New Town, ND 58763 Shale Experts offers the most COMPLETE coverage of the . Sales per . Doug Burgum today signed a major pension reform bill that protects the retirement benefits for existing public employees and retirees and also protects taxpayers in the long-term by addressing a $1.9 billion unfunded liability in the North Dakota Public Employees Retirement System (NDPERS). Tel: 701-863-6500 Petroshale Profile and History. Suite 301 The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . Fax: 361-887-1804, 508 W Wall St 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 . These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. Drilling Activity ( Plaintiff: Petroshale (US), Inc. We are a pure-play North Dakota Bakken producer . Join MineralAnswers.com for Production Access, Liberty Resources Management Company, LLC. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. These include, but are not limited to, risks associated with the oil and gas industry in general (including but not limited to operational risks in development, exploration and production); delays or changes in plans with respect to exploration or development projects; receiving all necessary approvals for the Private Placements (including that of the TSXV) and the name change and any conditions to such approvals; capital expenditures, acquisitions or other corporate transactions; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Our new management team has a strong track record of disciplined operating and consolidating success in the Williston Basin. 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. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. Please notify DrillingEdge immediately if any inaccuracies are discovered. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p olicies of the TSX Venture Exchange) accepts responsibility for the adequacy or . Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. If you don't see it, please check your junk folder. The company has an estimated daily production 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. Operator Summary Operator Name: Petroshale (Us) Inc. Production Dates on File: September 2016 to February 2023 2 Counties With Production 44 Currently Producing Wells 91 Total Wells 197.8 k Barrels of Oil Produced in Feb 2023 455.8 k MCF of Gas Produced in Feb 2023 Map of Wells Associated with Petroshale (Us) Inc. The next issue of Financial Post Top Stories will soon be in your inbox. Website http://www.lucerocorp.com/ Industries Oil and Gas Company size 11-50 employees Headquarters Denver,. PetroShale disclaims any intention or obligation to update or revise any FOFI statements, whether as a result of new information, future events or otherwise, except as required by law. DENVER , Actual results could differ materially from those currently anticipated due to a number of factors and risks. The 2022 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. Canadas Top Public Venture Capitalist 2022. 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 . 99/month for 3 months SUBSCRIBE NOW Show Search. Burke oasis petroleum north america llc dahl w federal 5301 13- . This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements"). CO . CO . Tel: 701-982-3351, 390 119th Ave. SW Get email updates from your favourite authors. The New Management Team has a successful track record of creating shareholder value through a disciplined and long term integrated strategy of acquiring and developing assets, most recently at TORC Oil & Gas Ltd. ("TORC"). Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 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. 2023 Shale Experts, All rights reserved. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Fax: 214-880-7101, 710 Buffalo St. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. 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. This story was provided by Market One Media Group for commercial purposes. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Peters & Co. Limited is acting as exclusive financial advisor to the New Management Team. served to you completely ad free and you will be granted access to view every profile in its entirety, even Lucero is a pure-play North Dakota Bakken / Three Forks producer focused on top-tier acreage quality, and targeting the acquisition, development and production of oil and natural gas assets. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Mailing Address: Fax: 701-546-4646, Topics/Category*QuestionsCommentsRoyalty Owner QuestionsOther, McKenzie 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. We are a technically driven company focused on land interests with near term drilling exposure. 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. (2) Capital efficiency is a measure of forecast capital expenditures divided by forecast production additions. North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . Read more about cookies here. Aggregated production of all wells and leases associated with this property, Oil & Gas Properties in McKenzie County, ND, Burlington Resources Oil & Gas Company LP. TORC grew from nil production to more than 28,000 Boepd through the successful execution of several strategic acquisitions, combined with a low risk development drilling and exploitation program that advanced the prolific Bakken resource play in the southeast Saskatchewan region of the Williston Basin. 4561 106th Ave. NW With the resulting financial returns enhanced by increasingly positive market conditions, the New Management Team is excited to implement a proven disciplined strategy of acquiring and exploiting assets. and 6,592 MCF of gas, North Dakota Oil & Gas Producers Petroshale (us) Inc. Petroshale (us) Inc. 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. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. coming Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . Killdeer, ND 58640 Previously, Mr. Manchester was the Vice President, Operations of Vero Energy Inc., and prior thereto, the Production & Engineering Manager of True Energy Inc. Mr. Shwed is currently the President and Chief Executive Officer of Crew Energy Inc. Mr. Shwed graduated from the University of Alberta with a Bachelor of Science degree in Geology in 1980, and has held positions of increasing responsibility with various exploration and production companies before founding Baytex Energy Ltd. ("Baytex") in 1993. U.S. Army Corps of Engineers St. Paul District Public Affairs Office 332 Minnesota St., Suite E1500 St. Paul, MN 55101 Phone: (651) 290-5807 Fax: (651) 290-5752 (BOE) reported during the month Contact Us Regarding Your Company Profile All Companies Named PETROSHALE (US) INC. Search All North Dakota Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. solutions, Additional services customized for your needs. Fax: 303-295-10592, 12801 County Rd. Governor Doug Burgum, members of the 69th 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. If you are a Home delivery print subscriber, unlimited online access is. Daily puzzles including the New York Times Crossword. Henry Hill's water solutions are designed with you in mind. (jb) Subscribe now to read the latest news in your city and across Canada. House Bill 1540 will have a positive impact on thousands of . . Tel: 701-863-6622 company profile page along with the rest of the general data. FILE - North Dakota Gov. Copyright 2023 Lucero Energy Corp. All rights reserved. 