Post Tagged with: "The Oil and Gas Conference"

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Continental CEO Harold Hamm Speaks at EnerCom’s The Oil and Gas Conference

By Tyler Losier, Energy Reporter, Oil & Gas 360 Continental Resources’ Harold Hamm sits down for a fireside chat Today, as part of EnerCom’s 24th annual The Oil and Gas Conference in Denver, Colorado, Harold Hamm, CEO and chairman of Continental Resources (stock ticker: CLR), sat down with Tom Petrie of Petrie Partners for a fireside chat. The two spoke on a variety of industry trends, including the need for an increased sense of capital discipline. “[Capital discipline] is very important right now, probably more so than any time in my history,” Hamm told a standing room only crowd. “One thing the market is not going to put up with overspending and borrowing more money.” Hamm also made comments regarding the ongoing U.S… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Source: Tyler Losier

Occidental Finance Chief Pledges to Act Quickly to Pare Acquisition Debt

From Reuters Occidental Petroleum Corp (OXY.N) expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday. Cedric Burgher, in his first public remarks since the $38 billion acquisition closed last week, told an Enercom energy conference audience, the resulting debt burden was “not that bad,” and pledged Occidental would be selective in choosing assets to sell. He defended the purchase, which has been attacked by activist Carl Icahn as “misguided and hugely overpriced,” as providing future oil production as a good valuation. Icahn is seeking to remove and replace four directors to influence the scale and pace of asset sales. “When the smoke clears, people will start to see what we’ve done,” Burgher said to an overflow crowd.     Occidental plans to be selective about what properties it puts on the market to help[Read More…]

Audio: Interview with Texas Standard Oil President Tim Roberson – an Oil & Gas 360 Exclusive

Audio: Interview with Texas Standard Oil President Tim Roberson – an Oil & Gas 360 Exclusive

By Tyler Losier, Energy Reporter, Oil & Gas 360 Texas Standard Oil LLC Texas Standard Oil LLC is a private Midland, Texas-based oil company focused on acquiring oil and gas leaseholds in the Wolfcamp shale play of the Permian Basin. Co-founded in 2001 by Timothy M. Roberson and Charles A. Sharman, Texas Standard Oil now holds approximately 21,000 net acres in one of the country’s most prolific formations. On Wednesday August 14, 2019 at 10:05 a.m. Mountain time, Texas Standard Oil will be presenting at EnerCom’s The Oil and Gas Conference at the Westin Downtown Hotel in Denver, Colorado. In anticipation of the company’s participation, EnerCom’s chairman and CFO Blanca Andrus sat down with Texas Standard Oil’s current president, Mr. Roberson, to discuss how his company creates value:  

Conference Spotlight: Williston Basin Presenters

Conference Spotlight: Williston Basin Presenters

By Tyler Losier, Energy Reporter, Oil & Gas 360 The Oil and Gas Conference’s Williston Basin presenters cumulatively produce 633,800 BOEPD From August 11-14, Oil & Gas 360’s parent company – EnerCom – will host its 24th annual The Oil and Gas Conference® at the Westin Downtown Hotel in Denver, Colorado. This event offers investment professionals the opportunity to hear oil and gas company’s executive management teams update investors on their operational and financial strategies, and listen to how energy companies are planning to navigate through the remainder of 2019 and 2020. Currently, there are six different companies presenting that hold assets in the Williston Basin: Continental Resources (stock ticker: CLR) Market Cap: $15,857,000,000 Enterprise Value: $21,693,000,000 Capital Expenditure: $2,915,000,000 TTM EBITA: $3,542,000,000 Total Production Rate: 298,200 BOEPD Reserves: 1,522,400,000 BOE Denbury Resources (stock ticker: DNR) Market Cap: $572,000,000 Enterprise Value: $3,134,000,000 Capital Expenditure: $346,000,000 TTM EBITA: $565,000,000 Total Production[Read More…]

