Bismarck, ND 58501 Share your thoughts and join the conversation in the comments. Tel: 701-258-1557 Register now for Canadas Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register. Contact Us Regarding Your Company Profile All Companies Named PETROSHALE (US) INC. Search All North Dakota Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. Lucero is committed to upholding the highest standard of corporate responsibility. This site is protected by reCAPTCHA and the Google. Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. ALL DOLLAR AMOUNTS IN THIS NEWS RELEASE ARE STATED IN CANADIAN DOLLARS UNLESS OTHERWISE NOTED./. 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. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. PetroShale has built a sustainable growth platform of light oil focused assets. 2101 Cedar Springs Rd. Office Locations Corporate Headquarters Petro-Hunt, L.L.C. solutions, Additional services customized for your needs. PetroShale plans to continue to grow organically and pursue further drilling on existing assets. The information contained in this press release does not purport to be all inclusive or to contain all information that prospective investors may require. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha Mr. Tang has over 17 years of oil and gas experience in various financial and compliance related roles, most recently as the VP & Controller of TORC Oil & Gas Ltd. 303 E. 17th Avenue, Suite 940 and 6,592 MCF of gas, TORC grew from nil production to more than 28,000 Boepd through the successful execution of several strategic acquisitions, combined with a low risk development drilling and exploitation program that advanced the prolific Bakken resource play in the southeast Saskatchewan region of the Williston Basin. Lists Featuring This Company Canada Energy Companies Petro-Hunt L.L.C. Please Upgrade it take less then a minute. Tel: 701-982-3351, 390 119th Ave. SW Williston Basin Oil And Gas Non Competitive Lease 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. The Contest winner will be announced on May 13, 2022. Burgum, Tax Commissioner and Legislative Assembly Celebrate Signing of In addition, all pages on Bizapedia will be Drilling Activity ( NDIC means the North Dakota Industrial Commission. Petroshale (Us) Inc. with up to 5 times the number of maximum matches per search vs. non-subscribers. PetroShale's 2022 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development. 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). Suite 600 Be sure to watch the corporate videos, available on the site, to learn more about the companies. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. This entry point, combined with the New Management Team's experience in consolidating and integrating acquisitions, as well as exploiting and exploring for resource-in-place assets in the Williston Basin, will provide a platform for focused growth through strategic acquisitions and internally generated prospects. ET on Thursday, April 28, 2022. Pronghorn/Sanish and Lodgepole. Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. With the resulting financial returns enhanced by increasingly positive market conditions, the New Management Team is excited to implement a proven disciplined strategy of acquiring and exploiting assets. Divide Get email updates from your favourite authors. Active: Tel: 701-675-2467 ever been included, affiliated or connected in any way with or had any joint or common business enterprises or dealings of any kind with Petro-Hunt, Inc., a Kentucky corporation, its president J. CALGARY, AB, May 24, 2022 /CNW/ - Lucero Energy Corp. (" Lucero " or the " Company ") (formerly PetroShale Inc.) (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce that it has completed the. 303 E 17th Ave Ste 940 When typing in this field, a list of search results will appear and be automatically updated as you type. The Company's two largest shareholders, FR XIII PetroShale Holdings L.P. and M Bruce Chernoff, have waived their respective rights to participate in each of the Non-Brokered Private Placement and the Brokered Private Placement in order to maintain their current pro-rata ownership positions and are not expected to acquire any Common Shares as part of the Company's Private Placements. Drilling wells, permits, operators and production information can give you an edge. Stark. if we've collected "Sales Lead Information" for a given company, it will be displayed on the 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. Prior thereto, Mr. Skehar was the President & Chief Operating Officer of Bonavista and its predecessor, Bonavista Energy Trust. Bear Den - Petroshale Oil and Gas Asset (North Dakota, United States A Cisioncompany. . PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. Find production data for each well rolled up by owning operator. The reserve information for PetroShale in the foregoing table is derived from the independent engineering report effective December 31, 2020 prepared by Netherland Sewell & Associates evaluating the oil, NGL and natural gas reserves attributable to all of the Company's properties. PETROSHALE (US) PRODUCTION LLC :: North Dakota (US) :: OpenCorporates 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. 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. The acquisition is in line with PetroShales strategy of acquiring and developing lands in North Dakota Bakken region to benefit its shareholders through production and reserve growth. The New Management Team believes PetroShale's assets, currently producing in excess of 10,000 boe/d (approximately 85% light oil and natural gas liquids) offer compelling economic returns. Suite 720 Concurrent with the appointment of the New Management Team and the Non-Brokered Private Placement, PetroShale has entered into an agreement, on a commercially reasonable efforts private placement basis, with a syndicate of agents led by Peters & Co. Limited for 112,500,000 Common Shares at a price of $0.40 per Common Share for gross proceeds of up to $45 million. Unauthorized distribution, transmission or republication strictly prohibited. Before making any large decision, please consult the governing oil and gas agency to verify any findings from DrillingEdge. Subscribe now to read the latest news in your city and across Canada. Youre invited to participate in a stock trading simulation contest featuring this years top 50 performing public venture companies on TSX Venture Exchange. Forth Berthold Indian Reservation Bureau of Indian Affairs, Fort . North Dakota; McKenzie County, ND; Oil & Gas Properties in McKenzie County, ND; Petroshale Us Oil & Gas Property; Map of Wells Full Screen Map 3-D Map . Petroshale: Employee Directory | ZoomInfo.com Reporting Entity Name Currency of the Report Reporting Entity ESTMA 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. 