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Oil and Gas News

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
January 22, 2021 ( 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 ( 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 ( 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 ( 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 ( 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 ( 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.

New Battery Management Technology Holds Potential to Revolutionize the Industry
November 27, 2020 ( Newswire) EV Battery Technologies' battery management system offers a major advance in battery storage, and can even revitalize spent batteries.

Western Midstream Posts 99% YoY increase in Q3 Earnings, Announces $250 Million Buyback Program
November 11, 2020 ( Newswire) Shares of Western Midstream Partners traded 23% higher after the company reported Q3/20 financial results that included a nearly 100% growth in net income.

Determining the Next Big Move
November 2, 2020 ( Newswire) Crude oil started this week with a bearish price gap and a breakdown below the September and October lows.

Natural Gas Is on the Rise-And Huge Gains Could Be Lurking in This Dead Sector
October 29, 2020 ( Newswire) Independent financial analyst Matt Badiali explains why he expects natural gas to rebound and discusses six potential investments.

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Oil and Gas News from Newsfile

Advantagewon Oil Corp. Completes $750,000 Financing
Toronto, Ontario--(Newsfile Corp. - January 26, 2021) - Advantagewon Oil Corp. (CSE: AOC) (OTC Pink: ANTGF), (the "Corporation", "Advantagewon" or "AOC") is pleased to announce that it has closed its previously announced private placement financing of 14,285,714 units (the "Units") of the Corporation at a price of $0.0525 per Unit (the "Offering Price") for gross proceeds of $750,000 (the "Offering"). The Corporation intends to use the net proceeds of the Offering for working capital and...

Wilton Resources Inc. Announces Closing of Private Placement Financing
Calgary, Alberta--(Newsfile Corp. - January 26, 2021) - Wilton Resources Inc. (TSXV: WIL) (the "Corporation") is pleased to announce that it closed its previously announced non-brokered private placement of units in the capital of the Corporation ("Units") at a purchase price of $0.35 per Unit (the "Offering Price") for aggregate gross proceeds of $350,000 (the "Offering"). The principal use of the proceeds of the Offering will be for general corporate purposes and as a reserve to pursue the...

Cuda Oil and Gas Inc. Announces a Material Improvement to its Liquidity Position with the Successful Amendments to its Indebtedness and the Establishment of a New Senior Credit Facility
$48 million Existing Demand Facilities Amended and Maturity Dates Extended;$ 9 million New Demand Facility Established; $ 1.5 million Convertible Debentures Amended and Maturity Date Extended.Calgary, Alberta--(Newsfile Corp. - January 26, 2021) -  Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce a major restructuring of its indebtedness including the establishment of a new senior $ 9 million credit facility ("New Facility"). Proceeds will be used for the continued...

SusGlobal Signs Payoff Agreements for All Convertible Debt in Preparation for Growth and Acquisition Strategy in 2021
Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - SusGlobal Energy Corp. (OTCQB: SNRG) ("SusGlobal" or the "Company"), the developer of SusGro™, a revolutionary pathogen free organic liquid fertilizer, today announced it has signed payoff agreements for all its outstanding convertible notes totaling US$1.52 Million. Certain notes were paid from proceeds of a loan and a direct equity investment from Travellers International Inc., a company controlled by the Company's Executive Chairman, President and CEO."These convertible note...

Sahara Energy Ltd. Announces Proposed Change of Business
Calgary, Alberta--(Newsfile Corp. - January 25, 2021) - Sahara Energy Ltd. (TSXV: SAH) (the "Company") is pleased to announce that, effective January 24, 2021, it has entered into two Equity Investment Agreements (the "Investment Agreements") with affiliates of DMG Investments LLC (collectively, "DMG"), pursuant to which the Company has agreed to invest in two of DMG's real estate development projects in Amherst, New York and Albany, New York.Pursuant to the terms of the Investment Agreements,...

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