Barrel (unit)

TRILLION ENERGY ANNOUNCES 2023 YEAR END RESERVE REPORT

Retrieved on: 
Thursday, April 25, 2024
USD, Cendere, Nallıhan, Barrel (unit), Oil

Vancouver, B.C., April 25, 2024 (GLOBE NEWSWIRE) --  Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide a summary and highlights of its December 31, 2023 year-end reserve report.

Key Points: 
  • Vancouver, B.C., April 25, 2024 (GLOBE NEWSWIRE) --  Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide a summary and highlights of its December 31, 2023 year-end reserve report.
  • NPV10% of total proved plus probable plus possible reserves is USD $712.7 million net to Trillion.
  • Total proved plus probable oil reserves of 240 Mbbl of oil for Cendere oil field compared to 252 Mbbl of oil in 2022.
  • For the Cendere oil property, even after producing 32 Mbbl of oil in 2023 our reserves only were reduced by 14 Mbbl oil, as our oil reserves have also increased during the year through workovers.”

Pacific Coast Oil Trust Announces There Will Be No April Cash Distribution

Retrieved on: 
Tuesday, April 30, 2024
Professional Services, Mining, Minerals, Oil, Gas, Energy, Finance, Natural Resources, Net, State, Trustee, Barrel (unit), Conveyance, Court, Face, ARO, Moss Adams, Business analyst, Internet, Hearing, Dissolution, Annual report, Hand, Accounting Standards Codification, County, Federal district, Calendar, Phillips 66, Report, Transport, Consultant, Motion, Retirement, Bank, Special, Connection, Marketing, File, Sale, Prejudice, Security (finance), COVID-19, Panel, Form 10-K, Bank statement, Evergreen, United States district court, Letter, Superior court, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

HUGOTON ROYALTY TRUST DECLARES NO APRIL CASH DISTRIBUTION

Retrieved on: 
Friday, April 19, 2024
Barrel (unit), Hearing, Lawyer, Natural gas, Annual report, Trustee, Exercise, Conveyance, Panel

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $9.4 million underlying ($7.5 million net to the Trust) in development costs have been charged to the Trust for the four non-operated wells.
  • For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.hgt-hugoton.com .

U.S. Energy Corp. Reports Financial and Operating Results for Full Year and Fourth Quarter 2023

Retrieved on: 
Tuesday, March 26, 2024
Natural gas, Public expenditure, Adjustment, Barrel (unit), Share repurchase

Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023.

Key Points: 
  • Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023.
  • Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million.
  • Lease operating expense of $3.1 million, or $22.38 per Boe, a 22% and 15% decrease, respectively, from the third quarter 2023.
  • Oil and gas related capital expenditures of $0.5 million, equivalent to the spend in the third quarter 2023.

Valeura Energy Inc.: Fourth Quarter and Year-end 2023 Results

Retrieved on: 
Tuesday, March 26, 2024
Tax, FSO, Ratio, Mubadala Investment Company, News, Safety, Calendar, Barrel (unit), Oil

This equates into an average oil production rate of 20,440 bbls/d for the 285-day period from March 22, 2023, the date on which Valeura closed the Mubadala Acquisition.

Key Points: 
  • This equates into an average oil production rate of 20,440 bbls/d for the 285-day period from March 22, 2023, the date on which Valeura closed the Mubadala Acquisition.
  • During Q4 2023, Valeura generated comprehensive income of US$57.4 million, compared to a comprehensive loss of US$7.9 million in Q4 of 2022.
  • Valeura incurred total tax expenses of US$71.2 million during the year ended December 31, 2023.
  • Production operations at the Wassana field remained suspended at the beginning of the quarter but resumed on December 8, 2023.

Epsilon Energy Ltd. Announces Full Year 2023 Results

Retrieved on: 
Wednesday, March 20, 2024
Permian, United States Treasury security, Natural gas, NRI, FCF, EPSN, Acquisition, Adjustment, Yoy, Investment, DeGolyer and MacNaughton, Everette Lee DeGolyer, Barrel (unit), Cryptocurrency

HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported its financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported its financial results for the fourth quarter and full-year ended December 31, 2023.
  • Epsilon’s highlights for full-year 2023 include:
    Net revenue interest (NRI) total production of 9.0 Bcfe (24.6 MMcfe per day) for the year ended December 31, 2023.
  • Free cash flow (FCF) before changes in working capital of $2.7 million for the year ended December 31, 2023.
  • The Texas wells came online in October 2023 and the New Mexico wells came online in May 2023.

Pacific Coast Oil Trust Announces There Will Be No March Cash Distribution

Retrieved on: 
Thursday, March 28, 2024
Banking, Energy, Professional Services, Oil, Gas, Letter, Net, Face, Panel, Sale, Transport, Bank statement, Special, Business analyst, Trustee, Marketing, Barrel (unit), Prejudice, Federal district, Accounting Standards Codification, Calendar, Hand, State, Phillips 66, Internet, Conveyance, Security (finance), Moss Adams, Annual report, County, ARO, Retirement, Consultant, Dissolution, Connection, COVID-19, Bank, Motion, United States district court, Evergreen, Superior court, Report, Court, Hearing, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

HUGOTON ROYALTY TRUST DECLARES NO MARCH CASH DISTRIBUTION

Retrieved on: 
Monday, March 18, 2024
Natural gas, Exercise, Panel, Conveyance, Lawyer, Annual report, Barrel (unit), Trustee, Hearing

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • XTO Energy has advised the Trustee that excess costs increased by $45,000 on properties underlying the Kansas net profits interests.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.hgt-hugoton.com .

Pacific Coast Oil Trust Announces There Will Be No February Cash Distribution

Retrieved on: 
Thursday, February 29, 2024
Banking, Energy, Professional Services, Oil, Gas, Hearing, Report, Net, Accounting Standards Codification, Sale, Phillips 66, Consultant, Federal district, Bank statement, Barrel (unit), ARO, Special, Moss Adams, Marketing, Bank, Transport, Connection, Prejudice, Trustee, Dissolution, United States district court, Security (finance), Conveyance, State, Panel, Court, Retirement, Calendar, Face, County, Business analyst, Annual report, Evergreen, Letter, COVID-19, Hand, Motion, Internet, Superior court, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

Pacific Coast Oil Trust Announces There Will Be No January Cash Distribution

Retrieved on: 
Friday, January 26, 2024
Oil, Gas, Energy, Conveyance, Hand, Report, Consultant, Face, Barrel (unit), County, Sale, Court, COVID-19, ARO, Calendar, Letter, Retirement, Accounting Standards Codification, Trustee, Federal district, Internet, Special, State, Moss Adams, Net, Transport, Marketing, Hearing, Phillips 66, Panel, Bank statement, Prejudice, Motion, Security (finance), Business analyst, Connection, Annual report, United States district court, Bank, Superior court, Evergreen, Dissolution, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.