Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 


Oil and Gas Stocks investor research at OilandGasStockNews.com

OilandGasStockNews.com- investing ideas in oil and gas stocks

Like Oil and Gas Stocks? View our Oil and Gas Stocks Directory  Get News Alerts on Energy Stocks


Featured Energy Stocks - Feature Your Company & Product Here

Oil and Gas News

Oil & Gas Firm Makes Progress at Its Orogrande Basin Project
August 21, 2018 (Investorideas.com Newswire) A ROTH Capital Partners report relayed what work has been recently completed.

#Energy Stock (TSX: $E.TO) Alert: Investors: Winter is Coming
August 21, 2018 (Investorideas.com Newswire) The following article/commentary is released on Enterprise Group, Inc. (TSX: E). Whether pro-pipeline or con, most have no idea the science and safety protocols employed when an oil or natural gas line is laid. The general consensus - that a truckload of pipe is rolled up to a ditch and dumped in is - in a word, crazy.

Saudi Arabia And Iran Reignite The Oil Price War
August 14, 2018 (Investorideas.com Newswire) The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Why the Uranium Price Must Go Up
August 14, 2018 (Investorideas.com Newswire) Rick Mills of Ahead of the Herd discusses the current state of the uranium market and the factors that he believes are pointing to higher uranium prices.

Uranium Producer Posts 'Banner Quarter
August 13, 2018 (Investorideas.com Newswire) This company delivered strong Q2/18 results, prompting a target price increase by one investment firm.

Oil & Gas Firm's Q2/18 Shows Production Upside, 'Portfolio Cleanup,' Strong Cash Flow
August 13, 2018 (Investorideas.com Newswire) A Raymond James report reviewed the company's most recent financial and production numbers.

Oil Market Update
August 7, 2018 (Investorideas.com Newswire) With oil nearing $70 per barrel, technical analyst Clive Maund looks at what may come next.

Oil & Gas Firm Increases Stake in Orogrande Basin Project
August 6, 2018 (Investorideas.com Newswire) A ROTH Capital Partners report detailed the transaction.

Oil & Gas MLP 'Represents a Solid Opportunity for Investors'
August 6, 2018 (Investorideas.com Newswire) A Raymond James report shared the highlight of the "strong" quarter for this entity.

Oil & Gas Stock 'in Position to Start a Major Bull Market Advance'
August 6, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund discusses why he believes the stock of a small oil and gas company actively exploring in West Texas is at a "near perfect entry point."

Subscribe to Oil and Gas News RSS

Submit Articles   Search More Articles

Oil and Gas News from Globe Newswire

Denbury Closes $450 Million Offering Of New 7½% Senior Secured Second Lien Notes Due 2024

PLANO, Texas, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced the closing of its previously announced private offering (the “Offering”) of $450 million aggregate principal amount of 7½% Senior Secured Second Lien Notes due 2024 (the “New Second Lien Notes”).  The Company used the net proceeds from the Offering to repay all of its outstanding borrowings under its bank credit facility and to pay fees and expenses of the Offering, with the remaining proceeds to be used for general corporate purposes.

The New Second Lien Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any state or other securities laws, and the New Second Lien Notes were issued pursuant to an exemption therefrom, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. Person, absent registration or an applicable exemption from registration requirements.

This press release contains forward-looking statements that involve risks and uncertainties that are based on assumptions that management believes are reasonable based on currently available information.

Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions.  The Company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to CO2 enhanced oil recovery operations.

CONTACT: DENBURY CONTACTS:
Mark C. Allen, Executive Vice President and Chief Financial Officer, 972.673.2000
John Mayer, Director of Investor Relations, 972.673.2383

Baytex and Raging River Receive Shareholder and Court Approval for Strategic Combination

CALGARY, Alberta, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) and Raging River Exploration Inc. (“Raging River”)(TSX: RRX) are pleased to announce that shareholders of Raging River (“Raging River Shareholders”) and Baytex (“Baytex Shareholders”) have today approved their previously announced strategic combination (the “Transaction”). The Transaction will see the combined company emerge as a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets across North America.

The Transaction was structured as a plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta) and as such also required the approval of the Alberta Court of Queen's Bench, which was also received today. The Arrangement provides that, among other things, each Raging River Shareholder will receive, directly or indirectly, 1.36 common shares of Baytex for each common share of Raging River.

The Transaction is expected to close on August 22, 2018.

Raging River Meeting

At a special meeting held on August 21, 2018, Raging River Shareholders approved the Arrangement.

ResolutionOutcome of VotePercentage of Votes ForPercentage of Votes Against
Plan of ArrangementPassed96.18%3.82%

Baytex Meeting

At a special meeting held on August 21, 2018, Baytex Shareholders approved the issuance of the Baytex shares to be issued to Raging River Shareholders pursuant to the Arrangement.

