February 2019

Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Dateline City: MIDLAND, Texas Company Doubles Production, EBITDA, Proved Reserves and PV-10, Creating the Largest Horizontal San Andres Company on the Platform / Northwest Shelf MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced today that it has entered into a definitive agreement with Wishbone Energy Partners, LLC and its affiliates (“Wishbone”) to acquire its North Central Basin Platform assets located primarily in Southwest Yoakum County, Texas and

Callon Petroleum Company Announces Third Quarter 2018 Results

HOUSTON, Feb. 26, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today reported results of operations for the three months and full-year ended December 31, 2018. Presentation slides accompanying this earnings release are available on the Company’s website at www.callon.com located on the “Presentations” page within the Investors section of the site. 2018 Highlights Full-year 2018 production of 32.9 Mboe/d (79% oil), an increase of 44% over

Range Announces Appalachian Overriding Royalty Sale for $300 Million

FORT WORTH, Texas, Feb. 25, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter and year-end 2018 financial results.  Commenting on the results and 2019 plans, Jeff Ventura, the Company’s CEO said, “Range made solid progress on key strategic objectives in 2018.  Our capital spending was disciplined, coming in $31 million under budget due to efficient operations, longer laterals and innovative water recycling.  For the

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PLANO, Texas, Feb. 21, 2019 (GLOBE NEWSWIRE) — Torchlight Energy Resources, Inc. (TRCH) (“Torchlight” or the “Company”), today announced that the Company and its operating partner Maverick Operating have completed the drilling phase of all three wells in the drilling plans set out in Q4.  The Company was able to confirm several new potential Wolfcamp pay zones, in addition to the existing Penn Silt formation. Most importantly, the Company has confirmed a deep

QEP Resources Confirms Receipt of Proposal from Elliott

Termination of Agreement to Sell Williston Basin Assets DENVER, Feb. 20, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Company or other transaction involving the Company or its assets. QEP intends to engage in discussions with

Callon Petroleum Company Announces Third Quarter 2018 Results

HOUSTON, Feb. 12, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today announced its 2019 capital expenditure budget, reflecting a combination of financial discipline and capital efficiency gains. 2019 forecasted annual production of 39.5 – 41.5 MBoe/d (77% – 78% oil), representing growth of over 20% compared to current “street” consensus of 32.7 MBoe/d for 2018 Planned sequential decrease in 2019 operational capital expenditures to a range