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? Information in relation to the previous experience of New Management Team is not indicative of the future performance of PetroShale following the Private Placements. Information on the lease was last updated on October 1, 2021. Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . Shale Experts is a Members ONLY resource. Tel: 214-880-8400 In addition, all pages on Bizapedia will be Bismarck, ND 58501 Our approach to doing business is centered around sustainability, the environment, and both accountability and commitment with all stakeholders. Fax: 701-863-6620, 813 123rd Ave. SW ET on Thursday, April 28, 2022. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. BISMARCK, N.D. - Gov. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. For further information: Brett Herman, President and Chief Executive Officer, PetroShale Inc., Telephone: 403-266-1717; Marvin Tang, Vice President Finance and Chief Financial Officer, PetroShale Inc., Telephone: 403-266-1717 Share This: Previous Article He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. Phone Number. In addition to the New Management Team, one new independent director, Dale O. Shwed has been appointed to the board of directors of PetroShale (the "PetroShale Board"), which continues to include M. Bruce Chernoff, David Rain, Gary Reaves, Jacob Roorda and Brett Herman. Tel: 406-774-3017 PETROSHALE INC : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Toronto Stock Exchange: PSH | Toronto Stock Exchange . PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. The New Management Team has a strong track record of disciplined operating and consolidating success in the Williston Basin, where PetroShale's existing asset base is located (within the prolific North Dakota Bakken). Fax: 701-675-2504, 12710 95th St. NW Wells Associated With Petroshale (Us) Inc. Other North Dakota Operators List Alphabetically. More than 2,500 Subscribers rely on our data each day. Suite 600 Dallas, TX 75201 Tel: 214-880-8400 Fax: 214-880-7101 Regional Offices Corpus Christi, Texas 710 Buffalo St. Suite 301 Corpus Christi, TX 78401 Tel: 361-887-2111 Fax: 361-887-1804 Midland 508 W Wall St Suite 720 Midland, TX 79701 Bismarck, North Dakota Head Office Address. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Fax: 701-863-6999, 10060 81st St. NW Find production data for each well rolled up by owning operator. We employ a proven and repeatable strategy to generate value and develop the play with a consistent approach throughout the cycle. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. In addition, the use of any of the words "guidance", "initial, "scheduled", "can", "will", "prior to", "estimate", "anticipate", "believe", "should", "forecast", "future", "continue", "may", "expect", and similar expressions are intended to identify forward-looking statements. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, . 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. Suite 324 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. Mr. Tang has over 17 years of oil and gas experience in various financial and compliance related roles, most recently as the VP & Controller of TORC Oil & Gas Ltd. 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. Copyright 2023 CNW Group Ltd. All Rights Reserved. Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. Tel: 701-546-4601 The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. 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. Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. BISMARCK, N.D. - Gov. The ranking is composed of 10 companies from each of five industry sectors, selected based on three equally weighted criteria. Tel: 701-675-2467 This story was provided by a client for commercial purposes. DrillingEdge is constantly growing in oil and gas data and coverage. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play. Create an account or sign in to continue with your reading experience. These are the closest 20 properties to the Petroshale Us property. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Simplifying search for the right products and services, Respond to the industry requirements from all over the world, Simplifying your search for the right candidate, Learn why registering with us is the right step, Expand the reach of your business with our marketing PetroShale's strategic objectives associated with the 2022 capital budget are consistent with the New Management Team's long term objectives of delivering disciplined per share growth in combination with maintaining financial flexibility. Each Unit will be comprised of one Common Share and one warrant ("Warrant") entitling the holder to purchase one Common Share at a price of $0.475 per Common Share for a period of 5 years from the issuance date. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. if the company chooses to hide the private information on their profile from the general public. Pronghorn/Sanish and Lodgepole. 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PETROSHALE (US) PRODUCTION LLC was registered on 07/19/2013 as a foreign limited liability company type with the address 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . Suite 600 The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. Tel: 701-258-1557 Fax: 701-258-1562, 600 17th St. This press release is not an offer of the securities for sale in the United States. Additional information on these and other factors that could affect PetroShale's operations and financial results following the completion of the Private Placements are included in its Annual Information Form for the year ended December 31, 2020 and other reports on file with Canadian securities regulatory authorities, which may be accessed through the SEDAR website (www.sedar.com). Stark. These are the closest 14 companies operating near the Petroshale Us property. Concurrent with the appointment of the New Management Team and the Non-Brokered Private Placement, PetroShale has entered into an agreement, on a commercially reasonable efforts private placement basis, with a syndicate of agents led by Peters & Co. Limited for 112,500,000 Common Shares at a price of $0.40 per Common Share for gross proceeds of up to $45 million. The Warrants will vest and become exercisable as to one-third upon the 20-day volume weighted average trading price of the Common Shares (the "Trading Price") equalling or exceeding $0.67 per Common Share, an additional one-third upon the Trading Price equalling or exceeding $0.83 per Common Share and the final one-third upon the Trading Price equalling or exceeding $0.95 per share. PetroShale is pleased to announce the Company's Board of Directors has approved a 2022 capital budget of US$45 million (CDN$57 million), subject to completing the Private Placements. are no permits filed with the state Business Address: 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.
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