XTO

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.

WHITECAP RESOURCES INC. ANNOUNCES 2023 CAPITAL BUDGET FOCUSED ON SHAREHOLDER RETURNS

Retrieved on: 
Tuesday, September 27, 2022
Carbon, Glauconite, CO2, Safety, Federal, WTI, Montney, British Columbia, Policy, Legislation, EBITDA, Quality Wines Produced in Specified Regions, Director, Achievement, Industry, Investment, EOR, Weyburn, Time, COVID-19, Company, Acquisition, Growth, New energy, ERH, Pandemic, Public expenditure, Production, Propane, Transport, WCP, Failure, Risk, TC Energy, Barrel of oil equivalent, Intention, Share repurchase, Atlas, Board of directors, Board, AB, Marketing, SEDAR, National instrument, Disclosure, Light, Health, TSX, Epidemic, Wells, XTO, Natural gas, Ethane, Oil, Bank, Public utility, Security (finance), Risk management, Whitecaps, Central Alberta, AECO

CALGARY, AB, Sept. 27, 2022 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce its 2023 capital investment budget of $900 - $950 million and average production guidance of 170,000 172,000 boe/d1 (64% liquids), resulting in significant free funds flow for elevated shareholder returns in 2023.

Key Points: 
  • CALGARY, AB, Sept. 27, 2022 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce its 2023 capital investment budget of $900 - $950 million and average production guidance of 170,000 172,000 boe/d1 (64% liquids), resulting in significant free funds flow for elevated shareholder returns in 2023.
  • The 2023 budget has average production at the mid-point and capital investment at the low end of our preliminary guidance which is expected to result in increased free funds flow and returns to shareholders.
  • Highlights of the 2023 budget include:
    Significant Free Funds Flow.
  • Our 2023 budget takes a balanced approach to near-term free funds flow generation and increasing returns to shareholders along with the continued focus on maximizing profitability and shareholder returns over the long term.

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.

ExxonMobil to Sell Its Share of Aera Energy Joint Venture

Retrieved on: 
Thursday, September 1, 2022
Energy, Professional Services, Oil, Gas, Finance, Carbon, Exxon, Solution, View, Sale, Energy factor, Corporation, Quality of life, Investment, Lubricant, XTO, ExxonMobil, Aera Energy, LLC, Investor, Shell, Natural gas, Mobil, Petroleum, Esso, AERA

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobils interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.

Key Points: 
  • ExxonMobil affiliates have signed an agreement to sell all of ExxonMobils interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.
  • In addition, ExxonMobil affiliates have entered into a separate agreement for the sale of an associated loading facility and pipeline system.
  • Mobil California Exploration & Producing Company holds a 48.2% share of Aera Energy LLC and a 50% share of Aera Energy Services Company, a joint venture with Shell.
  • ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet societys evolving needs.

WHITECAP RESOURCES INC. REPORTS STRONG SECOND QUARTER RESULTS AND RECORD FUNDS FLOW PER SHARE

Retrieved on: 
Thursday, July 28, 2022
Acquisition, Pandemic, Industry, Legislation, Current, Disclosure, Epidemic, Ethane, Ratio, Health, Risk, Risk management, Marketing, Failure, Board, Safety, COVID-19, Barrel of oil equivalent, News, Quality Wines Produced in Specified Regions, Achievement, XTO, Montney, British Columbia, SEDAR, Company, Board of directors, Transport, Hydrocarbon, WTI, Propane, Atlas, Light, Natural gas, Program, National instrument, Public expenditure, EBITDA, Security (finance), Oil, Airline, Renewable energy, Bank, Whitecaps

Second quarter production of 132,293 boe/d was higher than our internal forecast of 128,000 130,000 boe/d and increased 13% per share compared to Q2/21.

Key Points: 
  • Second quarter production of 132,293 boe/d was higher than our internal forecast of 128,000 130,000 boe/d and increased 13% per share compared to Q2/21.
  • Second quarter funds flow of $677 million or $1.08 per share was up 35% as compared to the prior quarter and 151% as compared to Q2/21.
  • Dividends paid during the second quarter were $56 million or $0.09 per share, which were 20% and 94% higher on a per share basis than Q1/22 and Q2/21, respectively.
  • 1 Funds flow, funds flow basic ($/share), funds flow diluted ($/share) and net debt are capital management measures.

