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Global Gas Trade Continued Its Move to Competitive Gas on Gas Pricing, while the Global Wholesale Gas Price Levels Cooled Off Slightly in 2023

Retrieved on: 
Tuesday, April 23, 2024

AMSTERDAM, April 23, 2024 /PRNewswire/ -- Flame Conference - The International Gas Union (IGU) releases its 2024 Global Wholesale Gas Price Survey report, the 16th undertaken since 2005.

Key Points: 
  • AMSTERDAM, April 23, 2024 /PRNewswire/ -- Flame Conference - The International Gas Union (IGU) releases its 2024 Global Wholesale Gas Price Survey report, the 16th undertaken since 2005.
  • Demand rebound in China and further growth in spot LNG imported into Europe contributed to the rise.
  • Global wholesale prices continued to significantly vary across regions, with Europe still remaining highest priced.
  • The maturing and growing flexibility of a truly global gas market are welcome signs from this year's survey results.

Global Gas Trade Continued Its Move to Competitive Gas on Gas Pricing, while the Global Wholesale Gas Price Levels Cooled Off Slightly in 2023

Retrieved on: 
Tuesday, April 23, 2024

AMSTERDAM, April 23, 2024 /PRNewswire/ -- Flame Conference - The International Gas Union (IGU) releases its 2024 Global Wholesale Gas Price Survey report, the 16th undertaken since 2005.

Key Points: 
  • AMSTERDAM, April 23, 2024 /PRNewswire/ -- Flame Conference - The International Gas Union (IGU) releases its 2024 Global Wholesale Gas Price Survey report, the 16th undertaken since 2005.
  • Demand rebound in China and further growth in spot LNG imported into Europe contributed to the rise.
  • Global wholesale prices continued to significantly vary across regions, with Europe still remaining highest priced.
  • The maturing and growing flexibility of a truly global gas market are welcome signs from this year's survey results.

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

Retrieved on: 
Tuesday, February 20, 2024

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:

Epsilon Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023

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 .

The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report

Retrieved on: 
Thursday, September 21, 2023

LONDON, Sept. 21, 2023 /PRNewswire/ - The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.

Key Points: 
  • LONDON, Sept. 21, 2023 /PRNewswire/ - The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.
  • 2021 and 2022 both saw unprecedented increases in spot prices globally with abnormal price volatility, from the depths of 2020 as Covid-19 impacted gas demand.
  • Prices have eased back somewhat in 2023, but they remain above pre-crisis levels and market conditions keep them susceptible to further volatility.
  • Gas is essential to re-establish the lost global energy security and to deliver an orderly energy transition.

The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report

Retrieved on: 
Thursday, September 21, 2023

LONDON, Sept. 21, 2023 /PRNewswire/ -- The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.

Key Points: 
  • LONDON, Sept. 21, 2023 /PRNewswire/ -- The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.
  • 2021 and 2022 both saw unprecedented increases in spot prices globally with abnormal price volatility, from the depths of 2020 as Covid-19 impacted gas demand.
  • Prices have eased back somewhat in 2023, but they remain above pre-crisis levels and market conditions keep them susceptible to further volatility.
  • Gas is essential to re-establish the lost global energy security and to deliver an orderly energy transition.

Bion and Dakota Valley Growers Announce LOI for Sustainable Beef Project

Retrieved on: 
Monday, April 24, 2023

NEW YORK, April 24, 2023 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and premium sustainable beef, and Dakota Valley Growers, a cattle feeder near Bathgate, North Dakota, announced a letter of intent to develop a 15,000-head sustainable beef cattle feeding operation.

Key Points: 
  • NEW YORK, April 24, 2023 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and premium sustainable beef, and Dakota Valley Growers, a cattle feeder near Bathgate, North Dakota, announced a letter of intent to develop a 15,000-head sustainable beef cattle feeding operation.
  • The Dakota Valley Growers (DVG) project will have indoor barns to ensure the cattle are adding protein instead of burning calories to stay warm or fight through mud.
  • Russell Edgar, founder of Dakota Valley Growers, said, "Bion can help us produce a better, more sustainable product and improve our bottom line at the same time.
  • That's good business for Dakota Valley Growers and good business for North Dakota and our corn farmers and cow-calf producers."

Equus Announces Fourth Quarter Net Asset Value

Retrieved on: 
Wednesday, March 29, 2023

The following was the principal contributor to the increase in fair value of the Company’s portfolio holdings in 2022:

Key Points: 
  • The following was the principal contributor to the increase in fair value of the Company’s portfolio holdings in 2022:
    Increase in the Value of Equus Energy.
  • During 2022, the fair value of Equus Energy, LLC, increased from $13.0 million to $15.65 million.
  • The Company received advice and assistance from a third-party valuation firm to support its determination of the fair value of this investment.
  • Although the Company experienced an increase in value of its investment holding in Equus Energy, the Company’s overall net asset value declined, due in part to increased professional fees and expense relating to due diligence and the examination of potential transactions that could, if consummated, be transformative for the Company.

Equus Announces Fourh Quarter Net Asset Value

Retrieved on: 
Tuesday, March 28, 2023

The following was the principal contributor to the increase in fair value of the Company’s portfolio holdings in 2022:

Key Points: 
  • The following was the principal contributor to the increase in fair value of the Company’s portfolio holdings in 2022:
    Increase in the Value of Equus Energy.
  • During 2022, the fair value of Equus Energy, LLC, increased from $13.0 million to $15.65 million.
  • The Company received advice and assistance from a third-party valuation firm to support its determination of the fair value of this investment.
  • Although the Company experienced an increase in value of its investment holding in Equus Energy, the Company’s overall net asset value declined, due in part to increased professional fees and expense relating to due diligence and the examination of potential transactions that could, if consummated, be transformative for the Company.

Black Stone Minerals, L.P. Announces Record Fourth Quarter and Full Year 2022 Results; Provides Guidance for 2023

Retrieved on: 
Tuesday, February 21, 2023

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 2022 and provides guidance for 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 fourth quarter and full year of 2022 and provides guidance for 2023.
  • Black Stone reported oil and gas revenue of $196.2 million (44% oil and condensate) for the fourth quarter of 2022, a decrease of 10% from $218.0 million in the third quarter of 2022.
  • Adjusted EBITDA for the fourth quarter of 2022 was $131.7 million, which compares to $123.1 million in the third quarter of 2022 and $77.6 million in the fourth quarter of 2021.
  • Following are the key assumptions in Black Stone Minerals’ 2023 guidance, as well as comparable results for 2022: