NGL

Range Announces Fourth Quarter Production and Pricing

Retrieved on: 
Tuesday, February 6, 2024
RRC, Mont Belvieu, Texas, WTI, NYMEX, West Texas Intermediate, NGL, Natural gas, Oil

FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day.

Key Points: 
  • FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day.
  • In addition, Range realized $8.0 million in contingent derivative settlement gains in fourth quarter 2023.
  • Fourth quarter 2023 daily natural gas production averaged approximately 1,540 Mmcf per day.
  • In fourth quarter 2023, Range realized a total of $8.0 million in contingent derivative settlement gains related to the North Louisiana divestiture.

Range Announces Proved Reserves

Retrieved on: 
Tuesday, February 6, 2024
Security (finance), Natural gas, Form 10-K, NGL, Society, Transport, Tax, Disclosure, Annual report, RRC, NYMEX, Devonian, Risk, Suite, Engineering, Oil

Year-end 2023 reserves included 6.6 Tcfe of proved undeveloped reserves from approximately 3.1 million lateral feet scheduled to be developed within the next five years with an expected development cost of $0.40 per mcfe.

Key Points: 
  • Year-end 2023 reserves included 6.6 Tcfe of proved undeveloped reserves from approximately 3.1 million lateral feet scheduled to be developed within the next five years with an expected development cost of $0.40 per mcfe.
  • Range has elected not to disclose its probable and possible reserves in its filings with the SEC.
  • Range has not attempted to distinguish probable and possible reserves from these broader classifications.
  • Unproved resource potential does not constitute reserves within the meaning of the Society of Petroleum Engineer’s Petroleum Resource Management System and does not include proved reserves.

NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility

Retrieved on: 
Friday, February 2, 2024
Oil, Gas, Energy, Security (finance), Annual report, Form 10-K, NGL, Regulation, Sale, Person, Bank

In addition, in connection with the closing of the refinancing transactions, NGL’s senior secured asset-based revolving credit facility was amended to extend the maturity to February 2029 and to make certain other changes to the terms thereof.

Key Points: 
  • In addition, in connection with the closing of the refinancing transactions, NGL’s senior secured asset-based revolving credit facility was amended to extend the maturity to February 2029 and to make certain other changes to the terms thereof.
  • This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements.
  • Specifically, forward-looking statements may include, among others, statements concerning the expected uses of proceeds of the refinancing transactions.
  • While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct.

Hess Reports Estimated Results for the Fourth Quarter of 2023

Retrieved on: 
Wednesday, January 31, 2024
Professional Services, Other Natural Resources, Oil, Gas, Energy, Finance, Natural Resources, Class, NGL, Interest, Hess Corporation, Prosperity, Global Infrastructure Partners, Corporation, JDA, Barrel, Acquisition, Midstream, Comparability, Uaru, E&P

E&P net income was $512 million in the fourth quarter of 2023, compared with $641 million in the fourth quarter of 2022.

Key Points: 
  • E&P net income was $512 million in the fourth quarter of 2023, compared with $641 million in the fourth quarter of 2022.
  • On an adjusted basis, E&P fourth quarter 2023 net income was $531 million, compared with $565 million in the prior-year quarter.
  • After-tax expense for Corporate, Interest and Other was $162 million in the fourth quarter of 2023, compared with $208 million in the fourth quarter of 2022.
  • Net cash provided by operating activities was $1,344 million in the fourth quarter of 2023, compared with $1,252 million in the fourth quarter of 2022.

NGL Energy Partners Announces Earnings Call

Retrieved on: 
Tuesday, January 30, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Webcast, NGL

NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal third quarter ended December 31, 2023 earnings press release post-market close on Thursday, February 8, 2024.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) announced today that it plans to issue its fiscal third quarter ended December 31, 2023 earnings press release post-market close on Thursday, February 8, 2024.
  • Members of NGL’s management team intend to host an earnings call following this release on Thursday, February 8, 2024 at 4:00 pm CT to discuss its financial results.
  • Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/Webcast/Page/2808/49742 or by dialing (888) 506-0062 and providing access code: 847654.
  • An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providing replay passcode 49742.

CEMtics deploys New Geo-Location Analytics Platform for AIS Thailand

Retrieved on: 
Tuesday, January 30, 2024
NGL, Intelligence, CSP, AIS, Telecommunications, Marketing

BANGKOK, Jan. 30, 2024 /PRNewswire/ -- CEMtics ( cemtics.com ), a pioneer in customer experience management and location experience analytics, is excited to announce the successful deployment of a cutting-edge New Geo-Location Analytics Platform for Advanced Info Services Plc.

