CALGARY, Alberta, April 20, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) is pleased to report financial and operating results for the three months and year ended December 31, 2017. Highlights of the period and additional updates are summarized below: HIGHLIGHTS Financial Year endedDecember 31, 2017 Year endedDecember 31, 2016 (3) Three Months endedDecember 31, 2017 ($ thousands, except share amounts) Petroleum and natural … [Read more...]
Sanchez Energy Announces First Quarter 2018 Operating Results
HOUSTON, April 19, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the “Company”) today announced operating results for the first quarter 2018. Highlights include: First quarter 2018 production of nearly 7.3 million barrels of oil equivalent (“MMBoe”), or 80,572 barrels of oil equivalent per day (“Boe/d”); The Company completed 73 gross wells, finished completion activities on all of the 132 gross drilled-but-uncompleted wells (“DUCs”) acquired with the … [Read more...]
Valero Energy Partners LP Increases Quarterly Cash Distribution by 3.9 Percent
SAN ANTONIO, April 19, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP (NYSE:VLP) (the “Partnership”), has approved the Partnership’s first quarter 2018 cash distribution of $0.5275 per unit. This distribution represents a 3.9 percent increase over the Partnership’s previous quarterly distribution, and is payable on May 9, 2018, to unitholders of record at the close of business on May 1, 2018. As a reminder, … [Read more...]
Martin Midstream Partners Announces Quarterly Cash Distribution
KILGORE, Texas, April 19, 2018 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ:MMLP) announced today it has declared a quarterly cash distribution of $0.50 per unit, or $2.00 per unit on an annualized basis, for the quarter ended March 31, 2018. The quarterly distribution is unchanged from the distribution paid following the previous quarter. The distribution is payable on May 15, 2018 to common unitholders of record as of the close of business on May 8, 2018. Martin Midstream … [Read more...]
Ultra Petroleum Announces First Quarter Production Above Mid-Point of Guidance, Borrowing Base Reaffirmed at $1.4 Billion and Credit Agreement Amendment Stepping Up Leverage Ratio Covenant to 4.5X
HOUSTON, April 19, 2018 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces: First quarter average production of 803 MMcfe/d exceeded the mid-point of guidance for the quarter,Borrowing base unanimously reaffirmed at $1.4 billion by the Company’s bank group,Revolving credit agreement amendment unanimously approved to provide leverage covenant relief to 4.50 times, andFirst quarter 2018 earnings conference call will be held May 10, 2018. First Quarter 2018 Production Above … [Read more...]
Saturn Oil & Gas Inc. Increases Land Position and Closes Pooling Agreement
SASKATOON, Saskatchewan, April 19, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that the Company was successful bidder on two sections of land in the recent Saskatchewan Crown land sale. This brings the Company's total land holding to 15.0 gross sections (10.5 net). The Company has also closed a Pooling Agreement (the “Agreement”) with a major Viking producer to develop its Whiteside property. The two sections … [Read more...]
Kelt Announces Results of Shareholders’ Meeting and Additions to Its Board and Executive Team
CALGARY, Alberta, April 19, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held April 18, 2018 have been fully authorized and approved. A total of 113,455,276 common shares, representing 62.94% of the common shares, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes is set forth … [Read more...]
Gulfport Energy Corporation Provides First Quarter 2018 Production and Pricing and Schedules First Quarter 2018 Financial and Operational Results Conference Call
OKLAHOMA CITY, April 19, 2018 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an update for the quarter ended March 31, 2018. Key information for the first quarter of 2018 includes the following: Net production averaged 1,288.6 MMcfe per day, a 2% increase over the fourth quarter of 2017 and 52% increase versus the first quarter of 2017.Realized natural gas price, before the impact of derivatives and including transportation costs, … [Read more...]
Virtus Oil and Gas Releases Financials With $14 Million in Assets
LAS VEGAS, April 19, 2018 (GLOBE NEWSWIRE) -- Virtus Oil and Gas Corporation (VOIL), has placed on the Company’s website all financials current through November 2017. The Company now is showing $14 million in assets, has also entered into tentative agreements to acquire additional assets, planning a workover on the Tin Cup Federal 4-26 and promoted Company SVP Brett A. Murray to EVP. Company CEO, Dan Green, has worked tirelessly with Company’s accountants to update the financial statements. … [Read more...]
LINN Energy Provides a Strategic Update on Separation, Announces New Leadership and Schedules First Quarter 2018 Earnings Conference Call
HOUSTON, April 18, 2018 (GLOBE NEWSWIRE) -- LINN Energy, Inc. (OTC:LNGG) (“LINN” or the “Company”) provides a strategic update on the previously announced separation, announces new leadership and schedules its first quarter 2018 earnings conference call. Strategic Update on the Separation Plan The Company’s Board of Directors (the “Board”) and management continue to evaluate strategic opportunities to increase shareholder value. As previously announced, the Board believes the Company trades … [Read more...]
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