NGL

COPL Announces US$2.5 Million Equity Financing, Execution of Forbearance Agreement with Senior Lender and Appointment of Chief Restructuring Officer

Retrieved on: 
Friday, December 29, 2023
AB, Funding, Sale, Indian stock exchange, NGL, Financial Conduct Authority, COPL, XOP, Province, Treasury, Subscription business model, Forbearance, Minority, Parity, Exercise, Security (finance)

Other terms of the Financing include:

Key Points: 
  • Other terms of the Financing include:
    Completion of the Financing is expected by January 15, 2024 and is intended to be used for working capital purposes.
  • The conversion price of the Bonds will be amended to the Subscription Price per conversion share.
  • The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than 31 March 2024.
  • In concert with the Financing, COPL and its affiliates entered into a Forbearance Agreement with its existing Senior Credit Facility Lender and appointed Peter Kravitz of Province Fiduciary Services as Chief Restructuring Officer.

Pulse Oil Corp. Announces Rights Offering to raise $4,156,000 and Provides Operations Update

Retrieved on: 
Friday, December 8, 2023
TSX Venture Exchange, Indian stock exchange, Standby, News, United, Reservoir engineering, Multilateral, NGL, Trust, Common, Exercise, Eligibility, Nisku, Sale, Central Alberta, Circular, Date, Water, Growth, Minority, Security (finance)

If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.

Key Points: 
  • If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.
  • The Rights Offering is not subject to the related party rules under MI 61-101 based on a prescribed exception related to rights offerings.
  • Pulse understands that certain directors and officers of Pulse who own Common Shares may intend to exercise their rights to purchase Common Shares under the Rights Offering.
  • Complete details of the Rights Offering are set out in the Circular and the rights offering notice (the ‎‎“Notice”), which are filed under Pulse’s profile at www.sedarplus.ca .

Range Declares Quarterly Dividend

Retrieved on: 
Friday, December 1, 2023
RRC, NGL, Natural gas

FORT WORTH, Texas, Dec. 01, 2023 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter.

Key Points: 
  • FORT WORTH, Texas, Dec. 01, 2023 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter.
  • A dividend of $0.08 per common share is payable on December 29, 2023 to stockholders of record at the close of business on December 15, 2023.
  • RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin.
  • More information about Range can be found at www.rangeresources.com .

Kolibri Global Energy Inc. Provides 2023 Guidance Update and Operations Update

Retrieved on: 
Friday, December 22, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Emery, Tax, Depreciation, Fracture, Public expenditure, Henry Hub, NGL, News, WTI, Adjustment, Growth, Organization, GAAP, Velin Alaykov, Bookkeeping

Refer to the section entitled “Non-GAAP Measures” of this news release

Key Points: 
  • Refer to the section entitled “Non-GAAP Measures” of this news release
    The average production, revenue and Adjusted EBITDA guidance show significant growth from 2022 even though this guidance has been revised lower from the Company’s previous guidance due to several factors.
  • The Company expects annual capital expenditures paid during the year to be in the range of US$47 million to US$49 million.
  • This guidance is being lowered due to actual well costs coming in substantially below budget.
  • The Company continues to anticipate that its Debt to Adjusted EBITDA ratio will be less than 1 times at the end of 2023.

Epsilon Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Webcast, Interest, Investment, NGL, Henry Hub, Conference, Natural gas, Hand, MMBTU, Central Time, NRI, EPSN, Cryptocurrency, Film industry

HOUSTON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported third quarter 2023 financial and operating results.

Key Points: 
  • HOUSTON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported third quarter 2023 financial and operating results.
  • Realized average price of $2.32 per Mcfe including hedges ($1.64 per Mcfe excluding hedges) for the quarter ended September 30, 2023, a decrease of 5% compared to the prior quarter.
  • Reported total revenues of $6.3 million for the quarter ended September 30, 2023, a decrease of 3% compared to the prior quarter.
  • Participants should ask to be joined to the “Epsilon Energy Third Quarter 2023 Earnings Conference Call.”
    A webcast can be viewed at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=TKIiaI4y .

East Daley Analytics Releases 2024 Domestic Gas and Oil Industry Outlook

Retrieved on: 
Tuesday, December 12, 2023
Energy, Other Energy, Utilities, Oil, Gas, Permian, DLS, Entrepreneurship, NGL, MST, Annual report, Natural gas, Rare-earth element, Petroleum

East Daley Analytics released Dirty Little Secrets (DLS) 2024, its annual report that reveals insights into the evolving energy landscape and provides an outlook on the future dynamics of the North American oil and gas industry.