Exclusive Interview: Josh Allison, CEO of JCA Companies

Exclusive Interview: Josh Allison, CEO of JCA Companies

At the 2018 Oil and Gas Conference, Josh Allison, CEO of JCA Companies, was interviewed by EnerCom’s Angie Austin. Before JCA, Allison has worked with some of the world’s largest pension funds, investment advisory firms and REITs valuing and consulting on billions of dollars in multi-property portfolios and investment grade assets worldwide. He served as an economist for Integrated Utilities Group and an analyst for A.G. Edwards (now Stifel Nicolaus). JCA Companies’ subsidiaries include C-MOR Energy Services, Cascade Services, and Titan Casing, providing JCA a full suite of oilfield service offerings including oilfield construction, welding, casing, pick up and laydown services, clean and drift, CRT, equipment rental, revolutionary lighting solutions, logistics and equipment hauling.

Podcast: Chaparral Energy CEO Earl Reynolds

Podcast: Chaparral Energy CEO Earl Reynolds

Chaparral Energy, Inc. (NYSE: CHAP)    Company Overview Chaparral Energy (NYSE: CHAP) is an independent oil and natural gas exploration and production company headquartered in Oklahoma City. Founded in 1988, Chaparral is a pure-play operator focused in Oklahoma’s highly economic STACK Play, where it has approximately 119,000 net acres primarily in Kingfisher, Canadian and Garfield counties. The company has approximately 315,000 net surface acres in the Mid-Continent region. For more information, visit chaparralenergy.com<https://www.chaparralenergy.com/ The Oil and Gas Conference® Chaparral Energy is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference. To learn more about the conference and presenter schedule please visit the conference website here.

August 15, 2018 - 6:04 am Closing Bell Story, TOGC23
EOG Reports Nearly 3,000% Increase in Net Income

EOG Reports Nearly 3,000% Increase in Net Income

“The EOG Machine is Firing on All Cylinders”: Chairman and CEO Bill Thomas EOG Resources, Inc. (NYSE: EOG) reported second quarter 2018 results and beats its oil, natural gas, and NGL production targets. Highlights Net income of $696.7 million, or $1.20 per share a 2,916% increase YOY Total crude oil production of 384,600 BOPD, up 15% YOY (Company Record) Total production was up 16% Maintains 2018 exploration and development CapEx of $5.4-$5.8 billion EOG greatly benefitted from increased commodity prices, which increased production volumes and overall per-unit cost reductions. Total per-unit operating expenses declined during the Q2 YOY with a 16% reduction in depreciation, depletion and amortization rates and an 18% decrease in transportation rates as the largest contributors to the overall per-unit cost reduction. Stockholders received an increased cash dividend of 19%. Effective with the dividend payable October 31, 2018, to holders of record as of October 17, 2018,[Read More…]

Presenting Companies at The Oil and Gas Conference: Iron Bridge Resources

Presenting Companies at The Oil and Gas Conference: Iron Bridge Resources

Iron Bridge Resources (TSE: IBR) Company Overview Iron Bridge is a junior oil and gas company focused on Montney oil plays in Western Canada. Restructured from RMP Energy, IBR’s portfolio consists of approximately 53,000 acres of land in the Elmworth area of Alberta, Canada.  The company’s focus is on high intensity multi-frac horizontal drilling. Summary Q1-2018 Revenue: $3.5 million Q1-2018 Production: 1.3 MBOEPD Total Common Stock Outstanding: 155 million Enterprise Value: $101 million Total Debt: $0 1P Reserves: 11.5 MMBOE Operating Margin: -36.51% Management Team Robert F. Colcleugh – CEO Tim Krysak – President & COO Dean Bernhard – Vice President, Finance & CFO Jeremy Smith – Vice President, Drilling Operations Greg Nixon – Vice President, Completion & Production Zoran Jankovic – Vice President, Exploration The Oil and Gas Conference® Iron Bridge Resources is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018.[Read More…]

