petroshale north dakota office

Petroshale Inc. Announces First Quarter 2022 Financial & Operating Results Contest trading begins at 9:30 a.m. Burgum signed a bill Monday, April 24, 2023, that limits access to bathrooms, locker rooms and shower rooms for transgender and gender-nonconforming people in several state facilities. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 2023 Shale Experts, All rights reserved. Tel: 701-863-6622 Doug Burgum, members of the 68 th Legislative Assembly and State Tax Commissioner Brian Kroshus today celebrated the signing of a major tax relief package that will provide a combined $515 million in savings for payers of state individual income tax and local property tax over the next two years.. Burgum signed House Bill 1158 with Rep. Craig Headland, the bill's . solutions, Additional services customized for your needs. Continued aggressive acquisition strategy in North Dakota, closing three separate transactions. Petroshale (us) Inc. This press release is not an offer of the securities for sale in the United States. Youre invited to participate in a stock trading simulation contest featuring this years top 50 performing public venture companies on TSX Venture Exchange. Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development drilling inventory; Maximizing free cash flow through an efficient capital program focused on high graded development drilling opportunities; Moderating the Company's production decline profile; Directing the pace of the capital program to maintain spending flexibility throughout the year; and. Copyright 2023 CNW Group Ltd. All Rights Reserved. Calgary ND T2P 3N9. PetroShale also announced an oversubscribed $54.5 million equity financing designed to recapitalize the company, their 2022 capital budget and production guidance, along with a proposed name change to Lucero Energy Corp. To learn more about PetroShale Inc.s unique investment proposition, visit their website here. Suite 720 The map below shows the exact location of the asset in the state of North Dakota in the United States. In connection with the appointment of the New Management Team, PetroShale intends to complete (i) a non-brokered private placement of units of PetroShale (the "Units") with the New Management Team for gross proceeds of $9.5 million (the "Non-Brokered Private Placement"), and (ii) a brokered commercially reasonable efforts private placement of common shares of PetroShale ("Common Shares") for gross proceeds of up to $45.0 million (the "Brokered Private Placement"), and combined with the Non-Brokered Private Placement (the "Private Placements"), gross proceeds of up to $54.5 million will be raised. With a new management team on board and a strong vision in place, PetroShale Inc. (TSXV:PSH) has been recognized as one of this years TSX Venture 50 winners. Anderson South 3MBH | API #33-053-09113 | Petroshale (Us) Inc. Oil and Gas information that can give you a competitive edge in a very competitive landscape. PetroShale Inc. Announces Appointment of New Management - EnergyNow Bear Den - Petroshale Oil and Gas Asset (North Dakota, United States PetroShale Announces Property Acquisition, Executive Management and Board Changes and Private Placement PetroShale Inc. is pleased to announce the acquisition of additional land in one of our. Actual results could differ materially from those currently anticipated due to a number of factors and risks. 99/month for 3 months SUBSCRIBE NOW Show Search. north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . The forward-looking statements contained in this press release are made as of the date hereof and neither PetroShale nor the New Management Team undertake any obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. * Earnings dates may be subject to change. FILE - North Dakota Gov. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Petroshale (us) Inc. is Tel: 361-887-2111 More than 2,500 Subscribers rely on our data each day. CO . In 2003, Baytex was reorganized into Baytex Energy Corp. and Crew Energy Inc. Mr. Shwed served on the Board of Directors of TORC Oil & Gas Ltd. from 2012 to 2021, and is currently on the Board of Directors of Inplay Oil Corp. BISMARCK, N.D. - Gov. North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. ND Energy Co. Wants Second Drilling Rights Suit Nixed Petro-Hunt has active operations in eight counties in North Dakota and four in Montana. