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Oil and Gas News

FirstEnergy Shares Get a Charge from FY20 Earnings and 2021 Outlook
February 19, 2021 (Investorideas.com Newswire) Shares of FirstEnergy Corp. traded 8.5% higher after the regional electric utility company reported financial results for Q4/20 and FY/20 and offered positive earnings guidance for FY/21.

Power blackout forces Texas to relook into equipment winterizing rules, says GlobalData
February 18, 2021 (Investorideas.com Newswire) Due to a rare deep freeze in the US state of Texas, the power demand has increased immensely. With the residents staying home amid the strong winter storm, the usage of heating appliances has amplified.

Top Five Oil Giants' Market Value Falls to $680 Billion, Lower than Tesla's $752 Billion
February 4, 2021 (Investorideas.com Newswire) There is a delicate blend of optimism and caution as oil supermajors sail into earnings season, following one of the worst years for the industry.

Watchdog Calls Praises President Biden for Pausing Oil & Gas Leasing on Federal Lands
WASHINGTON, D.C. - January 27, 2021 (Investorideas.com Newswire) After urging the incoming administration to halt oil and gas leasing during the transition, government watchdog Accountable.US is praising President Joe Biden for his action today to do exactly that - pause new oil and gas lease sales on federal lands.

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
January 22, 2021 (Investorideas.com Newswire) Shares of NGL Energy Partners LP traded higher after the firm made a series of announcements over the past three days regarding an update on financial operations

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
January 7, 2021 (Investorideas.com Newswire) The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Trump Sells Off Protected Arctic National Wildlife Refuge to Big Oil
HELENA, MT - January 6, 2021 (Investorideas.com Newswire) Today, Trump's Bureau of Land Management began auctioning off the Arctic National Wildlife Refuge (ANWR) leases to Big Oil.

US Oil and Gas Rigs in Operation Drop By 60% Amid Pandemic
January 4, 2021 (Investorideas.com Newswire) Data presented by Bankr indicates that the United States oil and gas rigs in operation have dropped by 59.49%.

Thanksgiving Week Gasoline Consumption in the United States Lowest Since 1997, Exclusive OPIS by IHS Markit Survey Finds
GAITHERSBURG, Md - December 7, 2020 (Investorideas.com Newswire) U.S. motorists stayed off the road during the Thanksgiving holiday in overwhelming numbers as the coronavirus surged across the country

The Death Of U.S. Shale Has Been Greatly Exaggerated
December 7, 2020 (Investorideas.com Newswire) The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Colorado, New Mexico, North Dakota, and Wyoming helped establish the nation as a top oil and gas producer.

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Oil and Gas News from Newsfile

Loon Energy Announces Options Grant
Calgary, Alberta--(Newsfile Corp. - February 26, 2021) - Loon Energy Corporation (NEX: LNE.H) ("Loon" or the "Company") announces that its board of directors has approved the issuance of 750,000 incentive stock options to certain directors and officers of the Company. The options are exercisable at $0.13 per share and expire February 26, 2024. About Loon EnergyLoon was incorporated under the Business Corporations Act (Alberta) in the fourth quarter of 2008 and carried on business as...

Wilton Resources Inc. Announces Grant of Stock Options
Calgary, Alberta--(Newsfile Corp. - February 26, 2021) -  Wilton Resources Inc. (TSXV: WIL) (the "Corporation"), announces that on February 26, 2021 the Board of Directors of the Corporation granted 1,176,399 stock options (the "Options") to purchase common shares of the Corporation ("Shares") to certain directors, officers and consultants of the Corporation (the "Option Holders"). The Options vest on the date of issuance and are exercisable for a period of five years from the date of...

Bengal Energy Announces Closing of Private Placement and Debt Settlement
Calgary, Alberta--(Newsfile Corp. - February 26, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement ("Private Placement") of common shares in the capital of the Company ("Common Shares") to Texada Capital Management Ltd. ("Texada"). Bengal is also pleased to announce the closing of the transactions contemplated by the debt settlement agreement (the "Debt Settlement") with its senior secured lender Westpac...

Early Warning News Release in Connection with the Share Ownership of Bengal Energy Ltd.
Calgary, Alberta--(Newsfile Corp. - February 26, 2021) - In accordance with the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), Texada Capital Management Ltd. ("Texada"), a company owned and controlled by Mr. Wheeler a director of Bengal Energy Ltd. (the "Corporation" or "Bengal") and his spouse (Texada and such individuals being, collectively, the "Insiders"), announces that Texada has acquired ownership and control of...

PetroTal Announces Grant of Performance Share Units
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - February 26, 2021) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) ("PetroTal" or the "Company") announces the annual grant of performance share units ("PSUs") to officers and employees of the Company. PetroTal granted an aggregate of 14,205,198 PSUs, of which 7,463,529 are to officers of the Company in accordance with the provisions of the Company's PSU plan. The PSUs to the officers will vest three years from the...

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