August 1, 2018 - 5:33 pm Closing Bell Story, TOGC23
Encana Doubles Cash from Operating Activities YOY

Encana Doubles Cash from Operating Activities YOY

Permian now producing 90 MBOEPD Encana (NYSE: ECA) reported its Q2 results and more than doubled its cash from operating activities YOY and is on track to grow annual production by more than 30%. The company expects to generate free cash flow in 2018 as result. Highlights Cash from operating activities of $475 million, up 120% YOY Non-GAAP cash flow of $586 million, up 47% sequentially Non-GAAP cash flow margin of $19.09 per BOE, up 57% YOY Net loss of $151 million primarily attributable to a non-cash, before-tax, unrealized net loss on risk management Liquids production of 155,300 barrels per day, up 24% YOY Permian production up 43% YOY with current production of more than 90 MBOEPD Montney liquids production up 128% YOY with current liquids production of over 45,000 bbls/d Encana continues to move forward with its $400 million share repurchase program and year-to-date has repurchased and cancelled 16.8[Read More…]

Whiting Petroleum Corporation to Present at The Oil and Gas Conference

Whiting Petroleum Corporation to Present at The Oil and Gas Conference

Whiting Petroleum Corporation (NYSE: WLL) Company Overview Whiting Petroleum Corporation, founded in 1980, is an independent E&P company with an oil-focused asset base, principally in the Williston Basin. Whiting possesses 409,593 net acres in the Bakken/Three Forks resource play in the Williston in North Dakota and Montana and 99,194 net acres in the DJ Basin of Colorado. Whiting also recently purchased a bolt-on acquisition in the Bakken that closed at the end of July. Summary Q2-2018 Revenue: $526 million Q2-2018 Production: 126 MBOEPD Total Common Stock Outstanding: 91 million Enterprise Value: $7.3 billion Total Debt: $2.9 billion 1P Reserves: 617 MMBOE Operating Margin: +25.11% Management Team Brad Holly – Chairman, President, CEO Michael J. Stevens – Senior Vice President, CFO Rick A. Ross – Senior Vice President, Operations Peter W. Hagist – Senior Vice President, Planning & Reservoir Engineering Bruce R. Deboer – Senior Vice President, Secretary and General Counsel The Oil and[Read More…]

August 1, 2018 - 1:29 pm Closing Bell Story, TOGC23
Unit Corporation to Present at The Oil and Gas Conference

Unit Corporation to Present at The Oil and Gas Conference

Unit Corporation (NYSE: UNT) Company Overview Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. Units key focus areas include: Gulf Coast: Wilcox (Southeast Texas) Mid-Continent: Granite Wash (Texas Panhandle) Hoxbar (Western Oklahoma) STACK (Western Oklahoma Summary Q1-2018 Revenue: $205 million Q1-2018 Production: 47 MBOEPD Total Common Stock Outstanding: 54 million Enterprise Value: $2.2 billion Total Debt: $794 million 1P Reserves: 150 MMboe Operating Margin: +13.76% Management Team Michael Adcock – Chairman Larry D. Pinkston – President, CEO David T. Merrill – COO Mark E. Schell – Senior Vice President, General Counsel & Corporate Secretary Les Austin – CFO The Oil and Gas Conference® Unit Corporation is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom expects to have more than 80 presenting oil[Read More…]

July 31, 2018 - 6:06 pm Closing Bell Story, TOGC23
Range Resources Production Grew 13%, Fought Through Mariner East and Leach Express Issues in Q2

Range Resources Production Grew 13%, Fought Through Mariner East and Leach Express Issues in Q2

