Access articles from across Canada with one account. Office Locations Corporate Headquarters Petro-Hunt, L.L.C. Before making any large decision, please consult the governing oil and gas agency to verify any findings from DrillingEdge. Suite 720 Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . 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 Petroshale (US), Inc. v. Continental Resources, Inc. Tel: 701-982-3351, 390 119th Ave. SW Please notify DrillingEdge immediately if any inaccuracies are discovered. PetroShale believes that "net debt" is a useful measure to assist investors in understanding liquidity at a specific point in time and is calculated as an estimate by PetroShale of PetroShale's total current assets less total current liabilities (excluding financial derivative liability), less senior credit facility. 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. The next issue of Financial Post Top Stories will soon be in your inbox. coming with up to 5 times the number of maximum matches per search vs. non-subscribers. company profile page along with the rest of the general data. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. 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. Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. DrillingEdge obtains all relevant oil and gas data from respective state and local government regulating agencies in accordance with the Freedom of Information Act. In addition, 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. North Dakota (US) Branch Branch of PETROSHALE (US) PRODUCTION LLC (Delaware (US)) . 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. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? 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. PetroShale acquire assets in North Dakota Bakken - Energy Dais Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. We encountered an issue signing you up. Unauthorized distribution, transmission or republication strictly prohibited. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. To the extent any guidance or forward looking statements herein constitute a financial outlook or future oriented financial information ("FOFI"), including PetroShale's potential cash flow in 2022 and net debt at the end of 2022, they are made as of the date hereof and included herein to provide prospective investors with an understanding the plans and assumptions for budgeting purposes and prospective investors are cautioned that the information may not be appropriate for other purposes. Location The map below shows the exact location of the asset in the state of North Dakota in the United States. 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. Salary/Position Classification $55,000 Annual, Exempt 40 hours per week 100% Remote Work Availability:Yes Hybrid Work Availability:Yes Purpose of Position The Research Data Analyst is primarily responsible for producing regular reports for internal and external constituents, fulfilling ad hoc data requests, and making regularly requested data available to end users on demand through . Suite 600 CO . PETROSHALE INC : Shareholders Board Members Managers and Company BISMARCK, N.D. - Gov. We hope you enjoyed your trial to the website. ET on Thursday, April 28, 2022. Continued aggressive acquisition strategy in North Dakota, closing three separate transactions. from 55 actively producing wells in We apologize, but this video has failed to load. Stay in touch with our Daily Email Newsletter. PETROSHALE ANNOUNCES OFFICER APPOINTMENT - Newswire 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. To: 2020-12-31. the state. Lambert, MT 59243 Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. PetroShale Inc. is pleased to announce that it has finalized an agreement to acquire an 18.75% Working Interest in a proposed drilling unit in McKenzie County, North Dakota, for a total purchase . north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . Petroshale (US), Inc. v. Continental Resources, Inc. - PacerMonitor We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. An emerging pure-play growth company in North Dakota 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. 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. * Earnings dates may be subject to change. There The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Killdeer, ND 58640 Petroshale Profile and History. Killdeer, ND 58640 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). 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. PetroShale Announces Property Acquisition, Executive Management and Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. Tel: 701-863-6622 PETROSHALE (US) INC. in Fargo, ND | Company Info & Reviews Pursuant to the Non-Brokered Private Placement, the New Management Team, together with additional subscribers identified by the New Management Team, will subscribe for 23,750,000 Units at a price of $0.40 per Unit for total proceeds of $9.5 million. PetroShale plans to continue to grow organically and pursue further drilling on existing assets. Tel: 303-382-1914 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Dunn Petroshale Completes Name Change to Lucero Energy Corp. and Announces While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. ET on Thursday, March 3, 2022 and ends at 4 p.m. Tel: 701-675-2467 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. United States of America. PETROSHALE US H1: PETROSHALE (US) INC. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. Burgum signs bill to reform state pension plan, protect taxpayers from North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . Oil and Gas information that can give you a competitive edge in a very competitive landscape. production from North Dakota has increased from 137,644boepd in . Information on the lease was last updated on October 1, 2021. 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"). that Petroshale (us) Inc. can drill in the future. 2022-05-18 | Press Release | PETROSHALE INC. ANNOUNCES - stockhouse Corpus Christi, TX 78401 Shale Experts offers the most COMPLETE coverage of the . We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Petro Hunt | Contact Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . 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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. Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value. PetroShale's lower-risk North Dakota assets are characterized by compelling rates of return driven by robust operating netbacks, strong initial production rates and high estimated ultimate recoveries. Your entire office will be able to use your search subscription. Fax: 701-863-6620, 813 123rd Ave. SW We are a technically driven company focused on land interests with near term drilling exposure. FILE - North Dakota Gov. 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 . Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. /NOT FOR DISSEMINATION IN THE UNITED STATES. Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. At current commodity prices, the recapitalized entity is expected to generate greater than $130 million of cash flow in 2022, and combined with the Private Placement proceeds, net debt is expected to be less than $82 million (or 0.6 times net debt/cash flow) at the end of 2022. These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. (1) All reserves information in this press release are gross reserves. 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. 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. Denver, CO 80203 USA, 1800 350 7th Avenue SW Petroshale Inc. - Shale Experts 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. New Town, ND 58763 Please try again. 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. PetroShale - Crunchbase Company Profile & Funding PetroShale : PSH 2021 Annual Information Form | MarketScreener The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. 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. 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. The last action for this lease occurred on November 17, 2021. 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. currently ranked #22 in the state of North Dakota based on a total production If you don't see it, please check your junk folder. 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. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. 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. 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). When typing in this field, a list of search results will appear and be automatically updated as you type. Click here to Upgrade And Get Immediate Access. PETROSHALE (US) PRODUCTION LLC was registered on 07/19/2013 as a foreign limited liability company type with the address 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . 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. Our approach to doing business is centered around sustainability, the environment, and both accountability and commitment with all stakeholders. PDF North Dakota Industrial Commission Date: December 8, 2020 Daily Report PetroShale is pleased to announce the Company's Board of Directors has approved a 2022 capital budget of US$45 million (CDN$57 million), subject to completing the Private Placements. 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. Lucero is committed to upholding the highest standard of corporate responsibility. Petroshale Us in McKenzie County, ND | Oil & Gas Production and Well (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. PDF North Dakota Industrial Commission Permits Approved: Location Outside Pronghorn/Sanish and Lodgepole. For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. is comprised solely of the family-owned entities headquartered in Dallas, Texas, as described herein, including Petro-Hunt, L.L.C. Tel: 361-887-2111 of 21,295,076 barrel of oil equivalent PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. Billings 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. BISMARCK, N.D. - Gov. 99/month for 3 months SUBSCRIBE NOW Show Search. [1] 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. 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. Cass County has two winners because they had identical scores during their evaluations, according to the office of North Dakota K-12 Superintendent. PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. Prior thereto, Mr. Skehar was the President & Chief Operating Officer of Bonavista and its predecessor, Bonavista Energy Trust. McGregor, ND 58755 Calgary ND T2P 3N9. Petro-Hunt L.L.C. Unlimited online access to articles from across Canada with one account. PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Lucero Energy Corp. - Positioning For Long-Term Sustainability 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 petroshale inc petroshale inc petroshale shale inc petroshale us inc petroshale ( us) inc Petroshale Global Presence Search All Employees Petroshale CEO Brett Herman Director, President & Chief Executive Officer Phone Email See Profile Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. Be sure to watch the corporate videos, available on the site, to learn more about the companies. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, 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 . We are a pure-play North Dakota Bakken producer . 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). Research Data Analyst - Remote, North Dakota, United States The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. CO . Simple, actionable information at your fingertips. 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. PetroShale Announces Strategic Asset Acquisition in North Dakota Aggregated production of all wells and leases associated with this property, Oil & Gas Properties in McKenzie County, ND, Burlington Resources Oil & Gas Company LP. Read more about cookies here. 80203-1262, Petroshale (us) Inc. 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. PetroShale's actual results, performance or achievement following the completion of the Private Placements could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits PetroShale will derive therefrom. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. 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 . Williston Basin Oil And Gas Non Competitive Lease The Contest winner will be announced on May 13, 2022. Subscribe now to read the latest news in your city and across Canada. 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. At no time has Petro-Hunt, L.L.C. if the company chooses to hide the private information on their profile from the general public. PETROSHALE INC. ANNOUNCES FIRST QUARTER 2022 FINANCIAL - Newswire Our new management team has a strong track record of disciplined operating and consolidating success in the Williston Basin.

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