Eagle Ford, Dallas

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Both Recommend that SilverBow Resources Shareholders Vote “FOR” the Re-Election of SilverBow’s Three Director Nominees

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星期四, 五月 9, 2024

ISS and Glass Lewis recognize that SilverBow has the right Board and the right strategy to continue to deliver enhanced value for shareholders.

Key Points:

ISS and Glass Lewis recognize that SilverBow has the right Board and the right strategy to continue to deliver enhanced value for shareholders.
The SilverBow Board remains committed to acting in the best interests of the Company and ALL SilverBow shareholders.
SilverBow strongly urges shareholders to follow ISS and Glass Lewis’s recommendations and vote “FOR” the re-election of SilverBow’s three highly qualified director nominees – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler – on the WHITE proxy card today.
If you have already voted using a gold proxy card, you may cancel that vote
simply by voting again using the Company’s WHITE proxy card.

Magnolia Oil & Gas Corporation Announces First Quarter 2024 Results

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星期二, 五月 7, 2024

First quarter D&C capital represented approximately 52% of adjusted EBITDAX and was 15% lower than the prior-year’s first quarter.

Key Points:

First quarter D&C capital represented approximately 52% of adjusted EBITDAX and was 15% lower than the prior-year’s first quarter.
Total production in the first quarter of 2024 grew 7% on a year-over-year basis to 84.8 thousand barrels of oil equivalent per day (“Mboe/d”) including 37.5 thousand barrels per day of oil.
On April 30, 2024, Magnolia acquired oil and gas properties in Giddings from a private operator encompassing roughly 27,000 net acres for approximately $125 million.
Includes $2.9 million of share repurchases incurred during the first quarter, but settled during the second quarter of 2024, and excludes $1.7 million of share repurchases incurred during the fourth quarter of 2023, but settled during the first quarter of 2024.

SilverBow Resources Mails Letter to Shareholders Highlighting Proven M&A Strategy Overseen by Highly Experienced Board

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星期一, 五月 6, 2024

Oil, Gas, Energy, CFO, E&P, ISS, Annual general meeting, Eagle Ford Group, Eagle Ford, Dallas, Glass Lewis, Acquisition, Corporate title, KeyBank, PV-10, Letter, Eagle, Management

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).

Key Points:

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
The full text of the letter follows:
SilverBow Resources recently released outstanding first quarter financial and operating results, demonstrating the merits of our business strategy and the value that is being delivered by our prior acquisitions.
Our performance in the market is directly attributable to a proven strategy, strong management and an experienced Board of Directors.
Additionally, all nine have had board experience at other public companies, including, but not limited to, at E&P, oilfield services or midstream companies.

SilverBow Resources Announces First Quarter 2024 Financial and Operating Results

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星期三, 五月 1, 2024

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2024.

Key Points:

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2024.
Strong performance during this quarter supports an increase to our full year 2024 outlook for production and free cash flow."
Financial results in the period were driven by production results in the upper half of SilverBow's guidance.
For the second quarter of 2024, SilverBow expects its production to be 90.8 - 95.4 MBoe/d, with oil volumes of 23.5 - 25.0 MBbls/d.

ConocoPhillips announces first-quarter 2024 results, quarterly dividend and VROC

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星期四, 五月 2, 2024

Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Sale, CFO, Investment, ConocoPhillips, Depreciation, Eagle Ford, Dallas, Public expenditure, VROC

Excluding special items, first-quarter 2024 adjusted earnings were $2.4 billion, or $2.03 per share, compared with first-quarter 2023 adjusted earnings of $2.9 billion, or $2.38 per share.

Key Points:

Excluding special items, first-quarter 2024 adjusted earnings were $2.4 billion, or $2.03 per share, compared with first-quarter 2023 adjusted earnings of $2.9 billion, or $2.38 per share.
Distributed $2.2 billion to shareholders through a three-tier framework, including $1.3 billion through share repurchases and $0.9 billion through the ordinary dividend and VROC.
ConocoPhillips declared an ordinary dividend of $0.58 per share and a VROC of $0.20 per share, both payable June 3, 2024, to stockholders of record at the close of business on May 13, 2024.
Excluding a $0.1 billion change in working capital, ConocoPhillips generated CFO of $5.1 billion and received disposition proceeds of $0.2 billion.

2024 races to a record start with $51B in upstream M&A

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星期二, 四月 23, 2024

Permian, Sale, Interview, Q2, Dittmar, Diamondback Energy, AB, Software as a service, Eagle Ford, Dallas, SCOOP, Name, EIR

CALGARY, AB, April 23, 2024 /PRNewswire/ -- Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted generative AI and energy-dedicated SaaS company, is releasing its summary of 1Q24 upstream M&A activity. Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals. However, EIR is pumping the brakes on another record-setting year as deal activity has slowed significantly in March and Q2 appears to have already lost momentum.