Key Points: 
  • East Daley Analytics released Dirty Little Secrets (DLS) 2024, its annual report that reveals insights into the evolving energy landscape and provides an outlook on the future dynamics of the North American oil and gas industry.
  • The report dissects the key elements shaping the industry by triangulating information across multiple commodities and combining commercial analytics, offering valuable perspectives and data-driven analyses through 2024.
  • “Current economic conditions, recent M&A activity and conflicts in the Middle East and Ukraine are leading to a volatile energy market in North America,” said Justin Carlson, Co-Founder and Chief Commercial Officer of East Daley Analytics.
  • This year’s report explores the following topics:
    Join East Daley Analytics for this webinar: Dirty Little Secrets: 2024 Domestic Oil & Gas Industry Outlook on December 13, 2023, at 10:00 am MST.

Pembina Pipeline Corporation Announces 2024 Guidance and Provides Business Update

Retrieved on: 
Monday, December 11, 2023
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Momentum, EBITDA, NYSE, Wildfire, FID, Emperor, Cedar, Income tax, Investment, NGL, Multimedia, NEBC, Marketing, Pembina Pipeline, PPL, Natural gas, PBA, WCSB, Growth, Dow Chemical Company, TSX, PGI, Renewable energy, Real estate, Bookkeeping, Fort Saskatchewan

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.
  • Pembina continues to progress the previously disclosed 40,000 barrels per day ("bpd") expansion of its NEBC Pipeline system and evaluate additional pipeline and terminal infrastructure in the region.
  • At the midpoint of the 2024 guidance range, volumes in Pembina's conventional pipelines business and gas processing business are expected to be approximately nine percent and three percent higher, respectively.
  • A lower contribution from the Cochin Pipeline due to lower contracted tolls beginning in the third quarter of 2024.

Phillips 66 Announces 2024 Capital Program

Retrieved on: 
Friday, December 8, 2023
Professional Services, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Finance, Phillips 66, Corporation, NYSE, Mark Lashier, PSX, NGL, Rodeo San Francisco Refinery, Marketing, Dakota Access Pipeline, WRB, Information technology, DCP Midstream Partners, Renewable energy, Fine chemical, Rodeo

Phillips 66 (NYSE: PSX) today announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital.

Key Points: 
  • Phillips 66 (NYSE: PSX) today announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital.
  • Excluding joint venture debt repayments due in 2024, the company’s 2024 capital budget is $2 billion.
  • “We continue to demonstrate capital discipline in support of our strategic priorities,” said Mark Lashier, president and CEO of Phillips 66.
  • Including Phillips 66’s proportionate share of capital spending associated with joint ventures CPChem and WRB, the company’s total 2024 capital program is projected to be $3.2 billion.

NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023

Retrieved on: 
Wednesday, December 6, 2023
Energy, Other Energy, Oil, Gas, NGL, Growth, Central Time Zone, Texas Gulf Sulphur Company, NYSE, Confidentiality, Transport, Non-disclosure agreement

NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”) is pleased to announce that a binding open season will start today, December 6, 2023 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline, LLC’s (“Grand Mesa”) crude oil pipeline.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”) is pleased to announce that a binding open season will start today, December 6, 2023 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline, LLC’s (“Grand Mesa”) crude oil pipeline.
  • NGL held open seasons in 2016 and in 2021 seeking commitments from shippers interested in shipping on Grand Mesa’s pipeline system.
  • NGL is holding the current open season to contract available capacity on the Grand Mesa pipeline at a discounted rate.
  • Potential shippers will have access to the open season documents upon execution of a confidentiality agreement with Grand Mesa.

Enterprise to Participate in Investor Conferences

Retrieved on: 
Friday, December 1, 2023
Energy, Other Energy, Oil, Gas, Partner, NGL, Atlas, Enterprise Products, NYSE, Conference, Natural gas, Wells Fargo, EPD, Transport, Petroleum, Enterprise

Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in meetings with investors at the following conferences:

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in meetings with investors at the following conferences:
    Mizuho Power, Energy & Infrastructure Conference in New York City, December 4-5, 2023; and
    Wells Fargo 22nd Annual Midstream & Utilities Symposium in New York City, December 6-7, 2023.
  • The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website.
  • Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
  • The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.