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Kolibri Global Energy Inc. Announces Proved Reserves With Net Present Value of US$483 Million

Retrieved on:

Thursday, March 21, 2024

Oil, Gas, Energy, Net, Growth, National instrument, PDP, TSX, SCOOP, KEI, Reserve, NSAI, Probability, NPV, Cryptocurrency

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI), is providing the results of its December 31, 2023, independent reserves evaluation.

Key Points:

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI), is providing the results of its December 31, 2023, independent reserves evaluation.
Our percentage of PDP versus Total Proved reserves increased to 24% from 18% last year as we continued to convert our proved undeveloped reserves into cash generating PDP wells.
We are also pleased that the Net Present Value (“NPV”) of the PDP reserves increased by 11% even as the forecast pricing used in the reserve report decreased compared to the prior year.
“Our Proved Reserves value of US$482.6 million (NPV discounted at 10%), decreased by 6% from the 2022 independent reserves evaluation.

Evolution Petroleum Announces Acquisition of Non-operated Oil and Gas Assets

Retrieved on:

Tuesday, January 9, 2024

Evolution expects to fund the acquisition with cash on hand and borrowings from EPM’s revolving credit facility.

Key Points:

Evolution expects to fund the acquisition with cash on hand and borrowings from EPM’s revolving credit facility.
Production of approximately 1,550 barrels of oil equivalent per day (“BOEPD”) and commodity mix of 42% oil, 15% natural gas liquids, and 43% natural gas as of the effective date.
This is a significant achievement for our Company and demonstrates our ability to successfully procure high-quality assets in a core basin with best-in-class operating parties.
Evolution plans to post a presentation highlighting additional details of the Acquisitions on the Company's website this evening: www.evolutionpetroleum.com .

Gulfport Energy Reports Third Quarter 2023 Financial and Operating Results

Retrieved on:

Tuesday, October 31, 2023

Oil, Gas, Energy, NYSE, Tax, Share repurchase, Carbon, Acquisition, Maintenance, SCOOP, Gulfport, Transport, Bicycle, Renewable energy

Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and operating results for the three months ended September 30, 2023 and provided an update on its 2023 development plan and financial guidance.

Key Points:

Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and operating results for the three months ended September 30, 2023 and provided an update on its 2023 development plan and financial guidance.
We have elected to reinvest these savings into our high-quality assets, increasing our operated working interests and adding incremental activity in both the Utica and SCOOP.
Includes lease operating expense, transportation, gathering, processing and compression expense and taxes other than income.
The table below summarizes Gulfport's operated drilling and completion activity for the third quarter of 2023:

Kolibri Global Energy Inc. Net Present Value of Proved Reserves Increased 43% to US$515 Million

Retrieved on:

Monday, March 13, 2023

Oil, Gas, Energy, Sewell, Possibility, NPV, PDP, Net, SCOOP, NSAI, TSX, National instrument, Reserve, Probability, KEI, Cryptocurrency

Wolf Regener, President and CEO, commented: “We are very pleased that the net present value of all categories of our reserves has significantly increased.

Key Points:

Wolf Regener, President and CEO, commented: “We are very pleased that the net present value of all categories of our reserves has significantly increased.
Our Proved Developed Producing (‘PDP’) reserves grew by over 69% as a result of the five wells that we drilled and completed last year, and the Net Present Value (‘NPV’) of those reserves increased by 159%.
Due to our successful development program, our percentage of PDP versus Total Proved reserves increased from 10% to 18%, and the estimated percentage of oil increased from 72% to 75% in the proved category.
“Our Proved Reserves value of US$514.8 million (NPV discounted at 10%), which increased 43% from the 2021 independent reserves evaluation, demonstrates the value of our Tishomingo Field.

Mark McCollum and Shawn Williams Elected to Marathon Oil Corporation Board of Directors

Retrieved on:

Monday, October 31, 2022

HOUSTON, Oct. 31, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has elected Mark A. McCollum to the board of directors, effective Dec. 1, 2022, and has elected Shawn D. Williams to the board of directors, effective Feb. 1, 2023.

Key Points:

HOUSTON, Oct. 31, 2022 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has elected Mark A. McCollum to the board of directors, effective Dec. 1, 2022, and has elected Shawn D. Williams to the board of directors, effective Feb. 1, 2023.
"We are excited to welcome Mark and Shawn to Marathon's board of directors," said chairman, president and CEO Lee Tillman.
Mr. McCollum has served on the board of directors of Westlake Corporation since May 2018, and the board of directors of Seadrill Limited since February 2022.
Mr. Williams has also served on the board of directors of Kirby Corporation since July 2021, and on the board of directors of Tetra Technologies, Inc. since March 2021.

