Finance

What’s Worth More to the State of Texas—Land or Oil?

Junior Canadian Texas and New Mexico Producer Goes Public

Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750.

The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 …

EP Energy Announces Offering of its Senior Secured Notes Due 2026

EP Energy Announces Offering of its Senior Secured Notes Due 2026

May 17, 2018 - 12:26 pm Finance, Press Releases

CrownRock Announces Private Offering of Additional Senior Notes Due 2025

CrownRock Announces Private Offering of Additional Senior Notes Due 2025

May 17, 2018 - 9:11 am Finance, Press Releases
Goldman Sachs Chides Hedge Funds by Arguing the Case for Oil

Goldman Sachs Chides Hedge Funds by Arguing the Case for Oil

From Bloomberg

  •  Oil demand seen strong while market faces supply disruptions
  •  U.S. shale, OPEC may not make up for Iran export loss: Goldman

Money managers who are reducing their bullish bets on oil are following a “dangerous” strategy, according to …

GreenBank Affiliate Ubique Minerals Completes Initial Closing of Private Placement

GreenBank Affiliate Ubique Minerals Completes Initial Closing of Private Placement

May 17, 2018 - 7:00 am Finance, Press Releases

Income Stream from Closed-End Funds

Income Stream from Closed-End Funds

May 17, 2018 - 1:00 am Finance, Press Releases
Steve Chazen’s Magnolia Assets: Q1 2018 Results

Steve Chazen’s Magnolia Assets: Q1 2018 Results

TPG Pace Energy Holdings Corp. (ticker: TPGE), an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corporation CEO Steve Chazen, disclosed certain financial and operating results for the first quarter of 2018 for the Karnes County and Giddings …

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on …

Sterling Resources Taps Peru

Sterling Resources Taps Peru

Sterling Resources speeds up Bretana field development

Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the …

Permex Petroleum Corporation Completes Initial Public Offering Listing on CSE under Symbol “OIL”

Permex Petroleum Corporation Completes Initial Public Offering Listing on CSE under Symbol “OIL”

May 16, 2018 - 12:10 pm Finance, Press Releases
New Mexico Lease Revenues Break Record

New Mexico Lease Revenues Break Record

From Ruidoso News/USA Today

Lease sales generated $5,487,142

May 2018 oil and gas lease sales on state trust lands generated $5,487,142, bringing the Fiscal Year 2018 total to $102,222,238, New Mexico Land Commissioner Aubrey Dunn announced this week. That …

May 16, 2018 - 8:02 am Closing Bell Story‎, Finance, Industry Insights, Law
Total Halts $2 Billion Gas Project in Iran

Total Halts $2 Billion Gas Project in Iran

From CNNMoney

French oil giant Total is preparing to pull out of Iran to avoid risking US sanctions.

The company said on Wednesday that it was unable to proceed with a $2 billion project to develop the country’s giant South

May 16, 2018 - 8:00 am Closing Bell Story‎, Finance, International, Law
Rosehill Resources Produced More Than 18,000 BOEPD in April 2018

Rosehill Resources Produced More Than 18,000 BOEPD in April 2018

Rosehill cuts Loving County spud-to-TD time in half

Rosehill Resources Inc. (ticker: ROSE) reported a net loss attributable to Rosehill of $1.3 million, or $(0.22) per share. Rosehill said this loss included an $18.2 million non-cash, pre-tax loss on commodity …

Goodrich Petroleum: Focused on Haynesville through 2019

Goodrich Petroleum: Focused on Haynesville through 2019

All CapEx in 2018 and 2019 focused on Haynesville

Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of …

Gulfport Energy Scores Big Gas Wells in the SCOOP

Gulfport Energy Scores Big Gas Wells in the SCOOP

Expects to fund all $780 million CapEx within cash flow in 2018

Gulfport Energy Corporation (ticker: GPOR) provided an update on two notable SCOOP well results.

