Federal Lands Jobs and Energy Security Act

Matador Resources Company Declares Quarterly Cash Dividend

Retrieved on: 
Monday, October 24, 2022

Matador Resources Company (NYSE: MTDR) (Matador) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on December 1, 2022 to shareholders of record as of November 10, 2022.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on December 1, 2022 to shareholders of record as of November 10, 2022.
  • Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays.
  • Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana.
  • Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact.

Indonesia Energy To Present at LD Micro XV Annual Main Event Investor Conference on Wednesday, October 26th at 1:30pm PDT

Retrieved on: 
Friday, October 21, 2022

JAKARTA, INDONESIA AND DANVILLE, CA, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, announced today its President, Frank Ingriselli, will be presenting at the LD Micro Main Event investor conference on Wednesday, October 26th at 1:30pm PDT. The event will be held in-person at the Luxe Sunset Boulevard Hotel in Los Angeles and will be available to live stream virtually.

Key Points: 
  • Approximately 135 feet of oil sands were encountered at Kruh 28 between the depths of 3,165 and 3,300 feet.
  • While drilling the K 28 well, two potential additional new oil formations were also discovered.
  • This initial evidence was supported by both wireline logging and geologic logging data, and subsequent gas flaring.
  • Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia.

Indonesia Energy Discovers Oil at Kruh 28, the Second of Two Back-to-Back New Wells at Kruh Block in 2022

Retrieved on: 
Thursday, October 20, 2022

JAKARTA, INDONESIA AND DANVILLE, CA, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has discovered oil in its “Kruh 28” well. Kruh 28 is the second of two back-to-back wells being drilled by IEC during 2022 at its 63,000-acre Kruh Block.

Key Points: 
  • Kruh 28 is the second of two back-to-back wells being drilled by IEC during 2022 at its 63,000-acre Kruh Block.
  • Approximately 135 feet of oil sands were encountered at Kruh 28 between the depths of 3,165 and 3,300 feet.
  • Based on these drilling results and testing, IEC expects production could begin at Kruh 28 by the end of November 2022.
  • The Kruh Block is located on Sumatra Island, where IEC is already producing oil from 5 existing wells.

VAALCO Energy Announces Successful Completion of the FSO Installation and Field Reconfiguration Project at Etame and Strong Production and Sales Volumes for Q3 2022

Retrieved on: 
Wednesday, October 19, 2022

HOUSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced successful completion of the Floating Storage and Offloading vessel (FSO) installation and field reconfiguration at Etame.

Key Points: 
  • HOUSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced successful completion of the Floating Storage and Offloading vessel (FSO) installation and field reconfiguration at Etame.
  • Additionally, the Company disclosed strong third quarter 2022 production which was above the high-end of quarterly guidance and sales volumes that were above the midpoint of quarterly guidance.
  • Additionally, we reported very strong VAALCO standalone third quarter 2022 production and sales volumes both above the midpoint of our guidance ranges.
  • The person responsible for arranging the release of this announcement on behalf of VAALCO isMichael Silver, Corporate Secretary of VAALCO.

COMMENCEMENT OF GAS SALES IN COLORADO

Retrieved on: 
Friday, October 14, 2022

It also marks an important step forward for AXP by establishing an operating framework to further grow revenues from its Colorado oil and gas operations.

Key Points: 
  • It also marks an important step forward for AXP by establishing an operating framework to further grow revenues from its Colorado oil and gas operations.
  • With no requirement to flare gas, this project is a foundation for further monetisation of the Company's Colorado asset.
  • Chief Executive Officer Tim Hart commented: "The commencement of gas sales under the sales agreement marks the achievement of a core operating objective for AXP in our Colorado operations.
  • Collectively, revenue from first gas sales and the added revenue from increased oil sales will deliver a solid boost to our monthly revenue streams from this asset.

Gaming & Leisure Properties and PENN Entertainment Agree to New Master Lease Terms and Development Funding

Retrieved on: 
Monday, October 10, 2022

WYOMISSING, Pa., Oct. 10, 2022 (GLOBE NEWSWIRE) --  Gaming & Leisure Properties, Inc. (“GLPI” or the “Company”) (Nasdaq: GLPI) announced today that it agreed to create a new master lease with PENN Entertainment, Inc. (“PENN”) (Nasdaq: PENN) for seven of PENN’s current properties. The companies have also agreed to a funding mechanism to support PENN’s pursuit of relocation and development opportunities at several of the properties included in the new master lease. The transaction, including the creation of the new master lease, is subject to customary regulatory approvals and is expected to be effective January 1, 2023.  

