Petroleum & Resources Corporation

California Resources Corporation Announces January Investor Conference Participation

Retrieved on: 
Monday, December 18, 2023

California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following events in January 2024:

Key Points: 
  • California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following events in January 2024:
    Goldman Sachs Global Energy and Clean Tech Conference on January 4 to 5 in Miami, FL
    TD Global Energy Conference on January 8 to 9 in London, UK
    RBC Capital Markets Energy Transition: The Future of Carbon Capture Seminar on January 8 in London, UK
    UBS Global Energy and Utilities Conference on January 9 to 10 in Park City, UT
    Bank of America Clean: 2024 Carbon Capture & Sequestration Mini-Conference on January 10, Virtual

California Resources Corporation Announces December Investor Conference Participation

Retrieved on: 
Friday, November 10, 2023

California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following event in December 2023:

Key Points: 
  • California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following event in December 2023:
    Morgan Stanley Energy & Clean Tech Symposium on December 6 in New York City, NY

Permian Resources Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, November 7, 2023

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis.

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis.
  • Additionally, the Board has declared a quarterly variable cash dividend of $0.07 per share of Class A common stock.
  • Combined, the base and variable dividends represent a total of $0.12 per share.
  • The base and variable dividends are payable on November 28, 2023 to shareholders of record as of November 20, 2023.

Earthstone Energy, Inc. Reports 2023 Third Quarter and Year-to-Date Financial Results

Retrieved on: 
Wednesday, November 1, 2023

THE WOODLANDS, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we”, “our” or “us”), today announced financial and operating results for the three and nine months ended September 30, 2023.

Key Points: 
  • THE WOODLANDS, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we”, “our” or “us”), today announced financial and operating results for the three and nine months ended September 30, 2023.
  • On October 30, 2023, at the special meeting of stockholders of Earthstone, the stockholders of Earthstone approved the previously disclosed merger agreement with Permian Resources Corporation and the transactions contemplated thereby (the “Merger Agreement”), among other proposals.
  • The parties to the Merger Agreement expect the Mergers to close on or about November 1, 2023, subject to other customary closing conditions.
  • (2) Net income (GAAP) represents the sum of Net Income attributable to Earthstone Energy, Inc., plus the Net income attributable to noncontrolling interest.

California Resources Corporation Reports Strong Third Quarter 2023 Financial Results, Announces 10% Increase in Quarterly Dividend and Meaningfully Advances its Carbon Management Business

Retrieved on: 
Wednesday, November 1, 2023

California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results.

Key Points: 
  • California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results.
  • We see a number of new and exciting developments for CRC as we continue to build a different kind of energy company."
  • CRC expects its fourth quarter 2023 total capital to range between $70 to $76 million under current operating conditions.
  • During the fourth quarter of 2023, CRC expects to invest approximately $10 to $20 million for additional land easements to expand its carbon management business.

Earthstone Declares Cash Dividend

Retrieved on: 
Monday, October 23, 2023

THE WOODLANDS, Texas, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”), today announced that its Board of Directors declared a cash dividend of $0.1446 per share of Class A and Class B common stock.

Key Points: 
  • THE WOODLANDS, Texas, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”), today announced that its Board of Directors declared a cash dividend of $0.1446 per share of Class A and Class B common stock.
  • The dividend is payable on November 6, 2023, to shareholders of record as of October 31, 2023 who hold their shares through the closing of Earthstone’s previously announced merger with Permian Resources Corporation (NYSE: PR) (“Permian Resources”).
  • The special dividend is conditioned upon the closing of the transaction and is being declared in accordance with the terms of the merger agreement, which provides that (a) the record date of the special dividend will be the close of business on the business day immediately preceding the closing date and (b) the special dividend will be paid three business days after the closing date.
  • Accordingly, the record date and payment date may change based on the actual closing date of the transaction.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, BHRB, CEQP

Retrieved on: 
Sunday, October 8, 2023

If you are an Earthstone shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an Earthstone shareholder, click here to learn more about your rights and options .
  • Summit Financial Group, Inc. (NASDAQ: SMMF)’s sale to Burke & Herbert Financial Services Corp. for 0.5043 shares of Burke & Herbert common stock for each share of Summit common stock.
  • If you are a Summit shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

California Resources Corporation Schedules Third Quarter 2023 Earnings Conference Call

Retrieved on: 
Monday, October 2, 2023

California Resources Corporation (NYSE: CRC) plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close.

Key Points: 
  • California Resources Corporation (NYSE: CRC) plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close.
  • The Company will hold a conference call to discuss these financial results on Thursday, November 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10182061/fa45058ce0 .
  • To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com .

EARTHSTONE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Earthstone Energy, Inc. - ESTE

Retrieved on: 
Thursday, September 28, 2023

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Earthstone Energy, Inc. (NYSE: ESTE) to Permian Resources Corporation (NYSE: PR).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Earthstone Energy, Inc. (NYSE: ESTE) to Permian Resources Corporation (NYSE: PR).
  • Under the terms of the proposed transaction, shareholders of Earthstone will receive 1.446 shares of Permian for each share of Earthstone that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, RPT

Retrieved on: 
Thursday, September 28, 2023

If you are an Earthstone shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an Earthstone shareholder, click here to learn more about your rights and options .
  • RPT Realty (NYSE: RPT)’s sale to Kimco Realty for 0.6049 of a newly-issued Kimco share for each RPT share.
  • If you are a RPT shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.