ResolutionOutcome of VotePercentage of Votes ForPercentage of Votes Against
Share IssuancePassed88.11%11.89%

Advisory Regarding Forward-Looking Statements

In the interest of providing the shareholders of Baytex and Raging River and potential investors with information regarding Baytex, Raging River and the combined company resulting from the Transaction, including management's assessment of future plans and operations, certain statements in this press release are "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). In some cases, forward-looking statements can be identified by terminology such as "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "intend", "may", "objective", "ongoing", "outlook", "potential", "project", "plan", "should", "target", "would", "will" or similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement.

Specifically, this press release contains forward-looking statements relating to but not limited to: our expectation that the combined organization will be well-capitalized, oil-weighted and have an attractive growth and free cash flow profile; and the timing and anticipated closing date for the Transaction; and certain other matters relating to the Transaction.

These forward-looking statements are based on certain key assumptions regarding, among other things: the time necessary to satisfy the remaining conditions to the closing of the Arrangement; the ability of the combined company to realize the anticipated benefits of the Transaction; petroleum and natural gas prices and differentials between light, medium and heavy oil prices; well production rates and reserve volumes; the ability to add production and reserves through exploration and development activities; capital expenditure levels; the ability to borrow under credit agreements; the receipt, in a timely manner, of regulatory and other required approvals for operating activities; the availability and cost of labour and other industry services; interest and foreign exchange rates; the continuance of existing and, in certain circumstances, proposed tax and royalty regimes; the ability to develop crude oil and natural gas properties in the manner currently contemplated; and current industry conditions, laws and regulations continuing in effect (or, where changes are proposed, such changes being adopted as anticipated). Readers are cautioned that such assumptions, although considered reasonable by Baytex and Raging River at the time of preparation, may prove to be incorrect.

Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Such factors include, but are not limited to: completion of the Transaction could be delayed if parties are unable to satisfy the remaining conditions to closing on the timeline planned; the Transaction will not be completed if all of remaining conditions to closing are not obtained or waived; the volatility of oil and natural gas prices and price differentials; the availability and cost of capital or borrowing; that credit facilities may not provide sufficient liquidity or may not be renewed; failure to comply with the covenants in debt agreements; risks associated with a third-party operating the combined company's Eagle Ford properties; availability and cost of gathering, processing and pipeline systems; public perception and its influence on the regulatory regime; changes in government regulations that affect the oil and gas industry; changes in environmental, health and safety regulations; restrictions or costs imposed by climate change initiatives; variations in interest rates and foreign exchange rates; risks associated with hedging activities; the cost of developing and operating assets; depletion of reserves; risks associated with the exploitation of properties and ability to acquire reserves; changes in income tax or other laws or government incentive programs; uncertainties associated with estimating oil and natural gas reserves; inability to fully insure against all risks; risks of counterparty default; risks associated with acquiring, developing and exploring for oil and natural gas and other aspects of operations; risks associated with large projects; risks related to thermal heavy oil projects; risks associated with use of information technology systems; risks associated with the ownership of Baytex, Raging River or the combined company securities, including changes in market-based factors; risks for United States and other non-resident shareholders, including the ability to enforce civil remedies, differing practices for reporting reserves and production, additional taxation applicable to non-residents and foreign exchange risk; and other factors, many of which are beyond control. These and additional risk factors are discussed in the the joint management information circular and proxy statement dated July 12, 2018 of Baytex and Raging River, Baytex's Annual Information Form, Annual Report on Form 40-F and Management's Discussion and Analysis for the year ended December 31, 2017, filed with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission and in Raging River's Annual Information Form for the year ended December 31, 2017, filed with Canadian securities regulatory authorities and in Baytex's and Raging River's other public filings.

The above summary of assumptions and risks related to forward-looking statements has been provided in order to provide shareholders and potential investors with a more complete perspective on the combined company's current and future operations and such information may not be appropriate for other purposes.

There is no representation by Baytex or Raging River that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements and neither Baytex nor Raging River undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

Baytex Energy Corp.

Baytex is an oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Approximately 80% of Baytex’s production is weighted toward crude oil and natural gas liquids. Baytex’s common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

For further information about Baytex, please visit the company website at www.baytexenergy.com or contact:

Brian Ector, Senior Vice President, Capital Markets and Public Affairs

Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com

Raging River Exploration Inc.

Raging River is a crude oil and natural gas exploration, development and production company based in Calgary, Alberta, Canada. The Company’s operations are in the Viking light oil resource play in western Canada in addition to the recently added East Duvernay Shale oil play. Raging River’s common shares trade on the Toronto Stock Exchange under the symbol RRX.