Range Resources (NYSE: RRC) announced its Q2 2018 results and remains on track for its 2018 CapEx target despite transportation issues felt throughout the quarter. Highlights Production averaged a record 2,200 MMcfe per day, an increase of 13% YOY Liquids production averaged 117,520 barrels per day, a 12% increase YOY Pre-hedge NGL realizations were $23.69 per barrel, a 63% increase YOY Pre-hedge crude oil and condensate realizations of $63.07, a 45% increase YOY Cash from operations of $175 million, and non-GAAP cash flow of $237 million Net loss of $80 million ($0.32 per diluted share), non-GAAP net income of $50 million ($0.20 per diluted share) CapEx on target Range in the second quarter had $260 million in drilling operations expenditures, which led to the drilling and completion of 30 wells at a 100% success rate. Range during Q2 also bought acreage for $10.3 million and is remaining with $941 million total capital budget for 2018. Subsequent to quarter-end, Range sold[Read More…]

July 31, 2018 - 5:35 pm Closing Bell Story, TOGC23
Northern Oil & Gas to Make Largest Acquisition in Company History

Northern Oil & Gas to Make Largest Acquisition in Company History

Northern Oil and Gas, Inc. (NYSE: NOG) announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history. At closing, the acquisition will represent approximately 6,750 barrels of oil equivalent per day of production and 10,600 net acres in the core of the Williston Basin. Total consideration at closing will consist of $100 million in cash (subject to customary adjustments) and 56.37 million shares of Northern common stock. The shares will be subject to a limited lock-up over a 13-month post-closing period, which includes a mechanism for additional consideration if Northern’s stock trades below certain price targets. The acquisition is expected to generate approximately $95 million in cash flow in 2019, with an estimated 2019 base capital plan of approximately $42 million, representing a 17% free cash flow yield based upon purchase price. The acquisition is expected to close in approximately[Read More…]

Atlas Sand Announces Grand Opening of Kermit, TX Facility

Atlas Sand Announces Grand Opening of Kermit, TX Facility

Atlas Sand Company, LLC has announced the grand opening of its Kermit, TX facility.  On July 29, 2018, the first scheduled deliveries of frac sand from the Atlas Kermit site were fulfilled. The Kermit facility’s anticipated production capacity is currently approximately 4 million tons per year, and management expects the facility to reach this production rate within the next six weeks, with details of the Company’s future expansion plans at Kermit to be announced at a later date. Atlas Sand’s Founder & Chairman, Ben M. “Bud” Brigham said, “Today marks a huge step for Atlas. Since the formation of the company in April of last year, we’ve been working hard towards our vision of building the best-in-class, built to last frac sand production facilities. With Atlas Kermit now operational, we’re very pleased to be able to reliably provide our customers with the high quality local Permian frac sand they need.[Read More…]

July 31, 2018 - 12:30 pm Closing Bell Story, Energy News, Fracing, TOGC23
CorEnergy Infrastructure Trust to Present at The Oil and Gas Conference

CorEnergy Infrastructure Trust to Present at The Oil and Gas Conference

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR) Company Overview The first publicly listed Real Estate Investment Trust (REIT) focused on energy infrastructure that primarily owns midstream and downstream assets, such as pipelines, storage terminals, and transmission and distribution assets. Such assets include the MoGas Pipeline, an interstate natural gas pipeline system that begins in northeast Missouri and extends into western Illinois and central Missouri. Summary Q1-2018 Revenue: $21.5 million Total Common Stock Outstanding: 11.9 million Enterprise Value: $727 million Total Debt: $161 million Operating Margin: +48.53% Management Team Richard Green – Executive Chairman David Schulte – President, CEO Rebecca Sandring – Senior Vice President, Treasurer and Secretary Jeff Fulmer – Senior Vice President Rick Kreul – President, Mowood, LLC & MoGas Pipeline, LLC The Oil and Gas Conference® CorEnergy Infrastructure Trust is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom expects to[Read More…]

July 31, 2018 - 10:06 am Closing Bell Story, TOGC23
Cabot Oil & Gas Expands Share Repurchase Program

