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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

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:

Earthstone Energy Announces Northern Midland Basin Asset Acquisition for $950 Million and Preliminary 2019 Capital Expenditure Program and Operational Guidance

Dateline City: THE WOODLANDS, Texas THE WOODLANDS, Texas–(BUSINESS WIRE)–Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that due to the recent significant decline in commodity prices and the related adverse effect on the debt and equity markets, the Company and Sabalo Holdings, LLC (“Sabalo Holdings”) have entered into an agreement to terminate the pending acquisition by the Company of Sabalo Energy, LLC under a Contribution Agreement dated

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

Hess Completes Sale of Utica Acreage

Focus on High Return Investments to Deliver Capital Efficient Production Growth and Significant Future Free Cash Flow NEW YORK–(BUSINESS WIRE)–Dec. 10, 2018– Hess Corporation (NYSE:HES) today announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent per

Enterprise Begins Construction of Seventh Natural Gas Processing Plant in Delaware Basin; Orla II Now in Service

HOUSTON–(BUSINESS WIRE)–Oct. 31, 2018– Enterprise Products Partners L.P. (NYSE: EPD) today announced it has begun construction of the Mentone cryogenic natural gas processing plant in Loving County, Texas. The facility, which is expected to begin service in the first quarter of 2020, will have the capacity to process 300 million cubic feet per day of natural gas and extract in excess of 40,000 barrels per day (“BPD”) of natural gas

Earthstone Energy Announces Northern Midland Basin Asset Acquisition for $950 Million and Preliminary 2019 Capital Expenditure Program and Operational Guidance

Dateline City: THE WOODLANDS, Texas Midland Basin Footprint to Increase by 69% and Approximately Double Both Current Production and Gross Operated Midland Basin Locations THE WOODLANDS, Texas–(BUSINESS WIRE)–Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”) today announced that it has entered into an agreement (the “Agreement”) with Sabalo Holdings, LLC (“Sabalo Holdings”), whereby Earthstone will acquire all of Sabalo Holdings’ interests in Sabalo Energy, LLC (“Sabalo”) and Sabalo Energy, Inc., whose assets

Earthstone Energy Announces Northern Midland Basin Asset Acquisition for $950 Million and Preliminary 2019 Capital Expenditure Program and Operational Guidance

Dateline City: THE WOODLANDS, Texas Increases Midland Basin Operated Production and Acreage THE WOODLANDS, Texas–(BUSINESS WIRE)–Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced the closing of an acreage trade with an undisclosed operator in the Midland Basin of Texas. Earthstone has acquired 3,899 net operated acres in Reagan County with virtually a 100% working interest, in exchange for 1,222 net non-operated acres in Glasscock County with an

Hess Completes Sale of Utica Acreage

NEW YORK–(BUSINESS WIRE)–Aug. 31, 2018– Hess Corporation (NYSE: HES) today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. Proceeds from this transaction will be used to invest in the company’s higher return growth opportunities in Guyana and the Bakken

Hess Announces Sale of Utica Acreage

NEW YORK–(BUSINESS WIRE)–Jun. 29, 2018– Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our portfolio by divesting lower return, non-core assets as part of our strategy to deliver long term value