Austin Chalk

Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2023 Results; Provides Guidance for 2024

Retrieved on: 
Tuesday, February 20, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, MMBTU, Mineral, Natural gas, Austin Chalk, Growth, Adjustment, BSM, Black Stone Minerals, Depression, Security (finance), Austin, Texas, JEA, Aethon

Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Company”) today announces its financial and operating results for the fourth quarter and full year of 2023 and provides guidance for 2024.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Company”) today announces its financial and operating results for the fourth quarter and full year of 2023 and provides guidance for 2024.
  • Total reported production averaged 41.1 MBoe/d (95% mineral and royalty, 73% natural gas) for the fourth quarter of 2023.
  • Black Stone reported oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $134.5 million in the third quarter of 2023.
  • Following are the key assumptions in Black Stone Minerals’ 2024 guidance, as well as comparable results for 2023:

Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Other Natural Resources, Other Energy, Mining, Minerals, Oil, Gas, Energy, Natural Resources, Austin Chalk, Eagle Ford, Dallas, Share repurchase, GAAP, Acquisition, Bank statement, D&C, Common stock, Eagle Ford Group, Growth, Common, Interest, Webcast, Class, Karnes, Video game, Rare-earth element, Car rental, Bank, Fine chemical, Risk management, Cryptocurrency

Magnolia reported third quarter 2023 net income attributable to Class A Common Stock of $102.0 million, or $0.54 per diluted share.

Key Points: 
  • Magnolia reported third quarter 2023 net income attributable to Class A Common Stock of $102.0 million, or $0.54 per diluted share.
  • Total production in the third quarter of 2023 grew 1% sequentially to 82.7 thousand barrels of oil equivalent per day (“Mboe/d”).
  • Includes $1.2 million of share repurchases incurred during the third quarter, but settled during the fourth quarter of 2023, and excludes $1.1 million of share repurchases incurred during the second quarter, but settled during the third quarter of 2023.
  • Magnolia will host an investor conference call on Thursday, November 2, 2023 at 10:00 a.m. Central (11:00 a.m. Eastern) to discuss these operating and financial results.

SilverBow Resources Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Oil, Gas, Energy, Adjustment, Line of credit, NYSE, International, Mortgage law, Austin Chalk, NGL, Public expenditure, EBITDA, T&P, Eagle Ford, Dallas, Corporation, News, Form, Acquisition, Conference, Atlas, Eagle Ford Group, Transport, Internet, Chesapeake Energy, Statistics, LOE, Henry Hub, Webcast, Finance Secretary (India), Central Time, Capital expenditure, Credit, Primary Dealer Credit Facility, FCF, Table, WTI, Natural gas, Rare-earth element, Cryptocurrency, Bank, Renewable energy, Airline, Reinsurance, Gulf Coast of the United States, Iranian Central Oil Fields Company

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.
  • Net oil production for the third quarter of 2023 averaged 15,326 Bbls/d, an increase of 81% compared to the third quarter of 2022.
  • As of October 27, 2023, SilverBow had 79% of total production hedged for the remainder of 2023, using the midpoint of guidance.
  • Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's Third Quarter 2023 Earnings Conference Call or by visiting the Company's website.

Black Stone Minerals, L.P. Reports Third Quarter Results

Retrieved on: 
Monday, October 30, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Austin Chalk, Gulf Coast of the United States, NYSE, BSM, EBITDA, G&A, Black Stone Minerals, Austin, Texas, Black Stone, Table, Natural gas, Coal, Video game, Arms industry, Self storage, Cryptocurrency, Clothing

Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the third quarter of 2023.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the third quarter of 2023.
  • Black Stone announced a distribution of $0.475 per unit with respect to the third quarter of 2023, representing an increase of 6% over the common distribution paid for the third quarter of 2022.
  • As a result, Black Stone was able to maintain its distribution at an annualized rate of $1.90 per unit with over 1.25x coverage for the quarter.
  • Black Stone reported oil and gas revenue of $134.5 million (64% oil and condensate) for the third quarter of 2023, an increase of 30% from $103.2 million in the second quarter of 2023.

BlueFire Equipment Corp (BLFR) Acquires Screaming Eagle Partners, LLC, a Cashflow Positive Family-Owned Oil & Gas Company in Texas

Retrieved on: 
Thursday, October 19, 2023
Tax, Austin Chalk, EBITDA, CCO, Acquisition, Initial, CIR, Exponentiation, Common stock, Eagle, PCAOB, Marketing, Interim, CFO, Management, Self storage, Oil, Bedias Creek

During the period ended July 30, 2023, Screaming Eagle generated revenues of $2,065,219, net operating income (EBITDA) of $441,021, and total assets of $7,257,352.

