Permian

Atlas Energy Solutions Inc. Completes Previously Announced Acquisition of Hi-Crush Inc. And Announces Promotion of John Turner to CEO

Retrieved on: 
Tuesday, March 5, 2024
Energy, Other Energy, Oil, Gas, Permian, CFO, Acquisition, Culture, Growth, Audit committee, Executive, Management

Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced the completion of the acquisition of Hi-Crush Inc. (“Hi-Crush”).

Key Points: 
  • Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced the completion of the acquisition of Hi-Crush Inc. (“Hi-Crush”).
  • John Turner, President and CFO added, “The addition of the Hi-Crush portfolio is going to drive meaningful value for our shareholders.
  • Atlas also announced today that its Board of Directors has named John Turner as Chief Executive Officer, effective March 6, 2024.
  • Mr. Turner said, "I am honored that the Board has trusted me with the role of CEO of Atlas.

JMR Services® and A-Plus P&A Announce Strategic Merger to Create the Leading Pure-Play P&A Service Provider in the Nation

Retrieved on: 
Tuesday, March 5, 2024
Communications, Energy, Public Relations, Investor Relations, Oil, Gas, Permian, LOI, CFO, Acquisition, Growth, A-Plus, Research, Methane, JMR

Mr. Roark founded JMR with his brother, Lee Roark, in 2015 and brings 41 years of industry experience to the combined company.

Key Points: 
  • Mr. Roark founded JMR with his brother, Lee Roark, in 2015 and brings 41 years of industry experience to the combined company.
  • Mr. Roark brings 28 years of industry experience with a primary focus on plugging and abandonment operations.
  • Randy Pacheco, Chief Executive Officer at A-Plus since 2016, will assume the role of Vice President of Governmental Affairs after the merger.
  • Mr. Pacheco has spent 25 years in and around the oilfield service industry, including a combined 10 years in multiple CEO roles.

Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027

Retrieved on: 
Wednesday, March 6, 2024
Energy, Other Energy, Oil, Gas, Permian, Redemption, National Association, Sale, Debt-to-GDP ratio, UMB Financial Corporation, Bank

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Company’s outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the “Notes”) on April 5, 2024 (the “Redemption Date”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Company’s outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the “Notes”) on April 5, 2024 (the “Redemption Date”).
  • The redemption is being made in accordance with the terms and conditions of the Notes and the indenture governing the Notes (the “Indenture”).
  • The redemption price per Note will be 100% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
  • Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from the Company’s investor relations contacts provided below.

TXO Partners Declares a Fourth Quarter 2023 Distribution of $0.58 on Common Units; Files Annual Report on Form 10-K

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Mining, Minerals, Oil, Gas, Energy, Finance, Natural Resources, Permian, CFO, Treasury regulations, Production, Annual report, Business operations, Security (finance), Bank statement, Cryptocurrency

TXO Partners, L.P. (NYSE: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.58 per common unit for the quarter ended December 31, 2023.

Key Points: 
  • TXO Partners, L.P. (NYSE: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.58 per common unit for the quarter ended December 31, 2023.
  • The quarterly distribution will be paid on March 28, 2024, to eligible unitholders of record as of the close of trading on March 15, 2024.
  • Accordingly, TXO’s distributions to foreign unitholders are subject to federal income tax withholding at the highest applicable effective tax rate.
  • Nominees, and not TXO, are treated as withholding agents responsible for any necessary withholding on amounts received by them on behalf of foreign unitholders.

Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock

Retrieved on: 
Monday, March 4, 2024
Oil, Gas, Energy, Permian, Goldman Sachs, Prospectus, Telephone, Common stock, Sale, EnCap Investments, Sales, Concurrency, Security (finance)

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.
  • Goldman Sachs & Co. LLC is serving as the underwriter for the offering.