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha Support local journalists and the next generation of journalists. Burgum, Tax Commissioner and Legislative Assembly Celebrate Signing of Peters & Co. Limited is acting as exclusive financial advisor to the New Management Team. currently ranked #22 in the state of North Dakota based on a total production By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The Venezuelan Finance Ministry yesterday said that the China Development Bank will finan Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Ca Oil prices fell yesterday as US President Donald Trump asked OPEC to REDUCE PRICING NOW Visibility in the global oil & gas community, Access to thousands of global oil & gas tenders. 197.8 k Barrels of Oil Produced in Feb 2023. For further information: Brett Herman, President and Chief Executive Officer, PetroShale Inc., Telephone: (825) 509-4480, Email: info@petroshaleinc.com; Marvin Tang, Vice President, Finance and. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Maintaining PetroShale's strong financial position and flexibility to take advantage of additional growth opportunities as they arise. Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). Sales per . The company id for this entity is 24694200. if the company chooses to hide the private information on their profile from the general public. is comprised solely of the family-owned entities headquartered in Dallas, Texas, as described herein, including Petro-Hunt, L.L.C. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), PetroShale Fourth Quarter, Full Year 2020 Results; Reserves, PetroShale's Credit Facility Increased 64% to $82MM, Bakken Operator Double Production Year-over-Year, PetroShale Hits 14% Production Growth at Year-End 2017; 2,121 BOEPD, PetroShale Touts Oily New Well IPs in the Bakken, 2,759 BOPD Well Drilled in McKenzie County, ND, Petroshale's First Operated Bakken Well Flows 2500 BOPD, PetroShale Ups Ante in the Bakken; Acquires Property for $55MM, PetroShale Picks Up Additional Bakken Acreage for $17.8MM, PetroShale Adds Interest in EOG-Operated Bakken Drilling Unit, Bakken Operator Doubles Production Year-over-Year, Petroshale Closes Three 1Q Acquisitions in ND, PetroShale Talks Bakken Strategy; Looks to Expand Portfolio, PetroShale, Slawson Announce Successful Upper Bakken Shale Test, Future and current Drilling Plans in , as of 05-01-2023, Intent To Drill/Drilling Permits for , as of 05-01-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. CALGARY, AB, Jan. 13, 2022 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, Operations. To get full access now. In addition, all pages on Bizapedia will be "This is a historic day for North Dakota children, parents and employers. PetroShale, we, us, our or the Corporation means PetroShale Inc. and where the context requires, means us and all our controlled entities on a consolidated basis, and where the context requires, also means our predecessor issuers, Mondak Petroleum Inc., Algonquin Oil & Gas Limited and their . We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. In its most recent press release in January, the company announced that they expanded the PetroShale Board with a solid track record of building, financing and directing oil and gas companies and bringing a wide range of experience, knowledge and innovation to the recapitalized entity. /NOT FOR DISSEMINATION IN THE UNITED STATES. Aggregated production of all wells and leases associated with this property, Oil & Gas Properties in McKenzie County, ND, Burlington Resources Oil & Gas Company LP. Burgum signs bill to reform state pension plan, protect taxpayers from ALL DOLLAR AMOUNTS IN THIS NEWS RELEASE ARE STATED IN CANADIAN DOLLARS UNLESS OTHERWISE NOTED./. He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. Suite 2550S PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. Suite 324 Petro Hunt | Contact This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements"). PetroShale is an oil company engaged in the acquisition, development and production of high-quality oil-weighted assets in the North Dakota Bakken / Three Forks. The reserve information for PetroShale in the foregoing table is derived from the independent engineering report effective December 31, 2020 prepared by Netherland Sewell & Associates evaluating the oil, NGL and natural gas reserves attributable to all of the Company's properties. Tel: 701-982-3351, 390 119th Ave. SW Dallas, TX 75201 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The next issue of Financial Post Top Stories will soon be in your inbox. Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. Daily puzzles including the New York Times Crossword. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. h & p 515 petro-hunt dakota, llc hot rod 149-102-27c-26-3h nw sw 27 149n 102w mckenzie 39294 3305309936 12/02/2022 Share your thoughts and join the conversation in the comments. Strategy to acquire and develop tier one leases in the core of the prolific Williston Basin, where the Bakken / Three Forks resource is the most intense with stacked pay zones, offering compelling economic returns. There was an error, please provide a valid email address. The information contained in this press release does not purport to be all inclusive or to contain all information that prospective investors may require. We are sorry, but your computer or network may be sending automated queries. 