Permian

Royale Energy Announces Operations Update on the Permian Basin Joint Development Agreement

Retrieved on: 
Donnerstag, Mai 30, 2024
Permian, Royale, ROYL, Interest, JDA, SAN, Joint, OTCQB, BOPD

SAN DIEGO, May 30, 2024 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB: ROYL) is pleased to announce new progress on its Joint Development Agreement (JDA) with Ares Energy LTD, located in the Permian Basin, Texas.

Key Points: 
  • SAN DIEGO, May 30, 2024 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB: ROYL) is pleased to announce new progress on its Joint Development Agreement (JDA) with Ares Energy LTD, located in the Permian Basin, Texas.
  • The Company currently has 4 producing wells in this project with 2 more wells in the process of getting completed on this acreage.
  • Royale recently received an unsolicited offer from one of the major oil companies operating in this area to purchase its ownership in this project.
  • Johnny Jordan, Royale’s Chief Executive Officer, commented, “We are very pleased with the performance of the wells drilled under the Joint Development Agreement with Ares Energy.

Glancy Prongay & Murray LLP Announces Investigation of Permian Resources Corp. (PR) (f/k/a Centennial Resource Development, Inc.)

Retrieved on: 
Freitag, Mai 31, 2024
Class Action Lawsuit, Professional Services, Legal, Permian, Helmsley Building, Suite, GPM

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Permian Resources Corp. (NYSE: PR) (f/k/a Centennial Resource Development, Inc.) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Permian Resources Corp. (NYSE: PR) (f/k/a Centennial Resource Development, Inc.) concerning the Company and its directors’ and officers’ possible violations of state laws.
  • If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240531901111/en/

Chevron Updates Stockholders at Annual Meeting

Retrieved on: 
Mittwoch, Mai 29, 2024
Oil, Gas, Energy, Permian, News, Risk, Chevron Corporation, Weather, CVX, Hydrogen, Legislation, Petroleum, Accident, Climate change, Gulf of Mexico, Service, Organization, ACES, Corporation, Hess Corporation, Epidemic, Marketing, Carbon, Annual report, Pandemic, Failure, Professional corporation, Tax, ROCE, Government, Lubricant, Acquisition, Natural gas, Annual general meeting

Chevron Corporation (NYSE: CVX) today provided an overview of the company’s business performance and plans at its 2024 Annual Meeting of Stockholders.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today provided an overview of the company’s business performance and plans at its 2024 Annual Meeting of Stockholders.
  • “Chevron continues to deliver strong operational performance, maintain cost and capital discipline and consistently return cash to shareholders,” said Michael Wirth, Chevron’s chairman and CEO.
  • “Our financial priorities remain unchanged – grow the dividend, invest capital efficiently, maintain a strong balance sheet and return excess cash to stockholders,” Wirth said.
  • Specific information about the proposals before Chevron stockholders this year may be found in the “Investors” section of the company’s website under “Stockholder Services – Annual Meeting Materials.”
    Chevron is one of the world’s leading integrated energy companies.

Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction

Retrieved on: 
Dienstag, Mai 28, 2024
Energy, Other Energy, Oil, Gas, Transfer, Permian, Transport, Vinson & Elkins, NGL, Energy Transfer Partners, RBC Capital Markets, Sidley Austin, Jefferies Group, DCF, Texas Gulf Coast, Diamondback Energy, Acquisition, Natural gas, Plant, Multimedia, WTG

Energy Transfer LP (NYSE: ET) and WTG Midstream, LLC (WTG) announced today that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, Inc.

Key Points: 
  • Energy Transfer LP (NYSE: ET) and WTG Midstream, LLC (WTG) announced today that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, Inc.
  • Consideration for the transaction will be comprised of $2.45 billion in cash and approximately 50.8 million newly issued Energy Transfer common units.
  • The transaction is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions.
  • RBC Capital Markets is serving as financial advisor to Energy Transfer, and Vinson & Elkins LLP is acting as Energy Transfer’s legal counsel on the transaction.

Teako Minerals Announces Commencement of Regional Summer Exploration Program

Retrieved on: 
Dienstag, Mai 21, 2024
Permian, Partnership, News, Machine learning, Anomaly, Metallurgy, Weather, Phosphorus, Titanium, Documentation, Geology, Rare-earth element, Labour, Iron, NGU, Oslo Graben, OIP, Society, European, University, XRF, LPC, Press release, Critical, Sandefjord, REE, Annual report, Geochemistry, Soil, Map, Geological Survey of Norway, Central Labour Service

Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce the commencement of its regional 2024 summer exploration program in southern Norway and initially focusing on the Hulderdalen, Kvelde, Moelva and Kiste project areas (the "Sandefjord Program")(Figure 1), all of which form part of the previously announced Project Hub (the "Hub Projects") (see News Releases dated March 12, 2024, and May 16, 2024). The Sandefjord program is focused primarily on the evaluation of apatite (phosphate) and Rare Earth Element ("REE")-bearing igneous complexes, and the main objectives are to identify and prioritize those areas requiring additional detailed work programs and to advance toward drill target generation.