Cabot Oil & Gas Expands Share Repurchase Program

Cabot Oil & Gas (NYSE: COG) announced Q2 results, showing net income of $42.4 million, or $0.09 per share. Highlights Daily equivalent production of 1,895 MMcfe/d Adjusted net income of $57.9 million Net cash provided by operating activities of $273.9 million Discretionary cash flow of $196.5 million Returned $239.6 million of capital to shareholders through dividends and share repurchases Improved operating expenses per unit by eight percent YOY Current operations and outlook Cabot is currently operating three rigs and two completion crews in the Marcellus Shale and plans to place 37.0 net wells on production in conjunction with the anticipated in-service of the Atlantic Sunrise pipeline project during the second-half of August 2018. Cabot in Q2 closed on the sale of its oil and gas properties in the Haynesville Shale for net proceeds of $29.2 million, which included a $5.0 million deposit that was received in the fourth-quarter of 2017[Read More…]

Presenting Companies at The Oil and Gas Conference: Ultra Petroleum Corp.

Presenting Companies at The Oil and Gas Conference: Ultra Petroleum Corp.

Ultra Petroleum Corp. (NASDAQ: UPL) Company Overview Ultra Petroleum Corp. is an independent exploration and production company with focused reserves in the Green River Basin of Wyoming – the Pinedale and Jonah Fields. Ultra currently has an oil development project underway in the Uinta Basin, Three Rivers area in Utah. Summary Q1-2018 Revenue: $226 million Q1-2018 Production: 134 (MBOE/day) Total Common Stock Outstanding: 197 million Enterprise Value: $2.5 billion Total Debt: $2.1 billion 1P Reserves: 520 MMboe Operating Margin: +39.29% Management Team Brad Johnson – Interim CEO Jay Stratton – COO Garland R. Shaw – Senior Vice President, CFO Kent Rogers – Vice President, Drilling and Completions Garrett B. Smith – Vice President, Secretary and General Counsel The Oil and Gas Conference® Ultra Petroleum is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom expects to have more than 80 presenting oil[Read More…]

July 30, 2018 - 4:08 pm Closing Bell Story, TOGC23
Mid-Con Energy to Present at The Oil and Gas Conference

Mid-Con Energy to Present at The Oil and Gas Conference

Mid-Con Energy Partners, LP (NASDAQ: MCEP) Company Overview Mid-Con Energy Partners, LP, headquartered in Tulsa, Oklahoma, is a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery (“EOR”), especially using waterflooding. Reserves are approximately 95% oil and 65% proved developed. Summary Q1-2018 Production: 2.8 MBOEPD Total Common Stock Outstanding: 30 million Enterprise Value: $ 176 million 1P Reserves: 19.6 MMboe Management Team Charles R. “Randy” Olmstead –  Executive Chairman of the Board Jeffrey R. Olmstead – President, CEO & Director Philip R. Houchin – CFO Charles “Chad” L. McLawhorn, III –  Vice President, General Counsel & Corporate Secretary Sherry L. Morgan – CAO The Oil and Gas Conference® Mid-Con Energy is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom[Read More…]

July 30, 2018 - 12:45 pm Closing Bell Story, TOGC23
Rosehill Resources Presenting at The Oil and Gas Conference

Rosehill Resources Presenting at The Oil and Gas Conference

Rosehill Resources (NASDAQ: ROSE) Company Overview Rosehill Resources is an independent oil and natural gas company focused on growing production and reserves in the Delaware Basin, through drilling and bolt-on acquisitions. Rosehill has more than 11,000 net acres with over 470 drilling locations across multiple stacked horizons. Rosehill is a pure play Delaware Basin operator and is headquartered in Houston, Texas. Summary Q1-2018 Revenue: $55.8 million Total Common Stock Outstanding: 6.4 million Enterprise Value: $707 million Total Debt: $173 million Operating Margin: +27.02% Management Team (Alan) Townsend – Director, President & CEO Craig Owen – CFO Brian K. Ayers – Vice President, Geology Colby Williford – Vice President, Land Paul Larson – Vice President, Engineering Bryan Freeman – Vice President, Operations The Oil and Gas Conference® Rosehill Resources is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom expects to have more[Read More…]