For further information about Raging River, please visit the company website at www.rrexploration.com or contact:

Mr. Neil Roszell, P. Eng.  
CEO and Executive Chairman  
Tel: (403) 767-1250  
 Mr. Bruce Beynon, P. Geol  
President  
Tel: (403) 767-1251
 


Penn Virginia to Participate in Upcoming Conferences

HOUSTON, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced it will participate in the following upcoming conferences.

Barclays CEO Energy-Power Conference to be held in New York on September 4-6, 2018 at the Sheraton New York Times Square Hotel. Penn Virginia’s presentation will begin at 9:45 a.m. ET on Thursday, September 6, 2018. The presentation will be available to the public via webcast. A link to the webcast and presentation will be available on the Company's website at www.pennvirginia.com.   

Johnson Rice & Company 2018 Energy Conference to be held in New Orleans, LA on September 24-26, 2018 at the Ritz-Carlton Hotel. Penn Virginia’s management will be available for one-on-one meetings with investors on September 26, 2018. A link to the presentation will be available on the Company's website at www.pennvirginia.com.   

About Penn Virginia Corporation

Penn Virginia Corporation is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, operating in the Eagle Ford shale in south Texas. For more information, please visit our website at www.pennvirginia.com

Contact:
Clay Jeansonne
Investor Relations
Ph: (713) 722-6540
E-Mail: invest@pennvirginia.com

Infrastructure and Energy Alternatives, Inc. to Participate In the Seaport Global Energy & Industrials Conference

INDIANAPOLIS, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading U.S. provider of infrastructure solutions for the renewable energy, traditional power and civil infrastructure industries, today announced that its management team will participate in the Seaport Global Energy & Industrials Conference on Tuesday, August 28, 2018 at the Sheraton Grand Hotel in Chicago, Illinois.

JP Roehm, Chief Executive Officer, and Andrew Layman, Chief Financial Officer, will be participating in one-on-one and small group meetings over the course of the event. The accompanying investor presentation will be posted to the Investor Relations section of the Company’s website at iea.net.

About IEA

Infrastructure and Energy Alternatives (IEA) is a leading provider of infrastructure solutions for the renewable energy, traditional power and civil infrastructure industries throughout the United States. Currently, IEA is primarily focused on the wind energy industry and is one of three Tier 1 providers in the space. IEA specializes in providing complete engineering, procurement and construction (‘‘EPC’’) services and has completed more than 200 wind and solar projects in 35 states. IEA offers design, site development, construction, installation and restoration of infrastructure services. As of June 30, 2018, IEA held an estimated 30% U.S. market share for wind energy projects. For more information, please visit the Company website at iea.net or follow IEA on Facebook, LinkedIn, Twitter and YouTube for the latest company news and events.

Contacts

Financial Profiles, Inc.
Kimberly Esterkin, Senior Vice President
kesterkin@finprofiles.com; 310-622-8235

EnerVest Names Jud Walker President And Makes Additional Management Changes

HOUSTON, Aug. 21, 2018 (GLOBE NEWSWIRE) -- EnerVest today announced an update to its management team.  Effective immediately, Judson B. Walker is President of EnerVest, Ltd.   In this capacity he will be responsible for managing the direction of EnerVest alongside CEO John B. Walker. 

Prior to this appointment Jud was President and CEO of EnerVest Operating L.L.C (EVOC), where he was responsible for the company’s asset teams, HSE, drilling and completions and geoscience technologies.  He also has served as EVOC Executive Vice President and Chief Operating Officer, leader of the company’s Permian Basin asset team and was head of New Ventures.  Prior to joining EnerVest he worked as a geologist for Chesapeake Energy.

Alex Zazzi replaces Jud Walker as President and CEO of EVOC, and Jim McKinney replaces Zazzi as Executive Vice President and COO of EVOC.  Prior to these promotions they were EVP and COO, and SVP and GM of EVOC, respectively.

“I look forward to working with this new generation of leaders,” said John B. Walker.  “They have a strong mix of technical and financial knowledge and are innovative thinkers.  Our company is in very good hands well into the future.”

Zazzi has been with EVOC for 13 years in multiple positions of increasing responsibility. Prior to his role as EVP and COO of EVOC, he managed the company’s North Texas and Mid-Continent assets.  Zazzi has several years of experience with EVOC in drilling, completions, production and reservoir engineering in five basins across the US.  Zazzi began his career with Schlumberger, specializing in offshore completions. 

McKinney has been with EVOC for eight years, managing assets in the Appalachian Basin, including the Utica Shale in Ohio and the Nora Field in Virginia.  Prior to joining EVOC, Jim worked as Vice President and Regional Manager for Penn Virginia Corporation and in many roles for Royal Dutch Shell. He has extensive experience in operations, marketing, midstream and finance in various geographic areas including the Appalachia, Gulf Coast, Arkoma, Granite Wash, Bakken Shale and Permian basins.

EnerVest also announced the planned retirement of James M. Vanderhider, Executive Vice President and CFO, later this year. 

Vanderhider joined EnerVest in 1996 as its first CFO and was responsible for building a multi-investor private equity business.  Prior to joining EnerVest, he was Executive Vice President and Chief Financial Officer of Torch Energy and Senior Vice President and Chief Financial Officer of Nuevo Energy.  Earlier in his career Vanderhider was responsible for the corporate internal audit activities of The Coastal Corporation and was Chief Financial Officer of Walker Energy Partners.  He began his career with Touche Ross, predecessor to Deloitte, in the audit department focusing on the energy industry. 

“Jim and I have been friends and business partners for more than 30 years,” Walker said.  “He and I have helped build three companies together, and he has more than earned his retirement.”

Vanderhider will be replaced by Nicholas Bobrowski, currently Vice President and CFO of Harvest Oil & Gas Corporation.  Bobrowski previously served as Vice President and CFO of EV Energy Partners.  Prior to joining EV Energy Partners, he was a Vice President in the investment banking group with Citigroup Global Markets.  Bobrowski began his career in the United States Army, in which he rose to the rank of Captain, following his graduation from the United States Military Academy at West Point.

In addition, EnerVest announced the following promotions: 
Andy West, Sr. Vice President and General Counsel
Bryan K. Ginsburg, Senior Vice President of Oil & Gas Marketing
Phillip Berry, Vice President and Deputy General Counsel
Sean Cooper, Vice President IT Operations
Travis Hancock, Vice President Corporate Finance
Brian Hill, Vice President IT Business Solutions
Mike Kifer, Vice President Planning and Analysis
Kevin Miller, Vice President and GM, Appalachia South Division

Houston-based EnerVest, founded in 1992, acquires, develops and operates more than 33,000 oil and gas wells in 13 states on behalf of its institutional investors and other entities.  More information about the company is available at www.enervest.net.

Contact: Ron Whitmire 713-495-6525

Subscribe to Oil and Gas News


Oil and Gas Stocks Investor Resources

Oil and Gas Stocks Directory Preview

Large cap and junior small cap energy stocks on all exchanges including NYSE, NASDAQ, OTC, TSX, TSX Venture, ASX, AIM and global stock exchanges - over 700 stocks

3D Oil Limited ( ASX.TDO.AX ) formation was motivated by an initial focus on the Gippsland Basin which has been one of the most prolific oil and gas producing region in Australia. The Company's strategy is to target a combination of favourable technical and commercial considerations and exploit niche positions. 3D Oil currently has interests in exploration permits in the offshore Gippsland and Otway Basins of South East Australia.

49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.

88 Energy Limited ( LSE:88E.L ) (Formerly Tangiers Petroleum Ltd.) is an exploration company that has acquired ~100,000 acres, onshore Alaska, in a world class exploration asset targeting liquids rich conventional and unconventional plays.

Abraxas Petroleum Corporation ( NasdaqCM:AXAS ) is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and onshore Gulf Coast regions of the United States.

ACTIVENERGY INCOME TRUST UNITS ( TSX:AEU-UN.TO ) invests in a diversified portfolio of dividend paying energy companies operating in Canada and the U.S. To provide further diversification, the Fund also invests in oil and gas exploration and development companies as well as oil sands common stocks.

Adams Resources And Energy ( NYSE MKT:AE ) through its subsidiaries, is engaged in the business of marketing crude oil, tank truck transportation of liquid chemicals; and oil and gas exploration and production.

Adira Energy Ltd. ( TSX:ADL.V ) is an oil and gas company which is focused in the Eastern Mediterranean. The Company has one petroleum exploration licenses offshore Israel; the Yitzhak license, located 17 km offshore between Hadera and Netanya.

ADX Energy ( ASX:ADX.AX ) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates four oil and gas permits in North Africa and Europe. The company is headquartered in Perth, Western Australia with additional offices operating out of Baden (Austria), Tunis (Tunisia) and Bucharest (Romania).

Africa Oil Corp . ( TSX:AOI.TO ) is a Canadian oil and gas company with assets in Kenya and Ethiopia, and an equity interest in Africa Energy Corp.

Aker Solutions ( Oslo:AKSO.OL ) is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries.

See the full stock directory here

Oil and Gas Stock Indices

  • Amex Natural Gas Index (XNG)
  • CBOE Oil Index (OIX)
  • Claymore/SWM Canadian Energy Income Index ETF (AMEX:ENY)
  • The Philadelphia Oil Service Index (OSX)
  • Toronto Stock Exchange Oil and Gas Stocks - Toronto Stock Exchange is a leader in the oil & gas sector - more oil & gas companies are listed on Toronto. Stock Exchange and TSX Venture. more info: click here
  • S&P Sector Indices Brochure

Stock Quotes

Oil Prices