This story was provided by a client for commercial purposes. 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. (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. 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). 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). Law360 (April 20, 2023, 1:23 PM EDT) -- A North Dakota energy company asked a federal judge to toss an amended complaint brought by a rival oil and gas developer over drilling rights, saying the . All securities issued in connection with the Private Placements will be subject to a Canadian statutory hold period of four months plus one day from the respective date of closing. PETROSHALE (US) PRODUCTION LLC | North Dakota Company Directory PetroShale plans to continue to grow organically and pursue further drilling on existing assets. Calgary, AB T2P 3N9, April 10, 2023 Lucero Energy Corp Announces Inaugural Sustainability Report, March 9, 2023 Lucero Announces Fourth Quarter and Year-End 2022 Financial & Operating Results, Highlighted by Record Funds Flow and Net Income, and Reports Year-End 2022 Reserves, December 15, 2022 Lucero Announces 2023 Capital Budget & Production Guidance. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Wells Associated With Petroshale (Us) Inc. Other North Dakota Operators List Alphabetically. 350 - 7th Ave SW, Suite 3900. Burgum, Tax Commissioner and Legislative Assembly Celebrate Signing of Location The map below shows the exact location of the asset in the state of North Dakota in the United States. In January, 2022, we announced a new management team and board member, and an oversubscribed $54.5 million equity financing designed to recapitalize the Company. Website http://www.lucerocorp.com/ Industries Oil and Gas Company size 11-50 employees Headquarters Denver,. The ranking is composed of 10 companies from each of five industry sectors, selected based on three equally weighted criteria. that Petroshale (us) Inc. can drill in the future. 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 The expanded PetroShale Board has a solid track record of building, financing and directing oil and gas companies and brings a wide range of experience, knowledge and innovation to the recapitalized entity. Research Data Analyst - Remote, North Dakota, United States We are sorry, but your computer or network may be sending automated queries. PETROSHALE (US) PRODUCTION LLC :: North Dakota (US) :: OpenCorporates Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value. PETROSHALE INC : Shareholders Board Members Managers and Company Reporting Entity Name Currency of the Report Reporting Entity ESTMA 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. Subscribe now to receive immediate access to. . Petroshale Inc. - Shale Experts PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Canadas Top Public Venture Capitalist 2022. Contact Name: NORTHWEST REGISTERED AGENT Contact Phone: (303) 297-1407 Business Address: Petroshale (us) Inc. 303 E 17th Ave Ste 940 DENVER , CO . Head Office Address. Daily puzzles including the New York Times Crossword. Henry Hill's water solutions are designed with you in mind. 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. 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. 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. PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. BISMARCK, N.D. - Gov. United States of America. Henry Hill Oil Services - Supporting the oil well infrastructure across Information on the lease was last updated on October 1, 2021. Fax: 303-295-10592, 12801 County Rd. Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). Access articles from across Canada with one account. Williams ever been included, affiliated or connected in any way with or had any joint or common business enterprises or dealings of any kind with Petro-Hunt, Inc., a Kentucky corporation, its president J. PetroShale's 2022 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development. and 6,592 MCF of gas, Petroshale: Employee Directory | ZoomInfo.com Prospective investors are encouraged to conduct their own analysis and reviews of PetroShale and the New Management Team and the other information contained in this press release. Suite 720 Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. Tel: 701-258-1557 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"). Reporting Year From: 2020-01-01. To get full access now. 303 E 17th Ave Ste 940 The information contained in this press release does not purport to be all inclusive or to contain all information that prospective investors may require. ET on Thursday, March 3, 2022 and ends at 4 p.m. Corps of Engineers honors its Fargo, North Dakota, office with Civil (1) All reserves information in this press release are gross reserves. 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. 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). PetroShale has built a sustainable growth platform of light oil focused assets. . 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. Petro-Hunt L.L.C. DENVER , 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. Cass County has two winners because they had identical scores during their evaluations, according to the office of North Dakota K-12 Superintendent. 