Brigham Minerals, Inc. Schedules Third Quarter 2022 Earnings Release for November 3, 2022

Retrieved on:

Tuesday, October 18, 2022

Professional Services, Mining, Minerals, Oil, Gas, Energy, Finance, Natural Resources, Permian, NYSE, Mineral, Acquisition, STACK, Anadarko Basin, SCOOP, Oil, Brigham

Brigham Minerals, Inc. (NYSE: MNRL) (Brigham Minerals or the Company), a leading mineral and royalty interest acquisition company, plans to announce third quarter 2022 operating and financial results after market close on Thursday, November 3, 2022.

Key Points:

Brigham Minerals, Inc. (NYSE: MNRL) (Brigham Minerals or the Company), a leading mineral and royalty interest acquisition company, plans to announce third quarter 2022 operating and financial results after market close on Thursday, November 3, 2022.
Due to the pending merger, Brigham Minerals will not host a conference call.
Brigham Minerals is an Austin, Texas based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States.
Brigham Minerals assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota.

WhiteHawk Capital Partners Provides $41 Million Credit Facility to Latshaw Drilling Company, LLC

Retrieved on:

Tuesday, October 4, 2022

Banking, Professional Services, Finance, Permian, Solution, Whitehawk, Industry, Oppenheimer, Trimaran Capital Partners, Growth, SCOOP, LLC, Acquisition, Company, Financial services, Latshaw, LP

WhiteHawk Capital Partners, LP (WhiteHawk), a private credit investment manager focused on asset-based financing solutions, announced that it has entered into an agreement with Latshaw Drilling Company, LLC (Latshaw or the Company) to provide a $41 million asset-based credit facility.

Key Points:

WhiteHawk Capital Partners, LP (WhiteHawk), a private credit investment manager focused on asset-based financing solutions, announced that it has entered into an agreement with Latshaw Drilling Company, LLC (Latshaw or the Company) to provide a $41 million asset-based credit facility.
We are proud to have the support of partners who understand our business and the importance of our industry, said Trent Latshaw, Latshaw Founder and President.
WhiteHawk Capital Partners, LP is a private credit investment manager focused on asset-based financing solutions primarily to middle market private and public companies across a variety of industries.
WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge, and DIP/emergence.

Doug Lawler Promoted to President & COO at Continental Resources

Retrieved on:

Thursday, August 18, 2022

Permian, CLR, Continental Resources, Industry, NYSE, STACK, Technology, Anadarko Basin, Leadership, Board, Director, Knowledge, Powder River Basin, Continental, Company, Culture, SCOOP, Oil, Management

OKLAHOMA CITY, Aug. 18, 2022 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) today announced Doug Lawler is being promoted to President and Chief Operating Officer.

Key Points:

OKLAHOMA CITY, Aug. 18, 2022 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) today announced Doug Lawler is being promoted to President and Chief Operating Officer.
Doug joined Continental in February as Chief Operating Officer and Executive Vice President following three decades in the oil and gas industry.
"Since joining Continental in February, Doug has provided strong complementary leadership and is making a stellar impact on our already strong operations.
Doug exemplifies our 'culture of the possible' daily with his positive, can-do approach that is among the best in the business.

Brigham Minerals, Inc. Schedules Second Quarter 2022 Earnings Conference Call for August 5, 2022

Retrieved on:

Friday, July 15, 2022

Mining, Minerals, Natural Resources, Permian, SCOOP, Mineral, STACK, Anadarko Basin, Oil, Baking, Brigham

Brigham Minerals is an Austin, Texas based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States.

Key Points:

Brigham Minerals is an Austin, Texas based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States.
Brigham Minerals assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota.
The Companys primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in its existing assets as well as leveraging its highly experienced technical evaluation team to continue acquiring minerals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220715005485/en/

Freehold Royalties Ltd. Announces New Board Members

Retrieved on:

Wednesday, June 1, 2022

CALGARY, Alberta, June 01, 2022 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) is pleased to announce the appointments of Sylvia Barnes and Valerie Mitchell to the Board of Directors.

Key Points:

CALGARY, Alberta, June 01, 2022 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) is pleased to announce the appointments of Sylvia Barnes and Valerie Mitchell to the Board of Directors.
She currently is a Board Member at StoneBridge Acquisition Corp. (NASDAQ: APACU) and has been a Board Member at Teekay LNG Partners LP, Ultra Petroleum Corporation, Pure Acquisition Corp., SandRidge Energy, Inc. and Halcon Resources Corporation.
Her board expertise includes environmental, social and governance (ESG), audit, compensation, risk management and conflict committee matters.
Both individuals have a wealth of knowledge and experience to complement the skills and experience of our current Board members, said Marvin Romanow, the Chair of the Board.