July 27, 2018 - 2:19 pm Closing Bell Story, TOGC23
Presenting Companies at The Oil and Gas Conference: Samson Resources II

Presenting Companies at The Oil and Gas Conference: Samson Resources II

Samson Resources II, LLC Company Overview Headquartered in Tulsa, Oklahoma Samson Resources II is an independent oil and natural gas E&P company with approximately 198,000 net acres located in the United States, including the Powder River and Greater Green River basins. Management Team Joseph A. Mills – President, CEO Josh C. Anders – CFO Matthew Phillips – Vice President, Operations Scott Koors – Vice President, Land & Business Development Sharolyn C. Whiting-Ralston – Vice President, HR, General Counsel & Corporate Secretary The Oil and Gas Conference® Samson Resources II is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference. To learn more about the conference and presenter schedule please visit the conference website here.

July 27, 2018 - 12:14 pm Closing Bell Story, TOGC23
Talos Energy to Present at The Oil and Gas Conference

Talos Energy to Present at The Oil and Gas Conference

Talos Energy (NYSE: TALO) Company Overview Talos Energy Inc., formed through the combination of Talos Energy LLC and Stone Energy Corporation, is a Houston‐based independent oil & gas company focused on offshore E&P in and around the Gulf Coast and Gulf of Mexico regions with a high-emphasis on asset optimization, exploitation, and exploration. Summary Q1-2018 Revenue: $87 million Q1-2018 Production: 17 (MBOE/day) Total Common Stock Outstanding: 54 million Enterprise Value: $ 1.8 billion Total Debt: $236 million 1P Reserves: 33 MMboe Operating Margin: +23.00% Management Team Timothy S. Duncan – Founder, President & CEO Stephen E. Heitzman – Founder, Executive Vice President, COO John A. Parker – Founder, Executive Vice President, Exploration Michael L. Harding II – Executive Vice President, CFO & Treasurer William S. Moss III – Executive Vice President, General Counsel The Oil and Gas Conference® Talos Energy is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-22, 2018. EnerCom expects to have more than 80 presenting oil and[Read More…]

July 27, 2018 - 10:09 am Closing Bell Story, TOGC23
Bellatrix Exploration Presenting at The Oil and Gas Conference

Bellatrix Exploration Presenting at The Oil and Gas Conference

Bellatrix Exploration Ltd. (TSX/NYSE: BXE) Company Overview Bellatrix is a western Canadian focused intermediate oil and natural gas producer currently producing approximately 35,000 boe/d.  The company is known for its high-quality asset base located in the Deep Basin of Alberta with multi-zone potential for light sweet oil in the Cardium and high impact liquids-rich natural gas in the Spirit River formation. Bellatrix has invested over $350 million in strategic facilities including a 25% owned deep cut gas plant with 230 MMcf/d of capacity, major group lines, compression facilities and oil batteries.  Infrastructure control creates significant barriers to competition within our core area. Bellatrix has firm transportation and long-term fractionation agreements in place for all of its current volumes.  In addition, Bellatrix maintains a long-term market diversification in place through 2020 providing access to premium priced markets for approximately 50% of its current natural gas volumes. Summary Q1-2018 Revenue: $63 million[Read More…]

July 26, 2018 - 5:43 pm Canada, Closing Bell Story, TOGC23
Core Labs Plans Industry Project Evaluating SCOOP/STACK