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. Petroshale Us in McKenzie County, ND | Oil & Gas Production and Well PetroShale achieved several strategic operational objectives through the execution of the ompany's $63 million capital expenditure1 program in 2021, including efficiently executing on 6 (4.95 net) operated wells and maximizing free cash flow1 from the ompany's high quality assets focused in the North Dakota Bakken and Three Forks play. Petroshale (us) Inc. is 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. For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. Williston Basin Oil And Gas Non Competitive Lease coming PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Tel: 406-774-3017 "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. Although PetroShale believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because there is no assurance that they will prove to be correct. Petroshale corporate office is located in 421-7th Ave SW, Calgary, Alberta, T2P 4K9, Canada and has 45 employees. PETROSHALE ANNOUNCES OFFICER APPOINTMENT - Newswire The next issue of Financial Post Top Stories will soon be in your inbox. 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. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. The Contest winner will be announced on May 13, 2022. Phone Number. Peters & Co. Limited is acting as exclusive financial advisor to the New Management Team. Oil and Gas information that can give you a competitive edge in a very competitive landscape. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. By combining unique design features in our Class II salt water disposal wells with efficient gathering systems and managing those systems with state of art SCADA software, Henry Hill Oil can reduce the cost of salt water disposal, reduce wear on well pads, and help position our partners to handle their salt water disposal needs for . CO . from 55 actively producing wells in 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. This page was last edited on 7 October 2021, at 20:58. https://www.gem.wiki/w/index.php?title=Bear_Den_-_Petroshale_Oil_and_Gas_Asset_(North_Dakota,_United_States)&oldid=269511, Oil and gas extraction in the United States, Creative Commons Attribution-NonCommercial-ShareAlike. PetroShale Inc. CAD. Dunn PetroShale : PSH 2021 Annual Information Form | MarketScreener The company id for this entity is 24694200. Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. This press release is not an offer of the securities for sale in the United States. FILE - North Dakota Gov. Lucero Energy Corp. | LinkedIn There was an error, please provide a valid email address. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Fax: 214-880-7101, 710 Buffalo St. Calgary ND T2P 3N9. It is anticipated that the shareholders of PetroShale will be asked to approve a change of the Company's name to "Lucero Energy Corp." at the next annual general meeting of shareholders. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. More particularly, this press release contains forward-looking statements concerning: the number, the price and the type of securities to be issued by PetroShale pursuant to the Private Placements; the aggregate proceeds from the proposed Private Placements and the anticipated use of proceeds therefrom; PetroShale's estimates of year end net debt, including following the Private Placements; estimated cash flow from PetroShale's assets; the new and existing directors of the PetroShale Board and members of the New Management Team following completion of the Private Placements; PetroShale's future production estimates; the manner in which the 2022 capital budget will be spent, including the types of capital expenditures; the ability of incoming New Management Team to repeat its financial and operational success through on completion of the Private Placements; the business plan of PetroShale following the completion of the Private Placements; the expectations relating to business advantages and opportunities in the oil and gas industry given current market conditions; expectations as to the corporate decline rate and capital efficiency; the expectation that the name of the Company will be changed following completion of the Private Placements. Most recently, Mr. Herman was the President & CEO of TORC Oil & Gas Ltd., and previously, President & CEO of Result Energy Inc. and TriStar Oil & Gas Ltd. New Town, ND 58763 Petro Hunt | Contact 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 . PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. Divide While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. The 2022 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. Petro-Hunt has active operation in Louisiana and Texas, Petro-Hunt has active operations in 4 counties in West Texas, Operates 775 wells in the Williston Basin, Non-Operated Working Interest partner in 8,200 wells, Non-Operated Working Interest partner in 1,400 wells, Operates 105 wells in West Texas in the Delaware Basin. 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. Click here to Upgrade And Get Immediate Access. 99/month for 3 months SUBSCRIBE NOW Show Search. (jb) Office Locations Corporate Headquarters Petro-Hunt, L.L.C. Petroshale Inc. Announces First Quarter 2022 Financial & Operating Results are no permits filed with the state We are a technically driven company focused on land interests with near term drilling exposure. 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 .
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