Post Tagged with: "conventional"

Source: Enverus

Drillinginfo Announces Name Change

By Tyler Losier, Energy Reporter, Oil & Gas 360 Drillinginfo changes corporate name to Enverus Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement of surpassing $300 million in annual recurring revenue. According to an Enverus press release, the new name is comprised of three elements that the company believes best represents its corporate philosophy: the energy industry (EN); clarity and truth (VER); and partnership, collaboration, people and humanity (US). Screenshots showing some of the analytical tools that Enverus provides (source: Enverus) “This business was started by ‘oilpatch kids’ in 1999 … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Kayne Anderson Makes $100 Million Upstream Investment

Kayne Anderson Makes $100 Million Upstream Investment

By Tyler Losier, Energy Reporter, Oil & Gas 360 Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity commitment in order to form Indianola Energy LLC, an upstream entity that will purse the acquisition and development of highly-proven resource plays across North America. The newly-created company will be led by energy sector veterans Chapman Amend and Todd Burgamy. “We are excited to partner with Kayne Anderson to deploy our strategy, which is centered on operations and execution capabilities,” Amend said. “As the market has shifted to placing a preference on living within cash… Login or click here to subscribe

Source: Quintana Energy Services

Quintana Energy Services Names New CEO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Christopher J. Baker named president and CEO of Quintana Energy Services Quintana Energy Services (stock ticker: QES), an onshore oilfield services company operating across the United States, has named Christopher J. Baker as its president and chief executive officer, effective immediately. Baker will replace former CEO Rogers Herndon, who has resigned as part of an internal reorganization strategy to alter Quintana’s corporate cost structure to better fit the current market environment. Baker will also assume Herndon’s seat on the board of directors as well. Quintana’s current asset portfolio (source: Quintana Energy Services) “[Baker’s] extensive leadership experience an… Login or click here to subscribe

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18 natural gas facility to CSV Midstream Solutions for a total of approximately $470 million. The consideration includes approximately $330 million in cash, plus $140 million in capital commitments to fund and complete a planned expansion of the facility. Proceeds from the transaction will be used by Paramount to reduce amounts drawn on the company’s $1.5 billion bank credit facility, which totaled $827.3 million as at March 31, 2019.   The Karr 6-18 natu… Login or click here to subscribe

Samson Oil & Gas Ltd. Makes a Conventional Transformation: Download EnerCom Catalyst Report on SSN

Samson Oil & Gas Ltd. Makes a Conventional Transformation: Download EnerCom Catalyst Report on SSN

If all investors read are the headlines, they might believe that the only oil and gas investment opportunities existing today are in the Permian Basin, specifically the horizontal Wolfcamp plays in the Delaware Basin region. But that’s not the case. If that were the case, investors would be missing out on ideas with relatively low risk, but high potential. One of those ideas is Samson Oil & Gas Ltd. (NYSE, ASX: SSN), which has made a significant transformation of a more conventional nature. According to a new report from EnerCom, the current gap between SSN’s prevailing share price and intrinsic value provides investors a relatively low-risk opportunity to take a position and profit from the company’s execution on visible growth opportunities. Report Highlights: The PV-10 value of SSN’s total pro forma proved reserves value of $110.7 million, net of debt and accounting for cash, implies an NAV per share for Samson at $5.52. On[Read More…]