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...]
Energy XXI Gulf Coast Announces Definitive Agreement to be Acquired by an Affiliate of Cox Oil for Approximately $322 Million, or $9.10 Per Fully Diluted Share
Conference Call Scheduled for 8:00 a.m. Central Today to Discuss Transaction HOUSTON, June 18, 2018 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ:EGC) today announced the signing of a definitive agreement with a Cox Oil affiliate (“Cox”), an independent, privately-held entity that owns and operates assets in the Gulf of Mexico, pursuant to which Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a … [Read more...]
PrairieSky Royalty Appoints New Independent Director
CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- James Estey, Chair of the Board of Directors of PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) is pleased to announce the appointment of Myron M. Stadnyk, P. Eng., to the company's Board of Directors. Mr. Stadnyk’s appointment is effective June 18, 2018. "On behalf of the Board, I am pleased to welcome Mr. Stadnyk as our newest director and look forward to his contributions to PrairieSky," said Mr. Estey. "Myron is recognized within the … [Read more...]
Baytex and Raging River to Merge and Create a Top-Tier North American Oil Producer with Exceptional Assets and a Strong Balance Sheet
CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) and Raging River Exploration Inc. (“Raging River”)(TSX:RRX) are pleased to announce that their respective boards of directors have unanimously agreed to a strategic combination of the two companies (the “Transaction”). The combined organization will be a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets across North … [Read more...]
Leucrotta Announces Upper Montney Light Oil Discovery at Two Rivers
CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV:LXE) is pleased to announce the following update: TWO RIVERS UPPER MONTNEY DISCOVERY Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 10-08-83-16W6 to extend expiring lands in the Two Rivers area of British Columbia. The well was tested on clean-up for 10 days and had a flow rate on the last day of the test of 1,842 boe/d comprised of 685 bbl/d of … [Read more...]
Peyto Exploration & Development Corp. Confirms Dividends for July 13, 2018
CALGARY, Alberta, June 15, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") confirms that the monthly dividend with respect to June 2018 of $0.06 per common share is to be paid on July 13, 2018, for shareholders of record on June 30, 2018. The ex-dividend date is June 28, 2018. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto … [Read more...]
TransCanada Launches Binding Open Season for Marketlink
CALGARY, Alberta, June 15, 2018 (GLOBE NEWSWIRE) -- Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today launched an open season to solicit binding commitments from interested parties for transportation of crude oil on the Marketlink Pipeline System from Cushing, Oklahoma to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the open season that will close at 12 p.m. MT on July 13, 2018. Shipper … [Read more...]
Sundance Energy Provides June 2018 Operational Update
DENVER, June 15, 2018 (GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, today provided an update regarding development activities on both its legacy acreage and the acreage recently acquired from a JV controlled by Pioneer Natural Resources. Sundance has completed drilling (“SPUD to TD”) the Harlan Bethune 25H, 26H and 27H three well … [Read more...]
Crescent Point Energy Confirms June 2018 Dividend
CALGARY, Alberta, June 15, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) confirms that the dividend to be paid on July 16, 2018, in respect of June 2018 production, for shareholders of record on June 30, 2018, will be CDN$0.03 per share. These dividends are designated as “eligible dividends” for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point’s dividends are considered “qualified dividends.” Crescent … [Read more...]
Toscana Sells Gas-Weighted Assets, Completes Renewal of its Credit Facilities and Proposes to Consolidate its Carmangay Barons Oil Pool
CALGARY, Alberta, June 14, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) is pleased to announce that it has sold its gas-weighted Gross Overriding Royalty Interests (the “Gas Assets”) to a private company for total cash consideration of $7.5 million, subject to customary industry adjustments, with an effective date of April 1, 2018. The Gas Assets have current net production of approximately 200 BOE/d (65% gas). Proceeds of the sale of the … [Read more...]
