Before making any large decision, please consult the governing oil and gas agency to verify any findings from DrillingEdge. FILE - North Dakota Gov. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. 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 Lucero (or PetroShale (US) Inc.) provides exposure to a focused land base within the core of the Bakken, which offers significant multi-zone oil development opportunities. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. We are a pure-play North Dakota Bakken producer . ET on Thursday, March 3, 2022 and ends at 4 p.m. Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. 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. The Contest winner will be announced on May 13, 2022. 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). Peters & Co. Limited is acting as exclusive financial advisor to the New Management Team. To protect our site, we cannot process your request right now. 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. 2 Stark. PETROSHALE (US), INC. :: North Dakota (US) :: OpenCorporates Burnet, Duckworth and Palmer LLP is acting as counsel to PetroShale, and McCarthy TtraultLLP is acting as counsel to the syndicate of agents led by Peters & Co. Limited in respect of the Brokered Private Placement. Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. Burgum signs bill to reform state pension plan, protect taxpayers from Dickinson Police Department mourns loss of veteran officer Calgary ND T2P 3N9. Simple, actionable information at your fingertips. Head Office Address. 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. 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. 2101 Cedar Springs Rd. Our new management team has a strong track record of disciplined operating and consolidating success in the Williston Basin. 99/month for 3 months SUBSCRIBE NOW Show Search. Read more about cookies here. Burgum, Tax Commissioner and Legislative Assembly Celebrate Signing of Clerk's office added description of Attachment A. 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. If you are a Home delivery print subscriber, unlimited online access is. Fax: 701-258-1562, 600 17th St. Contact Name: NORTHWEST REGISTERED AGENT Contact Phone: (303) 297-1407 Business Address: Petroshale (us) Inc. 303 E 17th Ave Ste 940 DENVER , CO . Prior thereto, Ms. Lavergne specialized in various engineering roles at Legacy Oil + Gas Inc.,TriStar Oil & Gas Ltd., and Harvest Energy Trust. Ambrose, ND 58833 These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. Click here to Upgrade And Get Immediate Access. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by PetroShale including but not limited to expectations and assumptions concerning the availability of capital, current legislation, egress constraints, receipt of required regulatory approvals, the success of future drilling, development and acquisition activities, the performance of existing wells, the growth and acquisition strategy of the New Management Team, general economic conditions, availability of required equipment and services, assumptions of future commodity prices, Canada-U.S. exchange rate, and other assumptions identified herein, including certain expectations and assumptions made by PetroShale in respect thereof. Petroshale (us) Inc. is Copyright 2023 Lucero Energy Corp. All rights reserved. PDF North Dakota Industrial Commission Permits Approved: Location Outside Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. 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. 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. PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. Ms. Lavergne has over 18 years of oil and gas engineering experience, particularly in the Williston Basin, and most recently was the Engineering Manager of TORC Oil & Gas Ltd. 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. Mr. Herman has extensive oil and gas experience in leadership roles at public oil and gas companies. CO . Fax: 701-546-4646, Topics/Category*QuestionsCommentsRoyalty Owner QuestionsOther, McKenzie We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Denver, CO 80202 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. 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 Anderson South 3MBH | API #33-053-09113 | Petroshale (Us) Inc. Bismarck, ND 58501 Previously, Mr. Brown was the New Ventures Manager/Senior Geological Advisor of Apache Canada, and prior thereto, the Vice President, Exploration of Rock Energy. This advertisement has not loaded yet, but your article continues below. To: 2020-12-31. 2023 Shale Experts, All rights reserved. Tel: 406-774-3017 Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. Petroshale (US), Inc. v. Continental Resources, Inc. Due to strong demand, PetroShale agreed to increase the size of the Brokered Private Placement from its initial target of $30 million. Fax: 701-863-6620, 813 123rd Ave. SW Lucero Energy Corp. | LinkedIn 2101 Cedar Springs Rd. North Dakota (US) Branch Branch of PETROSHALE (US), INC. (Delaware (US)) Registered Address 303 E 17TH AVE STE 940 SARA WEBSTER DENVER, CO 80203-1262 United States Business Classification Text INTERESTS IN OIL & GAS WELLS & LEASES Agent Name NORTHWEST REGISTERED AGENT SERVICE, INC Agent Address 3003 32ND AVE S STE 240, FARGO, ND 58103-6118 Williams Tel: 701-675-2467 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. Share your thoughts and join the conversation in the comments. of 02-01-2023. Suite 600 and 6,592 MCF of gas, * Earnings dates may be subject to change. Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . This story was provided by a client for commercial purposes. This press release contains the terms "net debt", "cash flow" and "net debt/cash flow" which do not have standardized meanings prescribed by International Financial Reporting Standards and therefore may not be comparable with the calculation of similar measures by other companies. 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. 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. For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. ND Energy Co. Wants Second Drilling Rights Suit Nixed PDF Extractive Sector Transparency Measures Act - Annual Report We are a technically driven company focused on land interests with near term drilling exposure. PetroShale's 2022 capital budget is specifically focused on: PetroShale's capital program in 2022 is focused on light oil development projects, with the majority of the capital directed to drilling, completions and tie-ins (greater than 85%) with the remainder allocated to operational and facility optimization to maximize production efficiency. Please notify DrillingEdge immediately if any inaccuracies are discovered. We are a pure-play North Dakota Bakken producer . Petroshale Us in McKenzie County, ND | Oil & Gas Production and Well 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 Divide North Dakota limits bathroom use for transgender people PDF North Dakota Industrial Commission Date: December 8, 2020 Daily Report Mr. Manchester has significant oil and gas engineering and operations experience, particularly in the Williston Basin, and most recently was the VP Operations of TORC Oil & Gas Ltd. Unlimited online access to articles from across Canada with one account. Oil and Gas information that can give you a competitive edge in a very competitive landscape. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. PetroShale Announces Strategic Asset Acquisition in North Dakota 2022 CAPITAL BUDGET AND PRODUCTION GUIDANCE. 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 . Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . 80203-1262, Petroshale (us) Inc. Maintaining PetroShale's strong financial position and flexibility to take advantage of additional growth opportunities as they arise. Tel: 701-258-1557 PETROSHALE INC : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Toronto Stock Exchange: PSH | Toronto Stock Exchange . "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. /NOT FOR DISSEMINATION IN THE UNITED STATES. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Free and open company data on North Dakota (US) company PETROSHALE (US) PRODUCTION LLC (company number 0000091959), 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . If you have any questions don't hesitate to contact us. This site is protected by reCAPTCHA and the Google. PetroShale - Crunchbase Company Profile & Funding Shale Experts is a Members ONLY resource. NDIC means the North Dakota Industrial Commission. 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 Inc. - Shale Experts 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. Killdeer, ND 58640 At current commodity prices, the recapitalized entity is expected to generate greater than $130 million of cash flow in 2022, and combined with the Private Placement proceeds, net debt is expected to be less than $82 million (or 0.6 times net debt/cash flow) at the end of 2022. Billings coming . Fax: 303-295-10592, 12801 County Rd. Corpus Christi, TX 78401 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. CALGARY, AB - 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, Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. United States of America. Suite 414 Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. DENVER , Tel: 701-546-4601 Fax: 701-863-6999, 10060 81st St. NW [1], {"type":"ROADMAP","minzoom":false,"maxzoom":false,"types":["ROADMAP","SATELLITE","HYBRID","TERRAIN"],"mappingservice":"googlemaps3","width":"600px","height":"500px","centre":false,"title":"","label":"","icon":"","lines":[],"polygons":[],"circles":[],"rectangles":[],"copycoords":false,"static":false,"visitedicon":"","wmsoverlay":false,"zoom":6,"layers":[],"controls":["pan","zoom","type","scale","streetview","rotate"],"zoomstyle":"DEFAULT","typestyle":"DEFAULT","autoinfowindows":false,"resizable":false,"kmlrezoom":false,"poi":true,"cluster":false,"clustergridsize":60,"clustermaxzoom":20,"clusterzoomonclick":true,"clusteraveragecenter":true,"clusterminsize":2,"imageoverlays":[],"kml":[],"gkml":[],"searchmarkers":"","fullscreen":false,"scrollwheelzoom":false,"locations":[{"text":"","title":"","link":"","lat":47.702100000000002,"lon":-102.89,"icon":""}]}.
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