BOE Report

ClearStream Announces New Board Member

CALGARY, Alberta, Feb. 22, 2019 (GLOBE NEWSWIRE) -- ClearStream Energy Services Inc. (“ClearStream”, or the “Company”, TSX: CSM and CSM.DB.A) is pleased to announce the addition of a new Board member, effective immediately: Karl Johannson has been appointed as a new Member of the Board of Directors of ClearStream and brings with him extensive operational experience in the Upstream and Midstream market segments, including Natural Gas and Energy Pipelines as well as in the Electricity … [Read more...]

Stockholders of Resolute Energy Approve Merger with Cimarex Energy Co.

DENVER, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE: REN) (“Resolute” or the “Company”) today announced that at a special meeting of stockholders held earlier today, Resolute’s stockholders voted to approve the adoption of the merger agreement between Resolute and Cimarex Energy Co. (“Cimarex”). 15,950,431 shares voted in favor of the proposal to adopt the merger agreement.  This represents approximately 85% of the total shares of Resolute’s common stock represented and … [Read more...]

Epsilon Energy Provides 2019 Capital and Production Guidance

HOUSTON, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (NASDAQ: EPSN; TSX: EPS) (“Epsilon” or the “Company”) today announced that its board of directors has approved a $20 to $25 million capital budget for 2019 which is expected to be fully funded from operational cash flow. The Company forecasts this capital program to generate 30% growth in production. The Company has liquidity of $35MM and does not anticipate utilizing funds from its undrawn credit facility. In the Marcellus Shale, … [Read more...]

Razor Energy Corp. Announces 2018 Year-End Reserves and Net Asset Value

CALGARY, Alberta, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2018 year-end reserves evaluation. The highlights and reserves summary below set forth Razor’s gross reserves as at December 31, 2018, as evaluated by Sproule Associates Limited (“Sproule”) in an independent report dated February 19, 2019 (the “Sproule Report”). The figures in the following tables have been prepared in accordance with the standards … [Read more...]

PDC Energy Issues Statement

DENVER, Feb. 22, 2019 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today issued the following statement in response to the public filing of a Schedule 13D by Kimmeridge Energy Management Company (“Kimmeridge”): PDC is open to the views and opinions of all shareholders. We take constructive suggestions seriously, and regularly review the Company’s portfolio, strategy and structure to drive value creation. While we typically do not comment on interactions with … [Read more...]

Zargon Oil & Gas Ltd. Announces Appointment of Additional Director

CALGARY, Alberta, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (the “Company” or “Zargon”) (TSX SYMBOL:  ZAR) announces the appointment of Glenn Koach to the Board of Directors effective February 21, 2019. Mr. Koach is currently Co-Founder/Portfolio Manager of Concise Capital Management, LP. (“Concise”). Concise is an SEC-registered investment adviser with currently over $340 million US in assets under management that specializes in short duration, under-followed high yield … [Read more...]

Halcón Resources Announces Leadership Changes

Floyd Wilson Steps Down from Management Team and Board James Christmas Appointed as Non-Executive Chairman of the Board of Directors $10 Million Estimated Reduction in Annual Overhead Costs as Part of Renewed Focus on Maximizing Shareholder Value Through Operational Improvement Denver, CO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced that Floyd Wilson has resigned from his role as the Company’s Chairman, Chief Executive … [Read more...]

Shell Midstream Partners, L.P. 4th Quarter 2018 Unaudited Results

Houston, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented midstream master limited partnership formed by Royal Dutch Shell plc (“RDS”), reported net income attributable to the partnership of $141.1 million for the fourth quarter of 2018, which equated to $0.45 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the partnership of … [Read more...]

Kelt Reports Significant Increases in Oil & Gas Reserves and Net Asset Value per Share as at December 31, 2018

CALGARY, Alberta, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is pleased to report on its oil & gas reserves and production for the year ended December 31, 2018. [Kelt's audit of its 2018 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2018 referred to in this press release are unaudited and represent management's estimates. Readers are advised that these financial estimates … [Read more...]

ALPHA ENERGY, INC. entered into a Purchase and Sale Agreement with Chicorica, LLC. The Agreement is to acquire oil and gas assets in New Mexico in the Rayado Project.

HOUSTON, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Alpha Energy, Inc. (OTC.PK - APHE) ("Alpha") announced today a definitive Purchase and Sale Agreement with Chicorica, LLC, to acquire oil and gas assets in New Mexico in the Rayado Project. Rayado Project The Rayado Project is a conventional exploration prospect in New Mexico targeting a seismically-defined structure. In addition to the main prospect there are three other prospects. Alpha will begin leasing activities and gain a position on some or … [Read more...]

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