XTO Energy

HUGOTON ROYALTY TRUST DECLARES OCTOBER CASH DISTRIBUTION

Retrieved on: 
Friday, October 21, 2022
Sale, Fraudulent conveyance, Lawyer, Annual report, Income, XTO Energy, Panel, Trustee, Exercise, XTO, Conveyance, Bookkeeping, Life insurance, Oil, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • XTO Energy has advised the Trustee that it has deducted development costs of $405,000, production expense of $1,724,000 and overhead of $997,000 in determining the royalty calculation for the Trust for the current month.
  • XTO Energy has advised the Trustee that it has elected to participate in the development of a non-operated well in Major County, Oklahoma.
  • Excess costs on any individual conveyance would not affect net proceeds to the Trust on any of the other remaining conveyances.

HUGOTON ROYALTY TRUST DECLARES SEPTEMBER CASH DISTRIBUTION

Retrieved on: 
Tuesday, September 20, 2022
Income, XTO Energy, Trustee, Sale, Unit, XTO, Conveyance, Exercise, Annual report, Fraudulent conveyance, Panel, Lawyer, Security (finance), Lease, Life insurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • The Trustee held a Special Meeting of unitholders on December 10, 2021 for the purpose of approving the sale of assets.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • Excess costs on any individual conveyance would not affect net proceeds to the Trust on any of the other remaining conveyances.

ASCENT RESOURCES, LLC ANNOUNCES CLOSING OF UTICA SHALE BOLT-ON ACQUISITION

Retrieved on: 
Friday, August 5, 2022
Acquisition, Hand, LLC, Utica Shale, XTO Energy, Ascent, ExxonMobil, Forward-looking statement, Natural gas

OKLAHOMA CITY, Aug. 5, 2022 /PRNewswire/ -- Ascent Resources, LLC (together with its subsidiaries, "Ascent" or the "Company") announced today that it has closed on the previously announced bolt-on acquisition with XTO Energy, a subsidiary of ExxonMobil Corporation, in the Utica Shale in Ohio for a total purchase price of $270 million, subject to customary closing purchase price adjustments.

Key Points: 
  • OKLAHOMA CITY, Aug. 5, 2022 /PRNewswire/ -- Ascent Resources, LLC (together with its subsidiaries, "Ascent" or the "Company") announced today that it has closed on the previously announced bolt-on acquisition with XTO Energy, a subsidiary of ExxonMobil Corporation, in the Utica Shale in Ohio for a total purchase price of $270 million, subject to customary closing purchase price adjustments.
  • Ascent financed the transaction with a combination of cash on hand and borrowings under its revolving credit facility.
  • Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil properties located in the Utica Shale in southern Ohio.
  • With a continued focus on good corporate citizenship, Ascent is committed to delivering low-cost clean-burning energy to our country and the world, while reducing environmental impacts.

HUGOTON ROYALTY TRUST DECLARES JULY CASH DISTRIBUTION

Retrieved on: 
Tuesday, July 19, 2022
Trustee, Lawyer, Income, Panel, Exercise, Unit, Fraudulent conveyance, Conveyance, Sale, XTO Energy, Annual report, XTO, Security (finance), Life insurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • The Trustee held a Special Meeting of unitholders on December 10, 2021 for the purpose of approving the sale of assets.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • However, after the partial recovery, there were no remaining proceeds from the properties underlying the Kansas net profits interests to be included in the current month's distribution.

MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2022

Retrieved on: 
Monday, June 27, 2022
Permian, Acquisition, Annual report, BOE, MXC, GLOBE, Company, U.S. Securities and Exchange Commission, XTO Energy, Hand, Form, Private Securities Litigation Reform Act, NYSE, Regulation, Delaware Basin, Chesapeake Energy, Safe harbor, Intention, Income, Security (finance), Online gambling, Oil

MIDLAND, TX, June 27, 2022 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2022.

Key Points: 
  • MIDLAND, TX, June 27, 2022 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2022.
  • Operating revenues in fiscal 2022 were $6,587,780, an increase of 135% when compared to fiscal 2021 operating revenues of $2,799,004.
  • Approximately 23% of the fiscal 2022 revenues were produced from royalties free of operational costs to Mexco.
  • For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) 682-1119.

Black Stone Minerals, L.P. Reports First Quarter Results

Retrieved on: 
Monday, May 2, 2022
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Board, Optimism, Table, Black Stone, Black Stone Minerals, Adjustment, Aethon, EBITDA, Company, NYSE, Contract, Delaware Basin, Natural gas, Compliance, Haynesville, Austin Chalk, Loss, Income, XTO Energy, Austin, Texas, BSM, Coal, Video game, Security (finance), Online gambling, Lithium, Potash

Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2022.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2022.
  • Distributable cash flow was $92.6 million for the first quarter, an increase of 30% relative to the fourth quarter of 2021.
  • Black Stone Minerals reported mineral and royalty volume of 29.6 MBoe/d (71% natural gas) for the first quarter of 2022, compared to 35.2 MBoe/d for the fourth quarter of 2021 and 31.1 MBoe/d for the first quarter of 2021.
  • Black Stone reported oil and gas revenue of $151.6 million (50% oil and condensate) for the first quarter of 2022, a decrease of 5% from $158.9 million in the fourth quarter of 2021.

HUGOTON ROYALTY TRUST DECLARES NO APRIL CASH DISTRIBUTION

Retrieved on: 
Tuesday, April 19, 2022
Fraudulent conveyance, Panel, XTO, Trustee, Annual report, Conveyance, Unit, Sale, Simmons Bank, XTO Energy, Income, Exercise, Lawyer, Oil, Security (finance), Life insurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, has paid expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

HUGOTON ROYALTY TRUST DECLARES NO MARCH CASH DISTRIBUTION

Retrieved on: 
Monday, March 21, 2022
Exercise, Sale, XTO Energy, Simmons Bank, Panel, Conveyance, Fraudulent conveyance, XTO, Income, Trustee, Annual report, Lawyer, Unit, Oil, Security (finance), Credit, Reinsurance, Life insurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

HUGOTON ROYALTY TRUST DECLARES NO FEBRUARY CASH DISTRIBUTION

Retrieved on: 
Thursday, February 17, 2022
Trustee, Income, XTO, Conveyance, Annual report, XTO Energy, Unit, Sale, Panel, Lawyer, Fraudulent conveyance, Simmons Bank, Exercise, Oil, Security (finance), Credit, Reinsurance, Life insurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

Mexco Energy Corporation Reports Financial Results for Third Quarter

Retrieved on: 
Tuesday, February 8, 2022
Permian, Private Securities Litigation Reform Act, GLOBE, Safe harbor, XTO Energy, Income, Regulation, Intention, Company, Hand, Delaware Basin, NYSE, MXC, Natural gas, Acquisition, Holding company, Gasoline

Operating revenues in the third quarter of fiscal 2022 increased 128% to $1,595,344 from $699,894 for the third quarter of fiscal 2021.

Key Points: 
  • Operating revenues in the third quarter of fiscal 2022 increased 128% to $1,595,344 from $699,894 for the third quarter of fiscal 2021.
  • Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties primarily in the Permian Basin.
  • Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.
  • For additional information, please contact: Nicholas C. Taylor, Chairman and Chief Executive Officer or Tammy L. McComic, President and Chief Financial Officer, both at Mexco Energy Corporation, (432) 682-1119.