admin

Oil and Gas Lease Fundamentals (webinar available)

Location: Doubletree By Hilton Pittsburgh Airport 8402 University Blvd Moon Township, PA 15108-4203 Date: July 27, 2017 Time: 8:30 AM – 4:30 PM Credits: 6.00 CEU Speaker: Mark A. Acree, CPL Richard C. Sponaugle, CPL  SCHEDULE: 8:00AM- Registration and Continental Breakfast 8:15AM – The Basics: Essential Lease Terms & Provisions 12:00PM – Lunch (NOT PROVIDED)   1:00PM – Commonly Encountered Lease Provisions   4:30PM – Adjourn SEMINAR TOPICS: Understand the Essential Components

Encana  announces agreement to sell its Piceance natural gas assets

Encana Corporation (Encana) (TSX:ECA) (NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC (Caerus). Total cash consideration to Encana under the transaction is $735 million. In addition, Encana will reduce its midstream commitments by approximately $430 million, on an undiscounted basis, and will market

Denbury Resources to Acquire Interest in Rockies CO2 Flood

Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced that it has entered into a definitive agreement with certain subsidiaries of Linn Energy, Inc. to acquire their 23% non-operated working interest in Salt Creek Field in Wyoming for $71.5 million.  Denbury plans to initially fund the acquisition with its bank line, but anticipates this cost would ultimately be offset through the sale of non-productive surface acreage ideally suited for

LINN Energy Announces Exit From California With Brea Asset Sale of $100 Million

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) announced today that it has signed a definitive agreement to sell its interest in properties located in the Los Angeles Basin to an undisclosed buyer for a contract price of $100 million, subject to closing adjustments, with an additional $7 million contingent payment if certain operational requirements are satisfied within one year. The net proceeds from the sale are expected to be

Oil and Gas Land Review, CPL/RPL Exam

Location: Hilton Garden Inn Cherry Creek 600 S Colorado Blvd Denver, CO 80246-1503 Date:  July 11-14, 2017 Credits: 18.00 CEU 1.00 CEU Ethics Speaker: Owen M. Barnhill, CPL  Thomas M. Rucker II, CPL  Curtis D. Horne, CPL REGISTER:  https://personify.landman.org/PersonifyEbusiness/Events/AAPLEventsCalendar/MeetingDetails.aspx?productId=1961168

TRILOGY ENERGY CORP. COMPLETES SALE OF CERTAIN ASSETS IN THE GRANDE PRAIRIE AREA OF ALBERTA FOR $50 MILLION

Trilogy Energy Corp. (“Trilogy”) (TSX – TET) is pleased to announce that it has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 Million, with the proceeds to be used to reduce Trilogy’s indebtedness under its revolving credit facility. SOURCE:  http://trilogyenergy.mwnewsroom.com/Files/84/84608533-5743-44d4-9051-d97de512cc76.pdf

LINN Energy Closes on the Jonah Sale, Announces Amendment to Credit Agreement and Authorization of Initial Share Repurchase Program

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) today announces closing on the sale of its assets in the Jonah Field and Pinedale Anticline in Wyoming (the “Jonah Sale”). The Company also announces it has fully repaid and retired its LIBOR +750 Term Loan due 2021 and amended its Revolving Credit Agreement effective May 31, 2017. In addition, the Company’s Board of Directors (the “Board”) has authorized a share repurchase

Abraxas Announces Acquisition of 2,008 Net Wolfcamp/Bone Spring Acres

May 23, 2017– Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the signing of a definitive agreement to acquire 2,008 net acres and 33 Boepd in Ward County, Texas prospective for the Wolfcamp/Bone Spring. Highlights include: Definitive agreement signed to acquire 2,008 net acres and 33 Boepd (91% natural gas) in Ward County prospective for the Bone Spring and Wolfcamp for $22.2 million Up to four identified zones

Working Interest/ Net Revenue Interest Seminar

Location: Hilton Garden Inn Houston Energy Corridor 12245 Katy Fwy Houston, TX 77079-1502 Date:  July 18, 2017 Time:  8:00 AM – 3:30 PM Credits:  6.00 CEU Speaker:  Douglas M. Potter, CPL SCHEDULE: 8:00AM- Registration and Continental Breakfast 8:15AM – Instruction & Examples 11:30AM – Lunch (provided) 12:00PM – Instruction & Examples continued 3:30PM – Adjourn SEMINAR TOPICS: Effects of Typical Lease Clauses | Granting Clause | Royalty Clause | Proportionate