Key Points: 
  • During the period ended July 30, 2023, Screaming Eagle generated revenues of $2,065,219, net operating income (EBITDA) of $441,021, and total assets of $7,257,352.
  • Through an all-stock transaction, the owners merged Screaming Eagle into BLFR in return for the issuance of 45,000,000 shares of Preferred Stock Series A and 810,000 shares of Preferred Stock Series B shares.
  • Furthermore, the appointment of Kirk Yariger as Chairman of the Board and Jonas Crafts as Directors of the Board of BLFR.
  • Engage a branding and marketing firm for the Company’s new direction upon the completion of the stock symbol and name change.

Magnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings

Retrieved on: 
Tuesday, September 5, 2023
Energy, Professional Services, Oil, Gas, Finance, Eagle Ford, Dallas, MGY, EBITDA, Austin Chalk, Acquisition, Eagle Ford Group, Knowledge, Hand, NYSE, Bookkeeping

Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments.

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments.
  • Enhances Giddings Asset Quality and Scale – Acquisition adds approximately 48,000 net acres in Giddings (96% operated, 91% working interest), enhancing Magnolia’s already significant depth of development opportunities.
  • Combined with a smaller acquisition that closed in July 2023, Magnolia’s position in Giddings now totals over 500,000 net acres, driving further efficiencies of scale.
  • High-Margin Production – Magnolia expects production of approximately 5,000 Boe/d (greater than 70% oil) at closing.

Black Stone Minerals, L.P. Reports Second Quarter Results

Retrieved on: 
Monday, July 31, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Austin Chalk, Black Stone Minerals, BSM, Black Stone, EBITDA, Natural gas, Austin, Texas, NYSE, Coal, Arms industry, Video game, Security (finance), Cryptocurrency

Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2023.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2023.
  • Black Stone announced a distribution of $0.475 per unit with respect to the second quarter of 2023, representing an increase of 13% over the common distribution paid for the second quarter of 2022.
  • Black Stone reported oil and gas revenue of $103.2 million (60% oil and condensate) for the second quarter of 2023, a decrease of 13% from $118.3 million in the first quarter of 2023.
  • Adjusted EBITDA for the second quarter of 2023 was $109.2 million, which compares to $109.9 million in the first quarter of 2023 and $112.8 million in the second quarter of 2022.

SilverBow Resources Announces First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
Oil, Gas, Energy, Condensate, LOE, Capital expenditure, International, Atlas, Table, Natural gas, Internet, Eagle Ford, Dallas, Line of credit, NGL, Central Time, T&P, EBITDA, Austin Chalk, Finance Secretary (India), Eagle Ford Group, PDP, Henry Hub, Primary Dealer Credit Facility, Corporation, Form, WTI, Webcast, Transport, Adjustment, Credit, News, NYSE, Conference, Sand, Bookkeeping, Renewable energy, Reinsurance, Iranian Central Oil Fields Company

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2023.
  • For the second quarter of 2023, SilverBow is guiding to estimated production of 317-332 MMcfe/d, with expected oil volumes of 11,900-12,300 Bbls/d.
  • As of April 28, 2023, SilverBow had 72% of total production hedged for the remainder of 2023, using the midpoint of guidance.
  • Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's First Quarter 2023 Earnings Conference Call or by visiting the Company's website.

Black Stone Minerals, L.P. Reports First Quarter Results

Retrieved on: 
Monday, May 1, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Table, Austin Chalk, Black Stone Minerals, BSM, Black Stone, EBITDA, Natural gas, Growth, Austin, Texas, NYSE, Coal, Video game, Arms industry, Cryptocurrency, Clothing

Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2023.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2023.
  • Adjusted EBITDA for the quarter totaled $109.9 million, a decrease of 17% over the prior quarter.
  • Distributable cash flow was $104.1 million for the first quarter, a decrease of 17% relative to the fourth quarter of 2022.
  • Black Stone reported oil and gas revenue of $118.3 million (51% oil and condensate) for the first quarter of 2023, a decrease of 40% from $196.2 million in the fourth quarter of 2022.

SilverBow Resources Announces Fourth Quarter and Full Year 2022 Results; 2023 Capital Program and Guidance

Retrieved on: 
Wednesday, March 1, 2023
Energy, Other Energy, Oil, Gas, Well, Public expenditure, Sundance, Economics, NYSE, Line of credit, Austin Chalk, Measure, LOE, Atlas, FCF, Eagle Ford Group, Austin, Texas, EBITDA, Acquisition, Transport, ROCE, West Texas Intermediate, Capital expenditure, Delivered, Natural gas, WTI, Table, Capital program and project management software, Capital, T&P, Eagle Ford, Dallas, Growth, Adjustment, News, NGL, Risk management, Cryptocurrency, Renewable energy, Video game

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2022.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2022.
  • SilverBow's total net production for the fourth quarter of 2022 averaged 315 MMcfe/d, within the Company's guidance range.
  • Natural gas comprised 50% of total oil and gas sales for the fourth quarter of 2022, compared to 63% in the fourth quarter of 2021.
  • Total production expenses, which include LOE, T&P and production taxes, were $1.38 per Mcfe for the fourth quarter of 2022.