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.

ExxonMobil Announces Sale of Interests in Montney and Duvernay Canadian Assets

Retrieved on: 
Wednesday, June 29, 2022
Other Natural Resources, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Natural Resources, Carbon, View, Solution, Exxon, RBC Capital Markets, Energy factor, COVID-19, Lubricant, Sale, ExxonMobil, Annual report, Mobil, Corporation, Investor, Investment, Natural gas, Quality of life, Risk, XTO, Form 10-K, Canada, Petroleum, Oil, Esso

ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.

Key Points: 
  • ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.
  • The sale completes the marketing effort announced in January, and is consistent with ExxonMobils strategy to focus upstream resources on key assets to deliver long-term value to shareholders.
  • The assets include 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta.
  • RBC Capital Markets acted as exclusive financial advisor to Imperial and ExxonMobil Canada in connection with the transaction.

ExxonMobil Methanol to Jet Technology to Provide New Route for Sustainable Aviation Fuel Production

Retrieved on: 
Monday, June 20, 2022
Technology, Air, Engineering, Transport, Chemicals, Plastics, Other Technology, Oil, Gas, Aerospace, Manufacturing, Energy, Carbon, Hydrogen, Lubricant, Exxon, Solution, SAF, ExxonMobil, XTO, Technology, Methanol, View, Government, LinkedIn, Alcohol, Energy factor, Mobil, Policy, Corporation, Quality of life, CCS, Twitter, Carbon dioxide, Biomass, Renewable energy, Petroleum, Esso

ExxonMobil today announced a unique process technology to enable the manufacture of sustainable aviation fuel (SAF) from renewable methanol.

Key Points: 
  • ExxonMobil today announced a unique process technology to enable the manufacture of sustainable aviation fuel (SAF) from renewable methanol.
  • ExxonMobil is engineering proprietary methanol to jet technology that will produce SAF when renewable methanol is used as feedstock.
  • SAF produced from renewable methanol can play an important role in helping the aviation industry achieve the transition to a net-zero future.
  • Methanol to jet technology is scalable and suitable for the conversion of methanol produced from today's world-scale plants.

NextMart, Inc. - Planned Acquisition of New Mexico Water Rights

Retrieved on: 
Thursday, June 9, 2022
Permian, Risk management, Doe v. Exxon Mobil Corp., Pink sheet, Goal, Company, LLC, Transport, EMCO, Devon, PR Newswire, CEO, Nature, Delaware General Corporation Law, Noble Energy, Private Securities Litigation Reform Act, Acquisition, OTC Markets Group, OXY, Industry, ConocoPhillips, Water, Cimarex Energy, XTO, View, EOG, Oil, Occidental

The acquisition of more New Mexico water rights is in direct response tothe current fast-growing needs of its current clients, and new clients that are coming on board, due to the increased oil and gas activity in the Permian Basin.

Key Points: 
  • The acquisition of more New Mexico water rights is in direct response tothe current fast-growing needs of its current clients, and new clients that are coming on board, due to the increased oil and gas activity in the Permian Basin.
  • Water stations provide a vital source of water needed to drill oil and gas wells.
  • This new revenue stream can be expanded as we endeavor to develop additional water stations in our market."
  • View original content (Emco Oilfield Services, LLC Acquisition - Dated: January 21, 2022 -Credit to PRNewswire): https://www.prnewswire.com/news-releases/nextmart-inc--acquisition-of-oi...

ExxonMobil to Sell Barnett Shale Assets for $750 Million

Retrieved on: 
Thursday, May 19, 2022
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Carbon, Employment, Energy factor, Annual report, Mobil, ExxonMobil, Investment, View, Form 10-K, Solution, Quality of life, Investor, COVID-19, BKV, Exxon, XTO, Lubricant, Sale, Risk, Petroleum, Oil, Barnett Shale, Esso

ExxonMobil said today it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices.

Key Points: 
  • ExxonMobil said today it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices.
  • ExxonMobil removed the Barnett Shale gas assets operated by its subsidiaries XTO Energy Inc. and Barnett Gathering LLC from its development plan in 2020.
  • As part of the agreement, all employees with ExxonMobil subsidiaries in the Barnett Shale will receive full employment offers with BKV.
  • ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world.