Core Labs Plans Industry Project Evaluating SCOOP/STACK

Core Laboratories (NYSE: CLB) announced its Q2 earnings, which saw an 11% YOY increase in revenue and 22% YOY increase in operating income bringing earnings per diluted share to $0.57. Core Labs saw operating margins up 190 basis points YOY to 19.4%, ex-items, which was attributed to higher-technology services and products being requested by Core’s technologically sophisticated client base and increased utilization of the Company’s services and products, particularly in the U.S market. According to Core, the company’s focus on ROIC is producing results, as Core currently has an ROIC of 28%, the highest for all major companies in its oilfield service Comp Group. Core reports that only it and one other company in its comp group posted ROIC that exceeded their weighted average cost of capital. Reservoir Description Core Lab’s Q2 revenue from reservoir description was $102 million with operating income, ex-items, of $14.8 million yielding operating margins of[Read More…]

Presenting Companies at The Oil and Gas Conference: RS Energy group

Presenting Companies at The Oil and Gas Conference: RS Energy group

RS Energy Group Company Overview RS Energy Group (RSEG), formerly the Ross Smith Energy Group, was founded in 1998. RSEG began by providing fundamental equity analysis to institutional investors. RSEG’s independent, unbiased energy research emerged as a unique and comprehensive approach, bridging the gaps between geological, operational and financial analysis to support real, actionable investment decisions. RSEG officially released its data solution in April 2017. RS Data™, which provides clients with corrected, multi-sourced permit, completion and production data. Today, RSEG’s intelligence covers more than 150 companies operating in every key North American and many international energy plays with a combination of practical insights at the asset level and a long-standing participation in capital markets. Management Team Jim Jarrell, P.E. – President, co – CEO Manuj Nikhanj, CFA, FRM – President, co – CEO Ian Huynh – CTO Matt Johnson – CRO Tom Stevens – CFO Leila Thornborough – Director of[Read More…]

July 26, 2018 - 3:55 pm Closing Bell Story, TOGC23
Nuvista Energy Presenting at The Oil and Gas Conference

Nuvista Energy Presenting at The Oil and Gas Conference

NuVista Energy Ltd. (TSE: NVA) Company Overview NuVista is pure play oil and gas E&P engaged in the Western Canadian Sedimentary Basin focused on the Montney located in the Alberta Deep Basin (Wapiti Montney). 947 wells + locations In March, closed on $220 million of senior unsecured notes Summary Q1-2018 Revenue: $ 118 million Q1-2018 Production: 36 (MBOE/day) Total Common Stock Outstanding: 174 million Enterprise Value: $ 18 billion Total Debt: $215 million Operating Margin: +27.94% Management Team Jonathan Wright – President, CEO Ross Andreachuk – Vice President, Finance & CFO Kevin Asman – Vice President, Marketing Mike Lawford – COO The Oil and Gas Conference® NuVista Energy is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference. To learn more[Read More…]

July 25, 2018 - 5:56 pm Closing Bell Story, TOGC23
Ameredev to Present at The Oil and Gas Conference

Ameredev to Present at The Oil and Gas Conference

Ameredev II LLC Company Overview Ameredev is an Austin-based E&P company focused on the acquisition and development of oil and gas properties in the Permian Basin in West Texas. In February it closed $633 million sale of Core Southern Delaware Basin assets to Callon Petroleum Company. In March closed on an equity commitment of $400 million from EnCap Investments, L.P. and members of Ameredev management. Management Team Parker Reese – President, CEO Floyd Hammond – COO Ron Zboril – CFO Eric Rhoden – Vice President, Geology Noah Bramble – Vice President, Land The Oil and Gas Conference® Ameredev is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference. To learn more about the conference and presenter schedule please[Read More…]

July 25, 2018 - 1:35 pm Closing Bell Story, TOGC23
Presenting Companies at The Oil and Gas Conference: Liberty Oilfield Services