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Monday, March 4, 2024
Oil, Gas, Energy, Permian, Goldman Sachs, Prospectus, Telephone, Common stock, Sale, EnCap Investments, Sales, Concurrency, Security (finance)

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management (the “Selling Stockholders”).
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.
  • Goldman Sachs & Co. LLC is serving as the underwriter for the offering.

I Squared wins Eight Infrastructure Investor Awards

Retrieved on: 
Friday, March 1, 2024
Professional Services, Finance, Permian, EM, EQUITY, Investment, Natural gas, Mubadala Investment Company, Square, Trondheim, Crown corporations of Canada, Personality of the year, Bombay Stock Exchange, Business Trust in India, Trust, Cube, HEXA, Partner (business rank), Environment, Capital, CIO, FUND, Polaris, I Squared Capital, OECD, Personality, Renewable energy

I Squared Capital, a leading independent global infrastructure investment manager, today announced the firm had won eight Infrastructure Investor Annual Awards.

Key Points: 
  • I Squared Capital, a leading independent global infrastructure investment manager, today announced the firm had won eight Infrastructure Investor Annual Awards.
  • This includes global awards for Fund Manager of the Year, Mid-Market Investor of the Year, and Innovator of the Year.
  • MID-MARKET INVESTOR OF THE YEAR, GLOBAL
    I Squared closed its landmark $1.8 billion ISQ Growth Markets Infrastructure Fund, focused on smaller deals in emerging markets.
  • TRANSPORT INVESTOR OF THE YEAR, ASIA-PACIFIC
    I Squared Capital completed the public listing of Cube Highways, its Indian toll roads platform, this year.

2024 Permian Basin Water In Energy Conference: Where Innovation Meets Impact

Retrieved on: 
Thursday, February 29, 2024
Other Energy, Utilities, Oil, Gas, Other Natural Resources, Sustainability, Mining, Minerals, Energy, Natural Resources, Environment, Green Technology, Engineering, Manufacturing, Permian, Senior, Multimedia, Artificial intelligence, University, Water, The Conference Board, ESG, Conference, Operation, CEED, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20240228396192/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240228396192/en/
    2023 Water in Energy Conference courtesy of The Oilfield Photographer, Inc.
  • "We are thrilled to be hosting the 6th Annual Water in Energy Conference," said Richard Brantley, 2024 Conference Chairman and Senior Vice President of Operations at University Lands.
  • "There are few things more precious in the Permian Basin than water and oil.
  • Registration for the 2024 Permian Basin Water In Energy Conference is now open.

Atlas Energy Solutions Announces Fourth Quarter and Year End 2023 Results; Signs Transformative Agreement to Acquire Hi-Crush Inc.

Retrieved on: 
Tuesday, February 27, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Permian, CFO, Acquisition, Total, Drawing, Mining, Adjustment, Compact disc, IPO, GAAP, Webcast, Eastern Time Zone, Atlas, ABL, Central Time, Treasury, Sales, Depreciation, Cryptocurrency

Fourth quarter 2023 total sales decreased $16.5 million, or 10.5% sequentially, to $141.1 million.

Key Points: 
  • Fourth quarter 2023 total sales decreased $16.5 million, or 10.5% sequentially, to $141.1 million.
  • SG&A for the fourth quarter of 2023 decreased $0.7 million, or 4.6%, sequentially, to $13.6 million.
  • Net Income for the fourth quarter of 2023 was $36.1 million, representing a decrease of $20.3 million, or 36.0%, sequentially.
  • Adjusted EBITDA for the fourth quarter of 2023 was $68.7 million, representing a decrease of $15.4 million, or 18.3%, sequentially.

Permian Resources Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, February 27, 2024
Energy, Other Energy, Utilities, Oil, Gas, Permian

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis.

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors (the “Board”) declared a quarterly base cash dividend of $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis.
  • Additionally, the Board has declared a quarterly variable cash dividend of $0.10 per share of Class A common stock.
  • Combined, the base and variable dividends represent a total of $0.15 per share.
  • The base and variable dividends are payable on March 21, 2024 to shareholders of record as of March 13, 2024.