Eagle Ford Group

SilverBow Resources Mails Letter to Shareholders Highlighting Proven M&A Strategy Overseen by Highly Experienced Board

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月曜日, 5月 6, 2024
Oil, Gas, Energy, CFO, E&P, ISS, Annual general meeting, Eagle Ford Group, Eagle Ford, Dallas, Glass Lewis, Acquisition, Corporate title, KeyBank, PV-10, Letter, Eagle, Management

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
  • The full text of the letter follows:
    SilverBow Resources recently released outstanding first quarter financial and operating results, demonstrating the merits of our business strategy and the value that is being delivered by our prior acquisitions.
  • Our performance in the market is directly attributable to a proven strategy, strong management and an experienced Board of Directors.
  • Additionally, all nine have had board experience at other public companies, including, but not limited to, at E&P, oilfield services or midstream companies.

Murphy Oil Corporation Announces First Quarter 2024 Financial and Operational Results, Reaffirms 2024 Production and Capital Expenditure Guidance Ranges

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木曜日, 5月 2, 2024
Energy, Other Energy, Oil, Gas, Internet, Duvernay, Keathley, EDT, MP, News, Depreciation, Eagle Ford Group, Murphy Oil, CALL, CAPEX, Public expenditure, Tax, AECO, Daenerys Targaryen, NCI, Share repurchase, MUR, Telephone, GAAP, Growth, Calendar, Green

Eagle Ford Shale – Production averaged 29 MBOEPD with 71 percent oil volumes and 86 percent liquids volumes in the first quarter.

Key Points: 
  • Eagle Ford Shale – Production averaged 29 MBOEPD with 71 percent oil volumes and 86 percent liquids volumes in the first quarter.
  • As planned, Murphy completed drilling its 13-well program during the quarter, with all wells coming online in second quarter 2024.
  • Excluding NCI, in the first quarter of 2024, the offshore business produced approximately 79 MBOEPD, which included 84 percent oil.
  • Production for second quarter 2024 is estimated to be in the range of 176 to 184 MBOEPD with 93 MBOPD, or 51 percent, oil volumes.

Paradigm by Puloli™ Announces Customers in Eagle Ford

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木曜日, 2月 29, 2024
SAN, Senior, Service level, SLA, Weather, Internet of things, LDAR, Service-level agreement, Software as a service, Eagle Ford Group, Paradigm, 24/7 service, Methane, Risk management

SAN FRANCISCO, Feb. 29, 2024 /PRNewswire/ -- Paradigm by Puloli™ , an IoT Solutions-as-a-Service provider, today announced customers for its Paradigm M-Series™ Continuous Methane Monitoring Solution across the Eagle Ford Shale in South Texas.

Key Points: 
  • SAN FRANCISCO, Feb. 29, 2024 /PRNewswire/ -- Paradigm by Puloli™ , an IoT Solutions-as-a-Service provider, today announced customers for its Paradigm M-Series™ Continuous Methane Monitoring Solution across the Eagle Ford Shale in South Texas.
  • After rigorous pilot programs conducted last year, Paradigm is thrilled to announce the successful deployment of the end-to-end 24x7 continuous methane monitoring service for its customers in the region.
  • Moreover, the solution provides invaluable independent third party attested data for certifications and regulatory compliance, empowering these customers to operate with confidence and integrity.
  • Paradigm continues to redefine industry standards by providing a superior way to monitor methane emissions at scale using IoT paradigm.

Texas Capital Expands ETF Portfolio with Two New Innovative Offerings

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木曜日, 12月 21, 2023
Permian, Texas Capital Bank, Fund, Capital Bank, GDP, ETF, Trust, Railroad Commission of Texas, Index, Corporation, Eagle Ford Group, Security (finance)

DALLAS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the launch of the Texas Capital Texas Small Cap Equity Index ETF (NASDAQ: TXSS) and the Texas Capital Texas Oil Index ETF (NYSE Arca: OILT).

Key Points: 
  • DALLAS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the launch of the Texas Capital Texas Small Cap Equity Index ETF (NASDAQ: TXSS) and the Texas Capital Texas Oil Index ETF (NYSE Arca: OILT).
  • The TXSS ETF will track the performance of the Texas Capital Texas Small Cap Equity Index, a sector GDP weighted and market-capitalization weighted diversified index designed primarily to reflect the performance of stocks in small-capitalization companies headquartered in Texas.
  • “We are strategically broadening our ETF offerings, granting global investors unparalleled access to the dynamic investment opportunities in the Lone Star State,” said Edward Rosenberg, head of ETF & Funds Management for Texas Capital and president of the Texas Capital Funds Trust.
  • The Fund’s portfolio is managed by J. Steven Orr, the chief investment officer of Texas Capital Bank Private Wealth Advisors, and Carlos Pena, Texas Capital ETF & Funds Management’s portfolio manager.

Freehold Royalties Announces Third Quarter Results With Increased U.S. Production

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水曜日, 11月 8, 2023
Permian, Environment, Eagle Ford Group, Freehold, Eagle Ford, Dallas, WTI, US, Geography, Oil, Airline

Funds from operations totalled $65.3 million ($0.43/share(1)), this compares to $53.0 million ($0.35/share(1)) in the previous quarter.

Key Points: 
  • Funds from operations totalled $65.3 million ($0.43/share(1)), this compares to $53.0 million ($0.35/share(1)) in the previous quarter.
  • The sequential revenue increase was driven primarily by a higher commodity price environment and growing U.S. production.
  • Freehold’s corporate realized price of $61.55/boe was down 17% versus Q3-2022 but up 14% versus the previous quarter.
  • For the quarter Freehold issued 24 leases with 13 counterparties and recorded lease bonuses of $1.1 million.