Key Points: 
  • Teako commences its 2024 summer exploration program in southern Norway.
  • P-REE-Fe-Ti mineralization has previously been identified within the Company's Hulderdalen claims at the Kodal Minerals' former Southern Mineralization Zone.
  • Mr. Roth has 35 years of experience in international minerals exploration and mining project evaluation.
  • We have so far secured very large areas in 2024, which puts Teako in a strategically unique position in Norway.

Key Energy Services Reports Asset Acquisition

Retrieved on: 
Sonntag, Mai 19, 2024
Permian, Endeavour

HOUSTON, May 19, 2024 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”) today announced the purchase of substantially all the assets of the well servicing division of Endeavor Energy Resources, L.P. (“Endeavor”) in an all-cash transaction effective May 19, 2024.

Key Points: 
  • HOUSTON, May 19, 2024 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key” or the “Company”) today announced the purchase of substantially all the assets of the well servicing division of Endeavor Energy Resources, L.P. (“Endeavor”) in an all-cash transaction effective May 19, 2024.
  • Key will continue support Endeavor’s well servicing needs in the Permian Basin with these assets.
  • Key’s President and Chief Executive Officer, Marshall Dodson, stated, “We are excited about this transaction and the great people and assets we have added to our team.
  • I’m pleased to say that even with the challenges of increasing activity and a growing employee base, Key is working safer than at any time in its 45-year history.”
    Dodson concluded, “I would like to thank the Key employees for all of their dedication and efforts not only for the constant drive to make every job we do at Key incident free, but also for the improvements in our financial position over the past several years.”

Permian Resources Completes Liquidation of Lynden Energy Corp. by Making Application to Cease to be a Reporting Issuer in Canada

Retrieved on: 
Freitag, Mai 24, 2024
Energy, Other Energy, Oil, Gas, Permian, Security (finance), Ontario Securities Commission, Bank statement, OSC, Acquisition, BCSC, Nature

Lynden was a Canadian subsidiary of Earthstone, and Permian Resources is completing the liquidation to simplify its corporate structure and reduce go forward tax obligations, as contemplated at the time of the Earthstone acquisition.

Key Points: 
  • Lynden was a Canadian subsidiary of Earthstone, and Permian Resources is completing the liquidation to simplify its corporate structure and reduce go forward tax obligations, as contemplated at the time of the Earthstone acquisition.
  • This liquidation is administrative in nature and has no impact on the Company’s previously announced financial and operational results and guidance.
  • If the Order Sought is granted by the BCSC and the OSC, Permian Resources will cease to be a reporting issuer in any jurisdiction in Canada.
  • All such periodic and current disclosures of Permian Resources filed with the SEC are publicly available to all shareholders of Permian Resources under Permian Resources’ profile at www.sec.gov .

Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital

Retrieved on: 
Montag, Mai 20, 2024
Professional Services, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Finance, Permian, Philip, Hart–Scott–Rodino Antitrust Improvements Act, HSR, Phillips 66

Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and processing footprint in the Midland Basin.

Key Points: 
  • Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and processing footprint in the Midland Basin.
  • “We are growing our Midstream business in the Permian to further strengthen and expand our service offerings to customers while driving operational and commercial synergies,” said Mark Lashier, Chairman and CEO of Phillips 66.
  • “Pinnacle is a bolt-on asset that advances our wellhead-to-market strategy and complements our diversified and integrated asset portfolio.
  • “Pinnacle has established itself as one of the premier midstream providers in the Midland Basin, with a top-notch talented team, first-class operations and infrastructure, and world-class customers,” said J. Greg Sargent, CEO of Pinnacle.

JMR Services® and A-Plus P&A Close Previously-Announced Merger and Acquire BCM & Associates, Creating the Leading Pure-Play P&A Service Provider in the Nation

Retrieved on: 
Mittwoch, Mai 15, 2024
Energy, Professional Services, Business, Oil, Gas, Permian, Methane, CFO, Growth, BCM, Acquisition, Multimedia, JMR, Record, Management

JMR Services (“JMR”) today announced the closing of its previously-announced merger with A-Plus P&A LLC (“A-Plus”) and subsequently acquired BCM & Associates, Inc. (“BCM”), resulting in the largest pure-play, full-service plug and abandonment (“P&A”) service provider in the nation.

Key Points: 
  • JMR Services (“JMR”) today announced the closing of its previously-announced merger with A-Plus P&A LLC (“A-Plus”) and subsequently acquired BCM & Associates, Inc. (“BCM”), resulting in the largest pure-play, full-service plug and abandonment (“P&A”) service provider in the nation.
  • With yards in Midland, Texas, and Hobbs, New Mexico, the acquisition continues expanding upon JMR’s leading footprint in the Permian, Denver-Julesburg, and San Juan Basins.
  • “It marks a pivotal moment in the P&A sector, as customers increasingly value established, safety-focused contractors that ensure improved service and operational efficiency.
  • With a strong balance sheet and minimal leverage, we're poised to expand JMR's service line into new basins, driving our growth initiative forward.