Key Points:

Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals.
However, EIR is pumping the brakes on another record-setting year as deal activity has slowed significantly in March and Q2 appears to have already lost momentum.
Headlining consolidation in Q1 was privately held Endeavor Energy Resources' sale to publicly held Diamondback Energy.
Members of the media should use our new Request Media Interview option on the Enverus Newsroom page to schedule an interview with one of our expert analysts.

SilverBow Resources Announces Filing of Definitive Proxy Statement and Mails Letter to Shareholders

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星期二, 四月 9, 2024

Professional Services, Finance, TSR, Letter, Risk management, ALL, Annual general meeting, History, Strategic planning, Acquisition, XOP, Eagle Ford, Dallas, KTG, Chevron Corporation, Audit committee, Management

In conjunction with the definitive proxy filing, the Company has mailed a letter to SilverBow shareholders recommending they vote for SilverBow’s three independent, highly qualified directors on the WHITE proxy card – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler.

Key Points:

In conjunction with the definitive proxy filing, the Company has mailed a letter to SilverBow shareholders recommending they vote for SilverBow’s three independent, highly qualified directors on the WHITE proxy card – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler.
Kimmeridge is pursuing a proxy fight to further its attempt to gain control of the Company and force a combination between SilverBow and KTG on terms that are unfavorable to SilverBow shareholders.
The full text of the letter follows:
The SilverBow Resources, Inc. (“SilverBow” or the “Company”) Board of Directors (the “Board”) and management team are committed to maximizing shareholder value.
Since early 2023, SilverBow has added four new independent directors to our Board, while significantly increasing the Board’s diversity.

NGL Energy Partners LP Announces Sale of the New Mexico Ranches

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星期五, 四月 5, 2024

Energy, Other Energy, Oil, Gas, Eagle Ford, Dallas, NGL, LEX, Delaware Basin, Sale, Environment, EVP

NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that it has completed the sale of its North and South Ranches.

Key Points:

NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that it has completed the sale of its North and South Ranches.
These two New Mexico ranches have combined acreage of approximately 122,250 acres, in the core of the Delaware.
Approximately $70.0 million in proceeds, including working capital
Including asset sales in FY24, we have exceeded the $150 million asset sale guidance
“NGL remains focused on our commitment to deliver reliable produced water management for our customers while remaining focused on the environment and the sustainability of our operations,” commented Doug White, EVP of NGL Water Solutions.
NGL’s Water Solutions segment operates in several of the most prolific crude oil and natural gas producing basins, including the Delaware, Eagle Ford and DJ Basins.

ROTH to Host 36th Annual Conference March 17-19 in Dana Point, California

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星期一, 三月 11, 2024

NEWPORT BEACH, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- via IBN – Roth Capital Partners, LLC ("ROTH"), www.roth.com , will host its 36th Annual Conference on March 17-19, 2024, at The Ritz Carlton, Laguna Niguel, located in Dana Point, CA.

Key Points:

NEWPORT BEACH, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- via IBN – Roth Capital Partners, LLC ("ROTH"), www.roth.com , will host its 36th Annual Conference on March 17-19, 2024, at The Ritz Carlton, Laguna Niguel, located in Dana Point, CA.
The annual ROTH Conference provides an exceptional platform for institutional investors to connect with executive management from an array of public and private growth companies.
We are delighted to anticipate an even more diverse range of attendees for our 36th Annual Conference," remarked Byron Roth, Executive Chairman of ROTH.
Sagar Sheth, CEO of ROTH, remarked, "The annual ROTH Conference is a cornerstone event, and attendees are benefiting even more from the combined expertise of MKM’s integration.

Freehold Royalties Announces Fourth Quarter and Full Year 2023 Results, Reserves and Guidance for 2024

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星期三, 二月 28, 2024

Permian, Acquisition, Growth, NGL, Eagle Ford, Dallas, WTI, Oil

Oil and NGL production grew by 3% versus the previous quarter and 6% when compared to the same period in 2022.

Key Points:

Oil and NGL production grew by 3% versus the previous quarter and 6% when compared to the same period in 2022.
Cash costs(1) for the quarter totalled $4.73/boe, down 7% versus the previous quarter and 9% from the same period in 2022.
Freehold experienced a record leasing year in 2023 with 122 agreements signed during the period, a 53% increase from 2022.
In total, Freehold estimates approximately $7.7 billion in gross third-party capital was spent on its royalty lands in 2023 up from $6.3 billion in 2022.