petroshale north dakota office

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. There was an error, please provide a valid email address. 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 . Tel: 701-258-1557 If you are a Home delivery print subscriber, unlimited online access is. Stay in touch with our Daily Email Newsletter. Fax: 701-863-6999, 10060 81st St. NW Wallace was a nine-year veteran of the department, having previously worked as a travel agent before beginning his law enforcement career with the Stark County Sheriff's Office in 2011. Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. if the company chooses to hide the private information on their profile from the general public. Forth Berthold Indian Reservation Bureau of Indian Affairs, Fort . Share your thoughts and join the conversation in the comments. 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. 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. 80203-1262 Petroshale (us) Inc. Activity Summary Powered by: MineralAnswers.com Petroshale (us) Inc. Production Chart 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. Suite 301 These include, but are not limited to, risks associated with the oil and gas industry in general (including but not limited to operational risks in development, exploration and production); delays or changes in plans with respect to exploration or development projects; receiving all necessary approvals for the Private Placements (including that of the TSXV) and the name change and any conditions to such approvals; capital expenditures, acquisitions or other corporate transactions; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The expanded PetroShale Board has a solid track record of building, financing and directing oil and gas companies and brings a wide range of experience, knowledge and innovation to the recapitalized entity. 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. Fax: 701-258-1562, 600 17th St. Midland, TX 79701, 400 E. Broadway Ave. PetroShale Announces Property Acquisition, Executive Management and Board Changes and Private Placement PetroShale Inc. is pleased to announce the acquisition of additional land in one of our. This press release is not an offer of the securities for sale in the United States. Continued aggressive acquisition strategy in North Dakota, closing three separate transactions. BISMARCK, N.D. - Gov. Sales per . Doug Burgum today signed House Bill 1540, which provides nearly $66 million to support child care services and help address a major barrier to workforce participation as North Dakota continues to face a severe workforce shortage. Aggregated production of all wells and leases associated with this property, Oil & Gas Properties in McKenzie County, ND, Burlington Resources Oil & Gas Company LP. We are a pure-play North Dakota Bakken producer . [1] Drilling wells, permits, operators and production information can give you an edge. North Dakota owned by Petroshale Inc USand Oasis Petro North America LLC. oasis petroleum north america llc dahl w federal 5301 13- . This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. CO . Active: 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. 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 Be sure to watch the corporate videos, available on the site, to learn more about the companies. We are a pure-play North Dakota Bakken producer . Petro-Hunt L.L.C. Calgary ND T2P 3N9. 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. of 6,592 BBLs oil 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. 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. 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 story was provided by a client for commercial purposes. "This is a historic day for North Dakota children, parents and employers. Fax: 701-675-2504, 12710 95th St. NW Petroshale corporate office is located in 421-7th Ave SW, Calgary, Alberta, T2P 4K9, Canada and has 45 employees. Prior thereto, Ms. Lavergne specialized in various engineering roles at Legacy Oil + Gas Inc.,TriStar Oil & Gas Ltd., and Harvest Energy Trust. Read more about cookies here. 2023 DrillingEdge, Inc. All rights reserved. BISMARCK, N.D. - Gov. Suite 2550S 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. The Contest winner will be announced on May 13, 2022. Register now for Canadas Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register. New Town, ND 58763 Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. 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. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. The next issue of Financial Post Top Stories will soon be in your inbox. Dallas, TX 75201 While we are constantly updating and improving our datasets and product, we do not guarantee that the results and coverage provided are 100% complete and up to date. 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. The stability of the high quality, lower decline, light oil assets in the Bakken resource play in North Dakota positions PetroShale to provide value creation through a disciplined long term focused growth strategy. Doug Burgum delivers his budget address before a joint session of the North Dakota Legislature in Bismarck, N.D., Dec. 5, 2018. Tel: 701-675-2467 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. Unauthorized distribution, transmission or republication strictly prohibited. 80203-1262, Petroshale (us) Inc. 4561 106th Ave. NW 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Fax: 701-863-6620, 813 123rd Ave. SW 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. Head Office Address. Tel: 701-546-4601 Website http://www.lucerocorp.com/ Industries Oil and Gas Company size 11-50 employees Headquarters Denver,. ET on Thursday, March 3, 2022 and ends at 4 p.m. ET on Thursday, April 28, 2022. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Dunn Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. At no time has Petro-Hunt, L.L.C. The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . PETROSHALE US H1: PETROSHALE (US) INC. Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. Shale Experts offers the most COMPLETE coverage of the . Suite 600 Jan 2017 - Apr 2023). Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. company profile page along with the rest of the general data. production from North Dakota has increased from 137,644boepd in . Please notify DrillingEdge immediately if any inaccuracies are discovered. 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 Share This: Previous Article 99/month for 3 months SUBSCRIBE NOW Show Search. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Doug Burgum today signed a major pension reform bill that protects the retirement benefits for existing public employees and retirees and also protects taxpayers in the long-term by addressing a $1.9 billion unfunded liability in the North Dakota Public Employees Retirement System (NDPERS). Reporting Year From: 2020-01-01. . Canadas Top Public Venture Capitalist 2022. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. 350 - 7th Ave SW, Suite 3900. PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on any financial outlook or FOFI. Fax: 303-295-10592, 12801 County Rd. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . The 2022 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. Reporting Entity Name Currency of the Report Reporting Entity ESTMA 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. Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. 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. 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 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. Tel: 361-887-2111 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. The company has an estimated daily production Simplifying search for the right products and services, Respond to the industry requirements from all over the world, Simplifying your search for the right candidate, Learn why registering with us is the right step, Expand the reach of your business with our marketing . Mailing Address: He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. 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. Youre invited to participate in a stock trading simulation contest featuring this years top 50 performing public venture companies on TSX Venture Exchange. Killdeer, ND 58640 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"). We are a technically driven company focused on land interests with near term drilling exposure. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. currently ranked #22 in the state of North Dakota based on a total production Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. 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). Your entire office will be able to use your search subscription. A Cisioncompany. Petroshale (Us) Inc. Subscribe now to receive immediate access to. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. If you don't see it, please check your junk folder. 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). 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. Tel: 406-774-3017 Shale Experts is a Members ONLY resource. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Click here to Upgrade And Get Immediate Access. 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. 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 . The Warrants will vest and become exercisable as to one-third upon the 20-day volume weighted average trading price of the Common Shares (the "Trading Price") equalling or exceeding $0.67 per Common Share, an additional one-third upon the Trading Price equalling or exceeding $0.83 per Common Share and the final one-third upon the Trading Price equalling or exceeding $0.95 per share. 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. Corpus Christi, TX 78401 By combining unique design features in our Class II salt water disposal wells with efficient gathering systems and managing those systems with state of art SCADA software, Henry Hill Oil can reduce the cost of salt water disposal, reduce wear on well pads, and help position our partners to handle their salt water disposal needs for .

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