Industry News - from

SandRidge Energy Announces Board of Director Changes and Nomination of Directors for Election at 2018 Shareholder Meeting

OKLAHOMA CITY, April 18, 2018 /PRNewswire/ — SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today announced that Michael L. Bennett, who has served on the Board since October 2016, has been appointed Chairman, replacing John V. Genova who has elected to retire from the Board, effective immediately.  The Company also announced the appointment [Read More…]

Source: BOE Report

Venezuelan Oil Enters The Disaster Zone

The decline of Venezuela’s oil production for the foreseeable future has been assumed, and to a large extent, already priced into the market. However, an acceleration in the rate of decline is possible, and a few recent developments raise the odds that such a disaster will become a reality. Reuters reported that state-owned PDVSA is completely falling apart, with workers ...


Kinder Morgan Canada’s quarterly profit down 5 pct on lower transported volumes

Kinder Morgan Canada Ltd ,operator of the Trans Mountain pipeline, reported on Wednesdayan 5.1 percent drop in first-quarter profit hurt by a fall involumes of crude oil and refined products transports. Kinder Morgan Canada, which was spun off from parent KinderMorgan Inc in May last year, reported a net income ofC$44.4 million ($35.17 million) for [Read More…]

Source: BOE Report

Kinder Morgan Canada sees continued risk on oil pipeline expansion

Kinder Morgan Canada Ltd saidon Wednesday that its Trans Mountain oil pipeline expansionproject was facing "unquantifiable risk" due to the BritishColumbia government's continued opposition and reported a 5.1percent drop in first-quarter earnings. British Columbia said on Wednesday that it would file alegal challenge in the province to determine whether it has thejurisdiction to stop the [Read More…]

Source: BOE Report

WildHorse Resource Development Corporation Prices $200 Million Offering of Additional 6.875% Senior Notes due 2025

HOUSTON–(BUSINESS WIRE)–WildHorse Resource Development Corporation (NYSE: WRD) announced today the pricing of its previously announced private placement to eligible purchasers of $200 million in aggregate principal amount of its 6.875% Senior Notes due 2025 at an issue price of 102.00% of par. The senior notes are being offered as additional notes to the $500 million [Read More…]

Source: BOE Report

Approach Resources Inc. Schedules First Quarter 2018 Earnings Conference Call for Thursday, May 3, 2018

FORT WORTH, Texas–(BUSINESS WIRE)–#approachresources–Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Thursday, May 3, 2018, at 10:00 AM CT (11:00 AM ET) to discuss first quarter 2018 financial and operating results. The Company plans to announce first quarter 2018 results on Wednesday, May 2, 2018, after close of trading. The conference call [Read More…]

Source: BOE Report

Kinder Morgan Canada Limited Declares Dividends and Announces Results for First Quarter of 2018

Seeks Clarity on Path Forward, Shareholder Protection on Trans Mountain Expansion Project CALGARY, April 18, 2018 /CNW/ – The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the first quarter of 2018 of $0.1625 per restricted voting share ($0.65 annualized), payable on May 15, 2018, to restricted voting shareholders of [Read More…]

Source: BOE Report

The Secret of the Great American Fracking Bubble

Natural gas drilling well pad in Wyoming

In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry's next boom, made possible by advances in fracking, which broke open fossil fuels from shale formations around the U.S.


Source: DeSmogBlog

Is Saudi Arabia’s Geopolitical Pivot Good For Oil?

The phrase “becoming all things to all people,” might also apply to modern-day Saudi Arabia. The world’s largest oil exporter, defacto OPEC leader and the third largest oil producer finds itself in new territory over a host of issues. In its bid to challenge Iran for dominance in the Middle East, the Kingdom has set a hard line against virtually ...


EIA: US Oil Inventories Drop On Strong Demand

Gasoline stocks dropped by 3 million bbl, compared with analysts' expectations in a Reuters poll for a 227,000-bbl drop. Distillate stockpiles decreased 3.1 million bbl, vs. expectations for a 268,000-bbl draw, the EIA data showed, putting overall inventories of these products, which include diesel, heating oil and jet fuel, at levels not seen seasonally since 2014. "This may be one of ...

Source: Feeds

Pennsylvania Sets Up Grant Program With ETP Mariner East 2 Fine

Pennsylvania regulators said on April 17 they will set up a grant program with the $12.6 million that Energy Transfer Partners LP paid as a penalty for permit violations during construction of the Sunoco Mariner East 2 NGL pipeline. The grants will be available for projects that reduce or minimize pollution and protect clean water in the 85 municipalities ...

Source: Feeds

Pengrowth Provides Clarification With Regards to NYSE Listing

CALGARY, Alberta, April 18, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is providing a clarification to its news release dated April 18, 2018 regarding the listing of shares on the New York Stock Exchange (NYSE). It is the intention of the Company to continue trading on the NYSE until the end of the [Read More…]

Source: BOE Report