1801 BROADWAY STE 920 DENVER, CO 80202-3805 Mailing Address. The acquisition is in line with PetroShales strategy of acquiring and developing lands in North Dakota Bakken region to benefit its shareholders through production and reserve growth. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Wallace was a nine-year veteran of the department, having previously worked as a travel agent before beginning his law enforcement career with the Stark County Sheriff's Office in 2011. The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. The stability of the high quality, lower decline, light oil assets in the Bakken resource play in North Dakota positions PetroShale to provide value creation through a disciplined long term focused growth strategy. Corpus Christi, TX 78401 PetroShale Announces Property Acquisition, Executive Management and Suite 301 Please try again. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? oasis petroleum north america llc dahl w federal 5301 13- . ET on Thursday, March 3, 2022 and ends at 4 p.m. PetroShale has the following key operational and financial attributes: 2022E Average: 10,500 11,000 boepd (85% light oil and liquids), 2022E Exit: 11,000 boepd (85% light oil and liquids), Approximately 72 MMboe (87% light oil and liquids), Corporate production decline: 30% (2022E), Capital Efficiency(2),(3): $17,000/boepd (IP 365), $134 million ($82 million pro forma the Private Placements), 521 million (657 million pro forma the Private Placements). PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. PetroShale Inc. is pleased to announce that it has finalized an agreement to acquire an 18.75% Working Interest in a proposed drilling unit in McKenzie County, North Dakota, for a total purchase . Reporting Year From: 2020-01-01. of 02-01-2023. CALGARY, AB, May 24, 2022 /CNW/ - Lucero Energy Corp. (" Lucero " or the " Company ") (formerly PetroShale Inc.) (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce that it has completed the. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors they consider in investigating and analyzing PetroShale and the New Management Team. This site is protected by reCAPTCHA and the Google. While we are constantly updating and improving our datasets and product, we do not guarantee that the results and coverage provided are 100% complete and up to date. Fax: 406-774-3117, County Rd. DENVER , Doug Burgum today signed House Bill 1540, which provides nearly $66 million to support child care services and help address a major barrier to workforce participation as North Dakota continues to face a severe workforce shortage. DrillingEdge is constantly growing in oil and gas data and coverage. of 21,295,076 barrel of oil equivalent (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. PetroShale's actual results, performance or achievement following the completion of the Private Placements could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits PetroShale will derive therefrom. 80203-1262. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on any financial outlook or FOFI. Due to strong demand, PetroShale agreed to increase the size of the Brokered Private Placement from its initial target of $30 million. Petroshale (Us) Inc. This story was provided by Market One Media Group for commercial purposes. 303 E 17th Ave Ste 940 Each registrant will be provided an initial balance of $50,000 of virtual cash in their contest portfolio account (no actual money will be involved) and asked to build a portfolio based on this years TSX Venture 50. Shale Experts is a Members ONLY resource. North Dakota; McKenzie County, ND; Oil & Gas Properties in McKenzie County, ND; Petroshale Us Oil & Gas Property; Map of Wells Full Screen Map 3-D Map . A major drilling operator has reportedly saved C$130k and avoided multiple trips per sect EPC giant, TechnipFMC has landed subsea contracts for Anadarkos Mozambique LNG Project. Prior thereto, Mr. Tang was the Manager of Financial Reporting of Result Energy Inc. and TriStar Oil & Gas Ltd. Mr. Brown has significant geological oil and gas experience, particularly in the Williston Basin, and most recently was the VP Geosciences at TORC Oil & Gas Ltd. Tel: 214-880-8400 The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. 2101 Cedar Springs Rd. Williston Basin Oil And Gas Non Competitive Lease

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