ConocoPhillips Reports Third-Quarter 2023 Results; Announces 14% Increase in Quarterly Ordinary Dividend

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木曜日, 11月 2, 2023
Energy, Other Energy, Oil, Gas, Permian, Sale, BOE, NYSE, Steam, Public expenditure, Gate, CPF2, Eagle Ford, Dallas, Acquisition, VROC, Eagle Ford Group, LNG, Depreciation, CFO, Investment, ConocoPhillips, Cryptocurrency, Holding company, Mobile phone, Airline, Bank, Surmont

And today we announced a 14% increase in our quarterly ordinary dividend, consistent with our long-term objective to deliver top quartile growth relative to the S&P 500."

Key Points: 
  • And today we announced a 14% increase in our quarterly ordinary dividend, consistent with our long-term objective to deliver top quartile growth relative to the S&P 500."
  • Increased the quarterly ordinary dividend by 14% to $0.58 per share.
  • ConocoPhillips announced a quarterly ordinary dividend of $0.58 per share, payable Dec. 1, 2023, to stockholders of record at the close of business on Nov. 14, 2023.
  • Beginning in the first quarter of 2024, ConocoPhillips plans to pay its quarterly ordinary dividend and VROC concurrently and will announce such payments in the same quarter they will be paid.

Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results

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水曜日, 11月 1, 2023
Other Natural Resources, Other Energy, Mining, Minerals, Oil, Gas, Energy, Natural Resources, Austin Chalk, Eagle Ford, Dallas, Share repurchase, GAAP, Acquisition, Bank statement, D&C, Common stock, Eagle Ford Group, Growth, Common, Interest, Webcast, Class, Karnes, Video game, Rare-earth element, Car rental, Bank, Fine chemical, Risk management, Cryptocurrency

Magnolia reported third quarter 2023 net income attributable to Class A Common Stock of $102.0 million, or $0.54 per diluted share.

Key Points: 
  • Magnolia reported third quarter 2023 net income attributable to Class A Common Stock of $102.0 million, or $0.54 per diluted share.
  • Total production in the third quarter of 2023 grew 1% sequentially to 82.7 thousand barrels of oil equivalent per day (“Mboe/d”).
  • Includes $1.2 million of share repurchases incurred during the third quarter, but settled during the fourth quarter of 2023, and excludes $1.1 million of share repurchases incurred during the second quarter, but settled during the third quarter of 2023.
  • Magnolia will host an investor conference call on Thursday, November 2, 2023 at 10:00 a.m. Central (11:00 a.m. Eastern) to discuss these operating and financial results.

Murphy Oil Corporation Announces Third Quarter 2023 Financial and Operating Results, Advances Capital Allocation Framework, Increases Share Repurchase Authorization, Raises Full Year 2023 Production Guidance

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木曜日, 11月 2, 2023
Oil, Gas, Energy, Duvernay, NCI, NYSE, Workover, Terra Nova, Tax, EDT, MP, National Oil Corporation, Paon DP, Public expenditure, EBITDA, CAPEX, Telephone, Share repurchase, News, GAAP, Acquisition, CALL, Internet, Natural gas, Commercial mortgage, Senior, Murphy Oil, Eagle Ford Group, Borrowing base, Depreciation, AECO, MUR, Oso, Calendar, Cryptocurrency, Management, Bookkeeping, Bank, Petroleum, Gulf of Mexico, Murphy

Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.

Key Points: 
  • Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.
  • During the third quarter, Murphy repurchased $75 million, or 1.7 million shares outstanding, at an average price of $44.53 per share.
  • Subsequent to the quarter, the share repurchase authorization was increased by $300 million, and Murphy now has $525 million remaining.
  • As previously disclosed, the capital allocation framework defines Murphy 1.0 as when long-term debt exceeds $1.8 billion.

SilverBow Resources Announces Third Quarter 2023 Results

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水曜日, 11月 1, 2023
Oil, Gas, Energy, Adjustment, Line of credit, NYSE, International, Mortgage law, Austin Chalk, NGL, Public expenditure, EBITDA, T&P, Eagle Ford, Dallas, Corporation, News, Form, Acquisition, Conference, Atlas, Eagle Ford Group, Transport, Internet, Chesapeake Energy, Statistics, LOE, Henry Hub, Webcast, Finance Secretary (India), Central Time, Capital expenditure, Credit, Primary Dealer Credit Facility, FCF, Table, WTI, Natural gas, Rare-earth element, Cryptocurrency, Bank, Renewable energy, Airline, Reinsurance, Gulf Coast of the United States, Iranian Central Oil Fields Company

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.
  • Net oil production for the third quarter of 2023 averaged 15,326 Bbls/d, an increase of 81% compared to the third quarter of 2022.
  • As of October 27, 2023, SilverBow had 79% of total production hedged for the remainder of 2023, using the midpoint of guidance.
  • Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's Third Quarter 2023 Earnings Conference Call or by visiting the Company's website.

Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings

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火曜日, 9月 5, 2023
Energy, Professional Services, Oil, Gas, Finance, Eagle Ford, Dallas, MGY, EBITDA, Austin Chalk, Acquisition, Eagle Ford Group, Knowledge, Hand, NYSE, Bookkeeping

Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments.

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments.
  • Enhances Giddings Asset Quality and Scale – Acquisition adds approximately 48,000 net acres in Giddings (96% operated, 91% working interest), enhancing Magnolia’s already significant depth of development opportunities.
  • Combined with a smaller acquisition that closed in July 2023, Magnolia’s position in Giddings now totals over 500,000 net acres, driving further efficiencies of scale.
  • High-Margin Production – Magnolia expects production of approximately 5,000 Boe/d (greater than 70% oil) at closing.