Federal Lands Jobs and Energy Security Act

Barnwell Industries, Inc. Reports Third Quarter and Nine Months Ended June 30, 2023 Results

Retrieved on:

Friday, August 11, 2023

Permian, Twining, Barnwell, Federal Lands Jobs and Energy Security Act, Form 10-K, Sale, Acquisition, Natural gas, Security (finance), Annual report, NYSE, Cryptocurrency, Oil

HONOLULU, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $717,000, $0.07 per share, and $865,000, $0.09 per share, for the three and nine months ended June 30, 2023, respectively, as compared to net earnings of $2,531,000, $0.25 per share, and $5,656,000, $0.59 per share, for the three and nine months ended June 30, 2022, respectively.

Key Points:

Additionally, our nine-month results included a $201,000 foreign currency gain as the U.S. dollar weakened against the Canadian dollar.
The Company ended the third quarter with $1,581,000 in working capital, which includes $2,572,000 in cash and cash equivalents.
These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements.
Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

Potash Fertilizers Market Size Expected To Reach $41 Billion By 2030 as Demand Explodes

Retrieved on:

Wednesday, July 12, 2023

Well, PALM, Life, Fertilizer, NPK, FOB, Soil, MOP, NEWS, Management, Basse-Banio (department), Environment, News, NYSE, GSP, Executive, Technical report, NTR, OTCQB, FNM, Unit, Research, USD, Warrant, Intrepid Potash, VII, SEDAR, TSX, Growth, Security (finance), The Mosaic Company, Intrepid, NOT, Initiation, Federal Lands Jobs and Energy Security Act, HQ, Market research, Water, IPI, Family, Technical, Indian stock exchange, Food, Bed, MLP, Form 10-K, Nutrien, EDT, Plant, NEVER, Millennials, ANY, Horticulture, Annual report, DAP, Potassium, VI, Potash, Cryptocurrency, Phosphate

PALM BEACH, Fla., July 12, 2023 /PRNewswire/ -- Potash fertilizers help in the overall improvement of plant quality and also increases its shelf life. Potassium is a vital soil element and is one of the key members of the NPK fertilizer family. Natural potassium does not exist in the environment since it responds aggressively to water. Fertilizer potassium is at times called "potash", a term that originates from an early making procedure where potassium was filtered from ashes of woods and concentrated by dissipating the leachate in huge iron pots. A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030. The report said: "In the production of food, potassium is eliminated from the soil in the crops that are harvested and should be replaced keeping in mind the end goal to keep up the crop growth in the future. It also helps to enhance crop yield, improvise taste, and further helps plants to resist diseases. Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables. In terms of form, potash fertilizers are present in liquid & solid forms." Active companies in the markets this week include Millennial Potash Corp. (OTCQB: MLPNF) (TSX-V: MLP), The Mosaic Company (NYSE: MOS), Gensource Potash Corporation (OTCPK: AGCCF) (TSX-V: GSP), Intrepid Potash, Inc. (NYSE:IPI), Nutrien Ltd. (NYSE: NTR) (TSX: NTR).

Key Points:

A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030.
Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables.
The potash fertilizer required depends on the type of crops developed because potassium take-up changes between crops and different soils.
The significant growth trend of the global population indicates an increasing demand for food, and in turn, would drive the demand for potash for the production of fertilizers."

Potash Fertilizers Market Size Expected To Reach $41 Billion By 2030 as Demand Explodes

Retrieved on:

Wednesday, July 12, 2023

PALM BEACH, Fla., July 12, 2023 /PRNewswire/ -- Potash fertilizers help in the overall improvement of plant quality and also increases its shelf life. Potassium is a vital soil element and is one of the key members of the NPK fertilizer family. Natural potassium does not exist in the environment since it responds aggressively to water. Fertilizer potassium is at times called "potash", a term that originates from an early making procedure where potassium was filtered from ashes of woods and concentrated by dissipating the leachate in huge iron pots. A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030. The report said: "In the production of food, potassium is eliminated from the soil in the crops that are harvested and should be replaced keeping in mind the end goal to keep up the crop growth in the future. It also helps to enhance crop yield, improvise taste, and further helps plants to resist diseases. Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables. In terms of form, potash fertilizers are present in liquid & solid forms." Active companies in the markets this week include Millennial Potash Corp. (OTCQB: MLPNF) (TSX-V: MLP), The Mosaic Company (NYSE: MOS), Gensource Potash Corporation (OTCPK: AGCCF) (TSX-V: GSP), Intrepid Potash, Inc. (NYSE:IPI), Nutrien Ltd. (NYSE: NTR) (TSX: NTR).

Key Points:

A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030.
Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables.
The potash fertilizer required depends on the type of crops developed because potassium take-up changes between crops and different soils.
The significant growth trend of the global population indicates an increasing demand for food, and in turn, would drive the demand for potash for the production of fertilizers."

Plaintiff Reaches C$1.5 Million Settlement with Ernst & Young LLP in Canadian Just Energy Group Inc. Securities Litigation

Retrieved on:

Tuesday, July 11, 2023

Ontario Superior Court of Justice, Insurance, EY, Federal Lands Jobs and Energy Security Act, Class, Person, Superior court, Disclosure, Tax, CAD, Energy, Just Energy, Defendant, Court, Plaintiff, Counsel, Ernst & Young, Action

TORONTO, July 11, 2023 /CNW/ - The proposed Court-appointed representative of a class of shareholders of Just Energy Group Inc. ("Just Energy") has reached a settlement with Ernst & Young LLP ("EY") in a proposed securities class action in Canada arising from the circumstances of Just Energy.

