DENVER, June 20, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE:REN) today announced that its Board of Directors declared a cash dividend of $20.3125 per share on its 8⅛% Series B Cumulative Perpetual Convertible Preferred Stock, payable on July 16, 2018, to holders of record at the close of business on July 1, 2018. The dividend is for the period beginning on April 16, 2018 and ending on July 15, 2018. About Resolute Energy Corporation Resolute is an independent oil and gas … [Read more...]
Velvet Energy Comments on Iron Bridge Resources’ Directors’ Circular
Velvet Energy’s offer of $0.75 in cash per common share represents a significant 58% premium to the $0.475 closing price of Iron Bridge common shares on May 11, 2018, the last trading day prior to the submission of Velvet’s offer letter to the Iron Bridge board of directors. Velvet’s all-cash offer represents full and fair value and certainty, which is financially superior to the high-risk “go it alone” alternative. Velvet’s offer is not subject to due diligence and has only limited … [Read more...]
Amplify Energy Announces Additions to its Leadership Team
HOUSTON, June 19, 2018 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (OTCQX:AMPY) announced today that Polly Schott joined the Company as Chief Administrative Officer. In this role she will collaborate with Ken Mariani as President and CEO, the Board and the management team to define and execute the Company’s strategic objectives in order to reach its full economic potential with alignment from employees to shareholders. In addition, Tony Lopez joined the Company as … [Read more...]
VAALCO Energy, Inc. Provides Operational and Financial Update
HOUSTON, June 19, 2018 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY) today announced that the workover operations on the Avouma 2H well are complete and replacement of the Electrical Submersible Pump (ESP) system was conducted safely and efficiently with no injuries or environmental incidents. The well is online producing at rates in excess of pre-shutdown levels and is expected to stabilize around 2,000 barrels of oil per day (BOPD) gross, or 540 BOPD net to the Company. In addition, a … [Read more...]
Hunter Oil Announces Appointments
VANCOUVER, British Columbia, June 19, 2018 (GLOBE NEWSWIRE) -- Hunter Oil Corp. (TSX-V:HOC) (OTCQX:HOILF) (the "Company" or “Hunter”) is pleased to announce the appointment of Al H. Denson, P.E. as the Company’s Chief Executive officer, effective immediately, replacing Andrew Hromyk who assumes the new role of Executive Chairman. Mr. Denson has over forty years of exploration and production experience, beginning his career in 1976 with Amoco Corporation (now BP), where he served in various … [Read more...]
Crescent Point Announces Management Changes and Provides an Update on Dispositions
CALGARY, Alberta, June 19, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) announces changes to its executive management team and provides an update on recent dispositions. Mr. Craig Bryksa, interim President and Chief Executive Officer, is pleased to announce that Mr. Ryan Gritzfeldt, formerly the Vice President, Marketing and Innovation, and prior to that, Vice President, Engineering and Business Development East, has assumed the … [Read more...]
Halcón Resources Announces Plans to Reduce its Operated Rig Activity Level and Provides an Update on Other Activities
Denver, Colorado, June 19, 2018 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced that it will reduce its operated rig count in July 2018 from four to three. The Company’s decision to reduce its rig count was primarily driven by lower near-term realized oil prices in the Midland market. Halcón is currently in advanced negotiations to secure 25,000 bbl/d of firm capacity on a pipeline to the Gulf Coast, which is targeted to be in service by … [Read more...]
Gulfport Energy Corporation Provides Operational Update
OKLAHOMA CITY, June 19, 2018 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an operational update. Key information includes the following: Lilly 3-15X10H produced at an average 60-day production rate of 15.7 MMcfe per day, or 2,302 Mcfe per 1,000 foot of lateral. Lilly 4-15X10H produced at an average 60-day production rate of 12.4 MMcfe per day, or 1,694 Mcfe per 1,000 foot of lateral. North Cheyenne 3-10X3H produced at an … [Read more...]
Denbury Resources Sanctions Cedar Creek Anticline CO2 EOR Development
PLANO, Texas, June 18, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced that the Company has sanctioned a CO2 enhanced oil recovery (“EOR”) project at Cedar Creek Anticline (“CCA”). CCA is a massive geological feature stretching approximately 125 miles in length across parts of Montana, North Dakota and South Dakota. Denbury’s portion of CCA covers approximately 175,000 acres and is estimated to hold up to five billion barrels of original … [Read more...]
Chaparral Energy Announces $300 Million Senior Notes Offering
OKLAHOMA CITY, June 18, 2018 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. (OTCQB:CHPE) announced today that it intends to offer $300 million of senior unsecured notes due 2023 to eligible purchasers, subject to market conditions and other factors. Chaparral intends to use the net proceeds from the offering to pay down the outstanding balance of its revolving credit facility and for general corporate purposes. The senior notes have not been, and will not be, registered under the Securities Act … [Read more...]
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