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. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Suite 600 Dallas, TX 75201 Tel: 214-880-8400 Fax: 214-880-7101 Regional Offices Corpus Christi, Texas 710 Buffalo St. Suite 301 Corpus Christi, TX 78401 Tel: 361-887-2111 Fax: 361-887-1804 Midland 508 W Wall St Suite 720 Midland, TX 79701 Bismarck, North Dakota Canadas Top Public Venture Capitalist 2022. Dunn We encountered an issue signing you up. We apologize, but this video has failed to load. if the company chooses to hide the private information on their profile from the general public. 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. Corps of Engineers honors its Fargo, North Dakota, office with Civil PETROSHALE US H1: PETROSHALE (US) INC. BISMARCK, N.D. - Gov. DENVER , Calgary, AB T2P 3N9, April 10, 2023 Lucero Energy Corp Announces Inaugural Sustainability Report, March 9, 2023 Lucero Announces Fourth Quarter and Year-End 2022 Financial & Operating Results, Highlighted by Record Funds Flow and Net Income, and Reports Year-End 2022 Reserves, December 15, 2022 Lucero Announces 2023 Capital Budget & Production Guidance. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements"). Suite 414 Additional information on these and other factors that could affect PetroShale's operations and financial results following the completion of the Private Placements are included in its Annual Information Form for the year ended December 31, 2020 and other reports on file with Canadian securities regulatory authorities, which may be accessed through the SEDAR website (www.sedar.com). . 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. U.S. Army Corps of Engineers St. Paul District Public Affairs Office 332 Minnesota St., Suite E1500 St. Paul, MN 55101 Phone: (651) 290-5807 Fax: (651) 290-5752 DENVER , PetroShale - Crunchbase Company Profile & Funding Lambert, MT 59243 The forward-looking statements contained in this press release are made as of the date hereof and neither PetroShale nor the New Management Team undertake any obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, We are a pure-play North Dakota Bakken producer . Prospective investors are encouraged to conduct their own analysis and reviews of PetroShale and the New Management Team and the other information contained in this press release. Tel: 701-863-6622 We are a pure-play North Dakota Bakken producer . This story was provided by a client for commercial purposes. Petro-Hunt has active operations in eight counties in North Dakota and four in Montana. Access articles from across Canada with one account. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 With a new management team on board and a strong vision in place, PetroShale Inc. (TSXV:PSH) has been recognized as one of this year's TSX Venture 50 winners. To protect our site, we cannot process your request right now. Jan 2017 - Apr 2023). 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. Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). 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. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. PetroShale, we, us, our or the Corporation means PetroShale Inc. and where the context requires, means us and all our controlled entities on a consolidated basis, and where the context requires, also means our predecessor issuers, Mondak Petroleum Inc., Algonquin Oil & Gas Limited and their . Enjoy insights and behind-the-scenes analysis from our award-winning journalists. If you are a Home delivery print subscriber, unlimited online access is. PETROSHALE (US) PRODUCTION LLC | North Dakota Company Directory Petro Hunt | Contact Corpus Christi, TX 78401 In January, 2022, we announced a new management team and board member, and an oversubscribed $54.5 million equity financing designed to recapitalize the Company. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Tel: 214-880-8400 Oil and Gas information that can give you a competitive edge in a very competitive landscape. 2022-05-18 | Press Release | PETROSHALE INC. ANNOUNCES - stockhouse Your entire office will be able to use your search subscription. are no permits filed with the state Free and open company data on North Dakota (US) company PETROSHALE (US) PRODUCTION LLC (company number 0000091959), 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . New Town, ND 58763 Denver, CO 80202 Fax: 361-887-1804, 508 W Wall St An emerging pure-play growth company in North Dakota The map below shows the exact location of the asset in the state of North Dakota in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. In 2003, Baytex was reorganized into Baytex Energy Corp. and Crew Energy Inc. Mr. Shwed served on the Board of Directors of TORC Oil & Gas Ltd. from 2012 to 2021, and is currently on the Board of Directors of Inplay Oil Corp. 