Key Points: 
  • WYOMISSING, Pa., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Gaming & Leisure Properties, Inc. (GLPI or the Company) (Nasdaq: GLPI) announced today that it agreed to create a new master lease with PENN Entertainment, Inc. (PENN) (Nasdaq: PENN) for seven of PENNs current properties.
  • The companies have also agreed to a funding mechanism to support PENNs pursuit of relocation and development opportunities at several of the properties included in the new master lease.
  • Pursuant to the terms agreed upon by the parties, the current PENN master lease will be amended to remove PENNs properties in Aurora and Joliet, Illinois; Columbus and Toledo, Ohio; and Henderson, Nevada and those properties will be added to the new master lease.
  • Throughout its 28 years as a public company, PENN Entertainment has emerged as the industrys pre-eminent developer of regional gaming assets.

White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Successfully Complete Drilling Project in Holmes County, Mississippi

Retrieved on: 
Thursday, October 6, 2022

LAS VEGAS and FAYETTEVILLE, Ark., Oct. 06, 2022 (GLOBE NEWSWIRE) -- BitNile Holdings, Inc. (“BitNile”) (NYSE American: NILE) and White River Energy Corp. (“White River”) (OTC: FRTM), today announced that Ault Energy, LLC (“Ault Energy”), a wholly owned subsidiary of BitNile, and White River Operating LLC (“WR Ops”), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry O’Neal 20-9 No. 1 (the “O’Neal No. 1 Well”), on White River’s oil and gas mineral lease in Holmes County, Mississippi. The O’Neal No. 1 Well was logged on Tuesday, October 4, 2022, by an independent Fortune 500 oilfield services company and had productive oil results across multiple pay-zones in the Smackover formation.

Key Points: 
  • LAS VEGAS and FAYETTEVILLE, Ark., Oct. 06, 2022 (GLOBE NEWSWIRE) -- BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp. (White River) (OTC: FRTM), today announced that Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WR Ops), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry ONeal 20-9 No.
  • 1 Well), on White Rivers oil and gas mineral lease in Holmes County, Mississippi.
  • BitNile, through Ault Energy, exercised its participation right and acquired a forty percent (40%) working interest in the ONeal No.
  • About White River Energy Corp.
    White River is a vertically integrated oil and gas exploration and production company.

White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Successfully Complete Drilling Project in Holmes County, Mississippi

Retrieved on: 
Thursday, October 6, 2022

BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTC: FRTM), today announced that Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WR Ops), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry ONeal 20-9 No.

Key Points: 
  • BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTC: FRTM), today announced that Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WR Ops), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry ONeal 20-9 No.
  • 1 Well), on White Rivers oil and gas mineral lease in Holmes County, Mississippi.
  • BitNile, through Ault Energy, exercised its participation right and acquired a forty percent (40%) working interest in the ONeal No.
  • White River is engaged in oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.

White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Successfully Complete Drilling Project in Holmes County, Mississippi

Retrieved on: 
Thursday, October 6, 2022

BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTC: FRTM), today announced that Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WR Ops), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry ONeal 20-9 No.

Key Points: 
  • BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTC: FRTM), today announced that Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WR Ops), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry ONeal 20-9 No.
  • 1 Well), on White Rivers oil and gas mineral lease in Holmes County, Mississippi.
  • BitNile, through Ault Energy, exercised its participation right and acquired a forty percent (40%) working interest in the ONeal No.
  • White River is engaged in oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.

Matador Resources Company Announces Upgrades to Corporate Credit Rating and $105 Million in Additional Bond Repurchases

Retrieved on: 
Tuesday, October 4, 2022

Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced (1) recent upgrades by Fitch Ratings, Inc. (Fitch) to the Companys corporate credit rating and (2) $105 million in additional purchases of the Companys outstanding senior notes.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced (1) recent upgrades by Fitch Ratings, Inc. (Fitch) to the Companys corporate credit rating and (2) $105 million in additional purchases of the Companys outstanding senior notes.
  • Foran, Matadors Chairman and CEO, commented, We are very pleased to receive Fitchs upgrade to our corporate credit rating.
  • As previously announced, Moodys Investors Service upgraded Matadors corporate family rating from B1 to Ba3 and S&P Global Ratings upgraded Matadors corporate credit rating from B+ to BB-.
  • We have now transitioned in the last 30 days from being a single b company to a double b company across the board.