Key Points: 
  • BANGKOK, Jan. 30, 2024 /PRNewswire/ -- CEMtics ( cemtics.com ), a pioneer in customer experience management and location experience analytics, is excited to announce the successful deployment of a cutting-edge New Geo-Location Analytics Platform for Advanced Info Services Plc.
  • Embarking on a journey of innovation, AIS has partnered with CEMtics to develop and deploy a state-of-the-art geo-location platform driven by the power of Big Data & Machine Learning.
  • Mr. Suppachai Panichayunon, Head of Solutions Business Unit at AIS, commented: "The New Geo-Location (NGL) Platform is a cornerstone for various business teams in AIS.
  • By empowering global CSP like AIS, CEMtics is steadfastly aiding in navigating the dynamic telecommunications and data landscape with proficiency and foresight.

CEMtics deploys New Geo-Location Analytics Platform for AIS Thailand

Retrieved on: 
Tuesday, January 30, 2024
NGL, Intelligence, CSP, AIS, Telecommunications, Marketing

BANGKOK, Jan. 30, 2024 /PRNewswire/ -- CEMtics ( cemtics.com ), a pioneer in customer experience management and location experience analytics, is excited to announce the successful deployment of a cutting-edge New Geo-Location Analytics Platform for Advanced Info Services Plc.

Key Points: 
  • BANGKOK, Jan. 30, 2024 /PRNewswire/ -- CEMtics ( cemtics.com ), a pioneer in customer experience management and location experience analytics, is excited to announce the successful deployment of a cutting-edge New Geo-Location Analytics Platform for Advanced Info Services Plc.
  • Embarking on a journey of innovation, AIS has partnered with CEMtics to develop and deploy a state-of-the-art geo-location platform driven by the power of Big Data & Machine Learning.
  • Mr. Suppachai Panichayunon, Head of Solutions Business Unit at AIS, commented: "The New Geo-Location (NGL) Platform is a cornerstone for various business teams in AIS.
  • By empowering global CSP like AIS, CEMtics is steadfastly aiding in navigating the dynamic telecommunications and data landscape with proficiency and foresight.

Range Announces Conference Call to Discuss Fourth Quarter 2023 Financial Results

Retrieved on: 
Wednesday, January 17, 2024
RRC, Webcast, Natural gas, News, NGL

FORT WORTH, Texas, Jan. 17, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its fourth quarter 2023 financial results news release will be issued Wednesday, February 21 after the close of trading on the New York Stock Exchange.

Key Points: 
  • FORT WORTH, Texas, Jan. 17, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its fourth quarter 2023 financial results news release will be issued Wednesday, February 21 after the close of trading on the New York Stock Exchange.
  • A conference call to review the financial results is scheduled on Thursday, February 22 at 9:00 a.m.
  • The webcast will be archived for replay on the Company's website until March 22, 2024.
  • RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin.

Kolibri Global Energy Inc. Provides 2024 Guidance and Operations Update

Retrieved on: 
Monday, January 29, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, NGL, Adjustment, BOPD, Tax, Emery, GAAP, Tonne, Depreciation, Fracture, Organization, Management, News, WTI, Henry Hub, Growth

The average production, revenue, and Adjusted EBITDA guidance for 2024 shows significant growth from the latest 2023 forecast numbers, even with a $72 WTI price assumption.

Key Points: 
  • The average production, revenue, and Adjusted EBITDA guidance for 2024 shows significant growth from the latest 2023 forecast numbers, even with a $72 WTI price assumption.
  • As the Company executes this strategy going forward, it will consider the implementation of a shareholder return policy in 2024.
  • Wolf Regener, President and CEO, commented, “We are looking forward to another strong year of revenue and cash flow growth for the Company, based on our 2024 forecast.
  • Like many other operators, the Company's operations were impacted by the below-freezing temperatures in January 2024.

NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes

Retrieved on: 
Thursday, January 25, 2024
Oil, Gas, Energy, NGL, Person, Sale, Regulation, Note

NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced the upsizing of their senior secured notes offering from $2.1 billion to $2.2 billion and have priced $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 (the “2029 Notes”) and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced the upsizing of their senior secured notes offering from $2.1 billion to $2.2 billion and have priced $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 (the “2029 Notes”) and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).
  • Interest on the 2029 Notes will accrue at a rate of 8.125% per annum.
  • The maturity date of the 2029 Notes is February 15, 2029.
  • Interest on the 2032 Notes will accrue at a rate of 8.375% per annum.