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. Tel: 701-863-6500 Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. Governor Doug Burgum, members of the 69th Legislative Assembly and State Tax Commissioner Brian Kroshus today celebrated the signing of a major tax relief package that will provide a combined $515 million in savings for payers of state individual income tax and local property tax over the next two years. Create an account or sign in to continue with your reading experience. For further information: Brett Herman, President and Chief Executive Officer, PetroShale Inc., Telephone: (825) 509-4480, Email: info@petroshaleinc.com; Marvin Tang, Vice President, Finance and. If you have any questions don't hesitate to contact us. Midland, TX 79701, 400 E. Broadway Ave. PetroShale Inc. Announces Appointment of New Management Team, Board 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Copyright 2023 Lucero Energy Corp. All rights reserved. PETROSHALE (US), INC. :: North Dakota (US) :: OpenCorporates PetroShale achieved several strategic operational objectives through the execution of the ompany's $63 million capital expenditure1 program in 2021, including efficiently executing on 6 (4.95 net) operated wells and maximizing free cash flow1 from the ompany's high quality assets focused in the North Dakota Bakken and Three Forks play. 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. Henry Hill's water solutions are designed with you in mind. Lucero Energy Corp. | LinkedIn To get full access now. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Tel: 406-774-3017 (jb) 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. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. 2022 CAPITAL BUDGET AND PRODUCTION GUIDANCE. 350 - 7th Ave SW, Suite 3900. Petroshale Profile and History. Website http://www.lucerocorp.com/ Industries Oil and Gas Company size 11-50 employees Headquarters Denver,. Petroshale (US), Inc. v. Continental Resources, Inc. Shale Experts is a Members ONLY resource. We are a technically driven company focused on land interests with near term drilling exposure. Most recently, Mr. Herman was the President & CEO of TORC Oil & Gas Ltd., and previously, President & CEO of Result Energy Inc. and TriStar Oil & Gas Ltd. Proceeds from the Private Placements will be used to reduce debt and for general corporate purposes, positioning the Company to execute on a disciplined corporate strategy. Reporting Year From: 2020-01-01. Petroshale Us in McKenzie County, ND | Oil & Gas Production and Well Business Address: (1) All reserves information in this press release are gross reserves. Daily puzzles including the New York Times Crossword. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Unlimited online access to articles from across Canada with one account. At no time has Petro-Hunt, L.L.C. of 02-01-2023. Anderson South 3MBH | API #33-053-09113 | Petroshale (Us) Inc. Although PetroShale believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because there is no assurance that they will prove to be correct. In addition, the use of any of the words "guidance", "initial, "scheduled", "can", "will", "prior to", "estimate", "anticipate", "believe", "should", "forecast", "future", "continue", "may", "expect", and similar expressions are intended to identify forward-looking statements. Suite 2550S Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. Please try again. CO . Subscribe now to receive immediate access to. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. We are sorry, but your computer or network may be sending automated queries. The New Management Team has a successful track record of creating shareholder value through a disciplined and long term integrated strategy of acquiring and developing assets, most recently at TORC Oil & Gas Ltd. ("TORC"). Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors they consider in investigating and analyzing PetroShale and the New Management Team. The next issue of Financial Post Top Stories will soon be in your inbox. The last action for this lease occurred on November 17, 2021. Tel: 701-546-4601 Our new management team has a strong track record of disciplined operating and consolidating success in the Williston Basin. Simple, actionable information at your fingertips. This story was provided by Market One Media Group for commercial purposes. Petroshale (us) Inc. | North Dakota Oil & Gas Producer Profile 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 . served to you completely ad free and you will be granted access to view every profile in its entirety, even (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. PetroShale's strategic objectives associated with the 2022 capital budget are consistent with the New Management Team's long term objectives of delivering disciplined per share growth in combination with maintaining financial flexibility. 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. Burgum signed a bill Monday, April 24, 2023, that limits access to bathrooms, locker rooms and shower rooms for transgender and gender-nonconforming people in several state facilities. North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . Research Data Analyst - Remote, North Dakota, United States These are the closest 20 properties to the Petroshale Us property. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Suite 301 Lucero Energy Corp. - Positioning For Long-Term Sustainability 80203-1262 Petroshale (us) Inc. Activity Summary Powered by: MineralAnswers.com Petroshale (us) Inc. Production Chart Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), PetroShale Fourth Quarter, Full Year 2020 Results; Reserves, PetroShale's Credit Facility Increased 64% to $82MM, Bakken Operator Double Production Year-over-Year, PetroShale Hits 14% Production Growth at Year-End 2017; 2,121 BOEPD, PetroShale Touts Oily New Well IPs in the Bakken, 2,759 BOPD Well Drilled in McKenzie County, ND, Petroshale's First Operated Bakken Well Flows 2500 BOPD, PetroShale Ups Ante in the Bakken; Acquires Property for $55MM, PetroShale Picks Up Additional Bakken Acreage for $17.8MM, PetroShale Adds Interest in EOG-Operated Bakken Drilling Unit, Bakken Operator Doubles Production Year-over-Year, Petroshale Closes Three 1Q Acquisitions in ND, PetroShale Talks Bakken Strategy; Looks to Expand Portfolio, PetroShale, Slawson Announce Successful Upper Bakken Shale Test, Future and current Drilling Plans in , as of 05-01-2023, Intent To Drill/Drilling Permits for , as of 05-01-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics.
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