Key Points:

TORONTO, July 11, 2023 /CNW/ - The proposed Court-appointed representative of a class of shareholders of Just Energy Group Inc. ("Just Energy") has reached a settlement with Ernst & Young LLP ("EY") in a proposed securities class action in Canada arising from the circumstances of Just Energy.
Pursuant to the settlement, EY will respond to requests to provide information relevant to the ongoing litigation.
The Plaintiff will continue the litigation against Just Energy and its former executives Patrick McCullough and James Brown (the "Just Energy Defendants").
A further notice will be issued to the investors when the settlement proceeds are available for distribution.

Barnwell Industries, Inc. Reports Results for its Second Quarter and Six Months Ended March 31, 2023 and the Declaration of a Cash Dividend

Retrieved on:

Monday, May 15, 2023

Permian, Twining, Capital expenditure, MRMP, Barnwell, Federal Lands Jobs and Energy Security Act, Form 10-K, Border Defence Cooperation Agreement, NED, Sale, Cooperation, Natural gas, Security (finance), Annual report, NYSE, Oil, Holding company

As there were no sales this quarter, the Company received no percentage of sales payments and no cash distributions in the quarter.

Key Points:

As there were no sales this quarter, the Company received no percentage of sales payments and no cash distributions in the quarter.
Capital expenditures incurred for the drilling of these wells and Twining facilities in the six months ended March 31, 2023 totaled approximately $2,236,000.
Capitalized costs, including advances to the operator of those wells, totaled $5,354,000 in the six months ended March 31, 2023.
The expenses related to this agreement of $501,000 are reflected in the results for the three and six months ended March 31, 2023.

Hess Sanctions Uaru Development Offshore Guyana

Retrieved on:

Friday, April 28, 2023

Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals.

Key Points:

Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals.
Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026.
“We are excited to sanction Uaru, our fifth oil development on the Stabroek Block,” CEO John Hess said.
Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.

Hess to Participate in 51st Annual Scotia Howard Weil Energy Conference

Retrieved on:

Thursday, March 2, 2023

Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the 51st Annual Scotia Howard Weil Energy Conference on March 8, 2023 at 11:30 a.m. Eastern Time.

Key Points:

Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the 51st Annual Scotia Howard Weil Energy Conference on March 8, 2023 at 11:30 a.m. Eastern Time.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
More information on Hess Corporation is available at https://www.hess.com/ .
A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.

Barnwell Industries, Inc. Reports Earnings for its First Quarter Ended December 31, 2022 and the Declaration of a Cash Dividend

Retrieved on:

Friday, February 10, 2023

In the three months ended December 31, 2022, Canadian capital expenditures were primarily for the completion and equipping of wells and facilities at Twining and totaled $574,000.

Key Points:

In the three months ended December 31, 2022, Canadian capital expenditures were primarily for the completion and equipping of wells and facilities at Twining and totaled $574,000.
The expenses related to this agreement will be reflected in our results for our second quarter ending March 31, 2023.
Barnwell ended the quarter with $6,747,000 in working capital, including $6,736,000 in cash and cash equivalents.
Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

Range Announces Proved Reserves

Retrieved on:

Wednesday, February 8, 2023

Tax, RRC, Security (finance), NYSE, NGL, Society, Risk, Suite, NYMEX, Transport, Form 10-K, Disclosure, Federal Lands Jobs and Energy Security Act, Devonian, Natural gas, Annual report, Engineering, Oil, Risk management

Year-end 2022 reserves included 7.1 Tcfe of proved undeveloped reserves from 367 wells planned to be developed within the next five years with an expected development cost of $0.41 per mcfe.

Key Points:

Year-end 2022 reserves included 7.1 Tcfe of proved undeveloped reserves from 367 wells planned to be developed within the next five years with an expected development cost of $0.41 per mcfe.
Range also has a network of more than 250 existing well pads that provide Range the opportunity to develop thousands of future wells while utilizing existing roads, pads and infrastructure.
Range has elected not to disclose its probable and possible reserves in its filings with the SEC.
Unproved resource potential does not constitute reserves within the meaning of the Society of Petroleum Engineer’s Petroleum Resource Management System and does not include proved reserves.

Barnwell Industries, Inc. Reports Year-End and Fourth Quarter Results and Entry into a Permian Basin Oil Investment

Retrieved on:

Thursday, December 29, 2022

Permian, Bone, National Iranian Oil Company, Medicine, Form 10-K, Barnwell, Bone Spring Formation, Anadarko Basin, NTU, Natural gas, Acquisition, NYSE, Federal Lands Jobs and Energy Security Act, Annual report, Sale, Oil

Our Oklahoma operations generated $3,496,000 or 15% of our oil and natural gas segment revenues for fiscal 2022.

Key Points:

Our Oklahoma operations generated $3,496,000 or 15% of our oil and natural gas segment revenues for fiscal 2022.
“Contract drilling operating results also decreased $133,000 due to the completion of a significant drilling contract in the prior year period.
The fourth well has been completed and is expected to come online later in our second quarter of fiscal 2023.
Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.