During its initial 30 days of production, the Lilly 3-15X10H cumulatively produced 395.5 MMcf …

Northern Oil and Gas, Inc. Announces Completion of Senior Notes Exchange Transaction

Northern Oil and Gas, Inc. Announces Completion of Senior Notes Exchange Transaction

May 15, 2018 - 2:15 pm Finance, Press Releases

Calfrac Announces Pricing of US$650 Million Offering of Senior Notes

Calfrac Announces Pricing of US$650 Million Offering of Senior Notes

May 15, 2018 - 1:52 pm Finance, Press Releases

Capital Dynamics Launches Energy Infrastructure Credit Strategy and Appoints Paul Colatrella as Managing Director

Capital Dynamics Launches Energy Infrastructure Credit Strategy and Appoints Paul Colatrella as Managing Director

May 15, 2018 - 9:34 am Finance, Press Releases

Tervita Corporation Announces Consent Solicitation To Amend Its 7.625% Senior Secured Notes Due 2021

Tervita Corporation Announces Consent Solicitation To Amend Its 7.625% Senior Secured Notes Due 2021

May 15, 2018 - 9:19 am Finance, Press Releases

Matador Resources Company Announces Pricing of Public Offering of Common Stock

Matador Resources Company Announces Pricing of Public Offering of Common Stock

May 15, 2018 - 8:55 am Finance, Press Releases
Courtesy of RSP Permian

Matador Resources: Public Offering of Common Stock

Matador Resources Company Announces Commencement of Public Offering of Common Stock

May 15, 2018 - 7:59 am Closing Bell Story‎, Finance, Press Releases

Ameren Illinois Announces Pricing of First Mortgage Bonds Offering due 2028

Ameren Illinois Announces Pricing of First Mortgage Bonds Offering due 2028

May 14, 2018 - 5:57 pm Finance, Press Releases

Raging River Exploration Inc. Announces First Quarter Operating and Financial Results and Reaffirms Credit Facilities

Raging River Exploration Inc. Announces First Quarter Operating and Financial Results and Reaffirms Credit Facilities

May 14, 2018 - 5:15 pm Finance, Press Releases

Cona Resources Ltd. Announces Borrowing Base Redetermination and Amendments to its Credit Facility

Cona Resources Ltd. Announces Borrowing Base Redetermination and Amendments to its Credit Facility

May 14, 2018 - 5:00 pm Finance, Press Releases
Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter.

CEO Frank D. …

Saturn Oil & Gas Inc. Announces $3,500,000 Brokered Private Placement Led by Canaccord Genuity Corp.

Saturn Oil & Gas Inc. Announces $3,500,000 Brokered Private Placement Led by Canaccord Genuity Corp.

May 14, 2018 - 1:13 pm Finance, Press Releases

Oasis Petroleum Inc. Announces Early Results Of Cash Tender Offers For Senior Notes

Oasis Petroleum Inc. Announces Early Results Of Cash Tender Offers For Senior Notes

May 14, 2018 - 9:20 am Finance, Press Releases

NXT Energy Solutions Announces First Quarter Results for 2018 and Updates on Private Placement and AGM

NXT Energy Solutions Announces First Quarter Results for 2018 and Updates on Private Placement and AGM

May 14, 2018 - 9:00 am Finance, Press Releases
Northern Delaware Basin Operations 

From Concho.com

The 130-Year-Old Bankruptcy That Created a $5 Billion Oil Giant

From Bloomberg

  • Texas Pacific Land Trust has surged almost 2,200% since 2010
  • Mineral rights offer revenues linked to Permian oil production

The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude.

Texas Pacific

Superior Energy Services Announces Extension of Exchange Offer for $500.0 Million 7.75% Senior Notes Due 2024

Superior Energy Services Announces Extension of Exchange Offer for $500.0 Million 7.75% Senior Notes Due 2024

May 11, 2018 - 7:31 pm Finance, Press Releases