Oil

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

Production increased 92% over the prior year, averaging 34,598 barrels of oil equivalent (“Boe”) per day; strong well performance driving an increase in 2019 production guidance with no change to capital spending guidance. Drilling and development capital expenditures totaled $74.0 million, a 5% reduction versus the prior quarter. Cash flow from operations, excluding an $11.4 million net increase from changes in working capital, was $87.5 million. Northern spent $15.1 million

Murphy Oil Corporation Announces Strategic Sale of Malaysian Portfolio in All-Cash Transaction Valued at US$2.127 Billion

Executed Agreements to Divest Malaysia Assets for $2.127 Billion, and Subsequent to Quarter End, Acquire Gulf of Mexico Assets for $1.375 Billion Drilled Discovery Wells in Mexico and Vietnam EL DORADO, Ark.–(BUSINESS WIRE)–May 2, 2019– Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the first quarter ended March 31, 2019, including net income attributable to Murphy of $40 million, or $0.23 per diluted share. Adjusted

Murphy Oil Corporation Announces Strategic Sale of Malaysian Portfolio in All-Cash Transaction Valued at US$2.127 Billion

Accretive Cash Flow Generating Acquisition that Increases Operatorship in the Region Murphy Continues Strategic Multi-Year Transformation EL DORADO, Ark.–(BUSINESS WIRE)–Apr. 23, 2019– Murphy Oil Corporation (NYSE: MUR) announced today that its wholly owned subsidiary, Murphy Exploration & Production Company – USA (“Murphy”), has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C., (“LLOG”). The accretive, cash

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

HIGHLIGHTS Production from the Assets is expected to average 6,600 Boe per day (2-stream) during the second half of 2019 The Assets consist of 86.9 net producing wells, 2.7 net wells in process and 47.5 net undrilled locations within approximately 18,000 net acres in the core of the Williston Basin The Assets are expected to be accretive to earnings, cash flow per share, and future drilling inventory and will strengthen

Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Dateline City: MIDLAND, Texas Company Doubles Estimated Production, Future EBITDA, Proved Reserves and PV-10 Acquisition Creates Largest Horizontal San Andres Company on the Central Basin Platform / Northwest Shelf MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced today that it has closed its transaction with Wishbone Energy Partners, LLC, Wishbone Texas Operating Company LLC and WB WaterWorks, LLC (“Wishbone”) to acquire their Northwest Shelf assets located primarily

Murphy Oil Corporation Announces Strategic Sale of Malaysian Portfolio in All-Cash Transaction Valued at US$2.127 Billion

Strategic Exit from Malaysia Simplifies the Company and Enables Enhanced Focus on Western Hemisphere Assets Cash Proceeds Will be Allocated to Share Repurchases, Debt Reduction and Support Sustained Oil-Weighted Growth Board Authorizes $500 Million Share Repurchase Program EL DORADO, Ark.–(BUSINESS WIRE)–Mar. 21, 2019– Murphy Oil Corporation (NYSE: MUR) (“Murphy”) announced today that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its

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

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