Fax: 701-863-6620, 813 123rd Ave. SW 80203-1262 Petroshale (us) Inc. Activity Summary Powered by: MineralAnswers.com Petroshale (us) Inc. Production Chart PetroShale disclaims any intention or obligation to update or revise any FOFI statements, whether as a result of new information, future events or otherwise, except as required by law. 2023 Shale Experts, All rights reserved. New Town, ND 58763 of 21,295,076 barrel of oil equivalent Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. DENVER , Information on the lease was last updated on October 1, 2021. Tel: 214-880-8400 PetroShale's actual results, performance or achievement following the completion of the Private Placements could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits PetroShale will derive therefrom. Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development drilling inventory; Maximizing free cash flow through an efficient capital program focused on high graded development drilling opportunities; Moderating the Company's production decline profile; Directing the pace of the capital program to maintain spending flexibility throughout the year; and. We employ a proven and repeatable strategy to generate value and develop the play with a consistent approach throughout the cycle. Shale Experts offers the most COMPLETE coverage of the . Due to strong demand, PetroShale agreed to increase the size of the Brokered Private Placement from its initial target of $30 million. Fax: 701-546-4646, Topics/Category*QuestionsCommentsRoyalty Owner QuestionsOther, McKenzie PetroShale is an oil company engaged in the acquisition, development and production of high-quality oil-weighted assets in the North Dakota Bakken / Three Forks. Suite 324 from 55 actively producing wells in Cass County has two winners because they had identical scores during their evaluations, according to the office of North Dakota K-12 Superintendent. BISMARCK, N.D. - Gov. PetroShale Inc. is pleased to announce that it has finalized an agreement to acquire an 18.75% Working Interest in a proposed drilling unit in McKenzie County, North Dakota, for a total purchase . solutions, Additional services customized for your needs. . To: 2020-12-31. Fax: 701-863-6999, 10060 81st St. NW Suite 414 2101 Cedar Springs Rd. 80203-1262, Petroshale (us) Inc. A major drilling operator has reportedly saved C$130k and avoided multiple trips per sect EPC giant, TechnipFMC has landed subsea contracts for Anadarkos Mozambique LNG Project. The New Management Team has a strong track record of disciplined operating and consolidating success in the Williston Basin, where PetroShale's existing asset base is located (within the prolific North Dakota Bakken). Tel: 701-982-3351, 390 119th Ave. SW Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. Reporting Entity Name Currency of the Report Reporting Entity ESTMA Petroshale Profile and History. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. Completion of the Private Placements, is subject to certain conditions, including the approval of the TSXV, and is expected to occur on or about February 2, 2022 assuming all conditions have been met by such day. Find production data for each well rolled up by owning operator. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Law360 (April 20, 2023, 1:23 PM EDT) -- A North Dakota energy company asked a federal judge to toss an amended complaint brought by a rival oil and gas developer over drilling rights, saying the . Each registrant will be provided an initial balance of $50,000 of virtual cash in their contest portfolio account (no actual money will be involved) and asked to build a portfolio based on this years TSX Venture 50. Fax: 214-880-7101, 710 Buffalo St. A Cisioncompany. For further information: Brett Herman, President and Chief Executive Officer, PetroShale Inc., Telephone: 403-266-1717; Marvin Tang, Vice President Finance and Chief Financial Officer, PetroShale Inc., Telephone: 403-266-1717. Petroshale (Us) Inc. / API # 33-053-09113 Well Summary Well Name: Anderson South 3MBH API #: 33-053-09113 Operator: Petroshale (Us) Inc. County: McKenzie County, ND Production Dates on File: January 2022 to February 2023 3.3 k Barrels of Oil Produced in Feb 2023 7.2 k MCF of Gas Produced in Feb 2023 Map of Anderson South 3MBH PetroShale has the following key operational and financial attributes: 2022E Average: 10,500 11,000 boepd (85% light oil and liquids), 2022E Exit: 11,000 boepd (85% light oil and liquids), Approximately 72 MMboe (87% light oil and liquids), Corporate production decline: 30% (2022E), Capital Efficiency(2),(3): $17,000/boepd (IP 365), $134 million ($82 million pro forma the Private Placements), 521 million (657 million pro forma the Private Placements). 2023 DrillingEdge, Inc. All rights reserved. Maintaining PetroShale's strong financial position and flexibility to take advantage of additional growth opportunities as they arise. Petroshale (US), Inc. v. Continental Resources, Inc. (1:17-cv-00217), North Dakota District Court, Filed: 10/11/2017 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets. North Dakota (US) Branch Branch of PETROSHALE (US), INC. (Delaware (US)) Registered Address 303 E 17TH AVE STE 940 SARA WEBSTER DENVER, CO 80203-1262 United States Business Classification Text INTERESTS IN OIL & GAS WELLS & LEASES Agent Name NORTHWEST REGISTERED AGENT SERVICE, INC Agent Address 3003 32ND AVE S STE 240, FARGO, ND 58103-6118 served to you completely ad free and you will be granted access to view every profile in its entirety, even Pronghorn/Sanish and Lodgepole. Drilling wells, permits, operators and production information can give you an edge. ET on Thursday, March 3, 2022 and ends at 4 p.m. (BOE) reported during the month PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. . Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. With the strong performance of the Company's underlying production base, PetroShale anticipates that the US$45 million (CDN$57 million) 2022 capital budget will result in 2022 average production between 10,500-11,000 boepd (85% light oil & natural gas liquids) and exit guidance of 11,000 boepd (85% light oil and natural gas liquids) while improving the production decline profile below 25% by year end. Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . It is anticipated that the shareholders of PetroShale will be asked to approve a change of the Company's name to "Lucero Energy Corp." at the next annual general meeting of shareholders. Calgary ND T2P 3N9. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. 80203-1262. Previously, Mr. Manchester was the Vice President, Operations of Vero Energy Inc., and prior thereto, the Production & Engineering Manager of True Energy Inc. Mr. Shwed is currently the President and Chief Executive Officer of Crew Energy Inc. Mr. Shwed graduated from the University of Alberta with a Bachelor of Science degree in Geology in 1980, and has held positions of increasing responsibility with various exploration and production companies before founding Baytex Energy Ltd. ("Baytex") in 1993. NDIC means the North Dakota Industrial Commission. Please notify DrillingEdge immediately if any inaccuracies are discovered. Contest trading begins at 9:30 a.m. PetroShale also announced an oversubscribed $54.5 million equity financing designed to recapitalize the company, their 2022 capital budget and production guidance, along with a proposed name change to Lucero Energy Corp. To learn more about PetroShale Inc.s unique investment proposition, visit their website here. In its most recent press release in January, the company announced that they expanded the PetroShale Board with a solid track record of building, financing and directing oil and gas companies and bringing a wide range of experience, knowledge and innovation to the recapitalized entity. At no time has Petro-Hunt, L.L.C. . Suite 301 303 E 17th Ave Ste 940 BISMARCK, N.D. - Gov. 2022 CAPITAL BUDGET AND PRODUCTION GUIDANCE. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Ms. Lavergne has over 18 years of oil and gas engineering experience, particularly in the Williston Basin, and most recently was the Engineering Manager of TORC Oil & Gas Ltd. with up to 5 times the number of maximum matches per search vs. non-subscribers. Lambert, MT 59243 Share your thoughts and join the conversation in the comments. The Contest winner will be announced on May 13, 2022. Office Locations Corporate Headquarters Petro-Hunt, L.L.C. Forth Berthold Indian Reservation Bureau of Indian Affairs, Fort . We are sorry, but your computer or network may be sending automated queries. "This is a historic day for North Dakota children, parents and employers. CALGARY, AB, Jan. 13, 2022 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, Operations. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. We are a technically driven company focused on land interests with near term drilling exposure. PetroShale and the New Management Team believe that "cash flow" is a useful measure for demonstrating the potential cash flow generation of PetroShale's assets and is calculated as an estimate by PetroShale of PetroShale's cash provided by operating activities prior to finance expense and change in non-cash working capital. PetroShale's 2022 capital budget is specifically focused on: PetroShale's capital program in 2022 is focused on light oil development projects, with the majority of the capital directed to drilling, completions and tie-ins (greater than 85%) with the remainder allocated to operational and facility optimization to maximize production efficiency. currently ranked #22 in the state of North Dakota based on a total production Copyright 2023 Lucero Energy Corp. All rights reserved. More than 2,500 Subscribers rely on our data each day. Oil & Gas Property in McKenzie County, ND, Our Valuation Estimates for Petroshale Us, * Assessment based on future expected revenue ** Based on a 36 month multiple of average monthly estimated revenue. Burnet, Duckworth and Palmer LLP is acting as counsel to PetroShale, and McCarthy TtraultLLP is acting as counsel to the syndicate of agents led by Peters & Co. Limited in respect of the Brokered Private Placement. Denver, CO 80203 USA, 1800 350 7th Avenue SW North Dakota owned by Petroshale Inc USand Oasis Petro North America LLC. PetroShale's production averaged 10,681 boepd in the first quarter, a 6% increase from 10,108 boepd during the same period in 2021 and a reduction of 2% from fourth quarter 2021 production of 10,906 boepd, reflecting the Company's efforts to stabilize the overall corporate decline rate. Tel: 701-675-2467 In addition to the New Management Team, one new independent director, Dale O. Shwed has been appointed to the board of directors of PetroShale (the "PetroShale Board"), which continues to include M. Bruce Chernoff, David Rain, Gary Reaves, Jacob Roorda and Brett Herman. PetroShale plans to continue to grow organically and pursue further drilling on existing assets. Fax: 361-887-1804, 508 W Wall St Head Office Address. Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. This page was last edited on 7 October 2021, at 20:58. https://www.gem.wiki/w/index.php?title=Bear_Den_-_Petroshale_Oil_and_Gas_Asset_(North_Dakota,_United_States)&oldid=269511, Oil and gas extraction in the United States, Creative Commons Attribution-NonCommercial-ShareAlike. Your entire office will be able to use your search subscription. Corpus Christi, TX 78401 303 E 17th Ave Ste 940 Enjoy insights and behind-the-scenes analysis from our award-winning journalists. More particularly, this press release contains forward-looking statements concerning: the number, the price and the type of securities to be issued by PetroShale pursuant to the Private Placements; the aggregate proceeds from the proposed Private Placements and the anticipated use of proceeds therefrom; PetroShale's estimates of year end net debt, including following the Private Placements; estimated cash flow from PetroShale's assets; the new and existing directors of the PetroShale Board and members of the New Management Team following completion of the Private Placements; PetroShale's future production estimates; the manner in which the 2022 capital budget will be spent, including the types of capital expenditures; the ability of incoming New Management Team to repeat its financial and operational success through on completion of the Private Placements; the business plan of PetroShale following the completion of the Private Placements; the expectations relating to business advantages and opportunities in the oil and gas industry given current market conditions; expectations as to the corporate decline rate and capital efficiency; the expectation that the name of the Company will be changed following completion of the Private Placements. This advertisement has not loaded yet, but your article continues below. For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. Burke Operator Summary Operator Name: Petroshale (Us) Inc. Production Dates on File: September 2016 to February 2023 2 Counties With Production 44 Currently Producing Wells 91 Total Wells 197.8 k Barrels of Oil Produced in Feb 2023 455.8 k MCF of Gas Produced in Feb 2023 Map of Wells Associated with Petroshale (Us) Inc. We are a pure-play North Dakota Bakken producer . Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). With a new management team on board and a strong vision in place, PetroShale Inc. (TSXV:PSH) has been recognized as one of this years TSX Venture 50 winners. Daily puzzles including the New York Times Crossword. Petroshale (us) Inc. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by PetroShale including but not limited to expectations and assumptions concerning the availability of capital, current legislation, egress constraints, receipt of required regulatory approvals, the success of future drilling, development and acquisition activities, the performance of existing wells, the growth and acquisition strategy of the New Management Team, general economic conditions, availability of required equipment and services, assumptions of future commodity prices, Canada-U.S. exchange rate, and other assumptions identified herein, including certain expectations and assumptions made by PetroShale in respect thereof. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play. Mr. Manchester has significant oil and gas engineering and operations experience, particularly in the Williston Basin, and most recently was the VP Operations of TORC Oil & Gas Ltd. Create an account or sign in to continue with your reading experience. CALGARY, AB - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, 1801 BROADWAY STE 920 DENVER, CO 80202-3805 Mailing Address. Suite 2550S (jb) To the extent any guidance or forward looking statements herein constitute a financial outlook or future oriented financial information ("FOFI"), including PetroShale's potential cash flow in 2022 and net debt at the end of 2022, they are made as of the date hereof and included herein to provide prospective investors with an understanding the plans and assumptions for budgeting purposes and prospective investors are cautioned that the information may not be appropriate for other purposes. Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. Please Upgrade it take less then a minute. north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . Lucero (or PetroShale (US) Inc.) provides exposure to a focused land base within the core of the Bakken, which offers significant multi-zone oil development opportunities. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Petro-Hunt L.L.C. Midland, TX 79701, 400 E. Broadway Ave. Salary/Position Classification $55,000 Annual, Exempt 40 hours per week 100% Remote Work Availability:Yes Hybrid Work Availability:Yes Purpose of Position The Research Data Analyst is primarily responsible for producing regular reports for internal and external constituents, fulfilling ad hoc data requests, and making regularly requested data available to end users on demand through . Suite 720 House Bill 1540 will have a positive impact on thousands of . 350 - 7th Ave SW, Suite 3900. [1] CO . [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Each Unit will be comprised of one Common Share and one warrant ("Warrant") entitling the holder to purchase one Common Share at a price of $0.475 per Common Share for a period of 5 years from the issuance date. (2) Capital efficiency is a measure of forecast capital expenditures divided by forecast production additions. Jan 2017 - Apr 2023). A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Unlimited online access to articles from across Canada with one account. production from North Dakota has increased from 137,644boepd in . The Venezuelan Finance Ministry yesterday said that the China Development Bank will finan Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Ca Oil prices fell yesterday as US President Donald Trump asked OPEC to REDUCE PRICING NOW Visibility in the global oil & gas community, Access to thousands of global oil & gas tenders.
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