Presenting Companies at The Oil and Gas Conference: Liberty Oilfield Services

Liberty Oilfield Services, Inc. (NYSE: LBRT) Company Overview Headquartered in Denver, Colorado, Liberty Oilfield Services is a hydraulic fracturing services company. Liberty is active in the following areas: Permian Basin, DJ Basin, Williston Basin, Eagle Ford Shale and Powder River Basin. The company went public in January of this year Liberty became known in the industry in 2016 when it debuted its “Quiet Fleet™. These low-noise frac fleets are becoming popular with operators who have fracing operations on surface locations adjacent to residential neighborhoods or other highly populated areas. Summary Q1-2018 Revenue: $495 million Total Common Stock Outstanding: 70 million Enterprise Value: $2.3 billion Total Debt: $107 million Operating Margin: +13.85% Management Team Chris Wright – CEO Michael Stock – CFO Ron Gusek – President The Oil and Gas Conference® Liberty Oilfield Services is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018.[Read More…]

July 25, 2018 - 12:28 pm Closing Bell Story, TOGC23
Anschutz Exploration to Present at The Oil and Gas Conference

Anschutz Exploration to Present at The Oil and Gas Conference

Anschutz Exploration Company Overview Anschutz Exploration Corporation (AEC) is a private, independent oil and gas company with current projects located in Wyoming, Colorado and Utah. Specifically focused on the Powder River and Washakie Basins of Wyoming, the Piceance and DJ Basins of Colorado and the Uinta Basin of Utah. Anschutz is the largest private E&P in the PRB, and the fourth-largest overall, with over 385,000 net acres. Anschutz is currently running a two-rig drilling program, and in 2017 the company drilled 12 operated wells, six in the Frontier formation, four in the Niobrara and two in the Turner. Anschutz will primarily focus on following up its Turner success this year, with one rig devoted to drilling Turner wells throughout the year. The Oil and Gas Conference® Anschutz Exploration is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects[Read More…]

July 25, 2018 - 10:00 am Closing Bell Story, TOGC23
Gear Energy Acquires Steppe Resources

Gear Energy Acquires Steppe Resources

Gear Energy Ltd. (TSX: GXE) has entered into a definitive agreement for the acquisition by Gear of all of the issued and outstanding common shares of Steppe Resources Inc., a private oil and gas company. Steppe’s assets are focused in the Tableland area of Southeast Saskatchewan. Acquisition highlights Approximate production of 1,175 BOE/d for June 2018 Estimated 2H 2018 annualized funds from operations of $24 million netbacks of $52 per barrel for 1Q 2018 Estimated 100 future light oil locations in the Torquay Steppe shareholders will receive 0.1445 Gear common shares for each Steppe Share held.  As a result, Gear will issue in aggregate 21,896,087 Gear Shares and will assume the net debt of Steppe of approximately $40.9 million, after considering expected Steppe transaction costs. The total consideration represents a Steppe enterprise value of $70.4 million. Upon closing Gear will also enter into an increased borrowing-based credit facility commensurate. Gear[Read More…]

PetroTal Corp. Presenting at The Oil and Gas Conference

PetroTal Corp. Presenting at The Oil and Gas Conference

PetroTal Corp. (TSX-V: TAL) Company Overview PetroTal Corp. (Previously known as Sterling Resources Ltd.) is an independent pure play oil and gas E&P company headquartered in Calgary, Alberta with corporate offices in Houston, Texas. The company is focused on development of oil and gas assets in Northern Peru. First production in Q2 2018 with production estimated to exceed 10,000 BOPD by 2020 Summary Total Common Stock Outstanding: 537 million Enterprise Value: $81 million Total Debt: $0.00 2P Reserves: 39.8 MMboe Management Team Manuel Pablo Zuniga-Pflucker – Director, President & CEO Gregory Smith – Executive Vice President, CFO Estuardo Alvarez-Calderon – Vice President, Operations Charles Fetzner – Vice President, Asset Development Tracy Lessard – Corporate Secretary The Oil and Gas Conference® PetroTal is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies[Read More…]

July 24, 2018 - 5:21 pm Closing Bell Story, TOGC23