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Oil & Gas Exploration and Production

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Range Q1 earnings per share $0.69

Monday, 24 Apr 2017 05:00pm EDT

April 24 (Reuters) - Range Resources Corp ::Range announces first quarter 2017 financial results.Q1 gaap earnings per share $0.69.Q1 revenue $777 million.Range Resources Corp - qtrly production of 1.93 bcfe per day, an increase of 40 pct compared to prior-year quarter.Q1 earnings per share view $0.19, revenue view $565.4 million -- Thomson Reuters I/B/E/S.Range Resources Corp - non-gaap revenues for q1 2017 totaled $607 million, 71 pct increase compared to q1 2016.Range resources corp - qtrly adjusted earnings per share $0.25.Range Resources Corp - total unit costs continued to decline, with q1 2017 costs of $2.57 per mcfe, compared to $2.71 in previous year quarter.Range Resources Corp - production for q2 of 2017 is expected to be approximately 1.93 bcfe per day with 30 pct to 32 pct liquids.Range Resources Corp - range is on target with its $1.15 billion capital budget for 2017.Range resources corp - production growth for full year of 2017 is unchanged at 33 percent to 35 percent.Range Resources Corp - in order to streamline operations and reduce costs, southern marcellus division and northern marcellus division have been combined.Range Resources Corp - during quarter, $25 million was incurred on acreage purchases, $1.5 million on gas gathering systems and $8 million on exploration expense.Range Resources Corp - southern marcellus division and northern marcellus division will be referred to as appalachia division going forward.

Northern Blizzard Resources says annual, special meeting of shareholders of company will be rescheduled

Tuesday, 11 Apr 2017 07:00am EDT

Northern Blizzard Resources Inc : Announces that annual and special meeting of shareholders of company will be rescheduled . Northern Blizzard Resources-meeting rescheduled as co's shareholders NGP IX, R/C Canada agreed to sell to Waterous Energy Fund all co's shares held by them .Northern Blizzard Resources - NGP IX and R/C Canada currently collectively own approximately 67.1% of issued and outstanding common shares of company.

EnerJex Resources says board is pursuing possible strategic transactions involving opportunities both in and outside oil and gas industry

Friday, 7 Apr 2017 04:14pm EDT

EnerJex Resources Inc : EnerJex Resources Inc - Board is pursuing possible strategic transactions involving opportunities both in and outside oil and gas industry . EnerJex Resources Inc - In addition, company expects to continue to pursue other acquisition and business combination opportunities - SEC Filing . EnerJex - Recently was involved in discussions about possible acquisition by merger of privately held company that operates an agricultural drone business .EnerJex - Discussions about business combination with privately held agricultural drone enterprise been suspended, discussions may resume in future.

Raging River Exploration responds to market speculation

Thursday, 6 Apr 2017 09:00am EDT

Raging River Exploration Inc : Raging River Exploration Inc. responds to market speculation . Raging River Exploration Inc- will continue to engage financial advisors to assist in execution of its long term business plan .Raging River Exploration-GMP Securities l.p. had been engaged as financial advisor as part of process undertaken by board to explore ways to further business plan.

IGas buys back bonds worth $49.2 mln

Friday, 31 Mar 2017 08:25am EDT

IGas Energy Plc : Result of voluntary cash offer to secured bondholders . Deadline for making offers under voluntary cash offer expired at 13:00 hours CET on March 31 2017. . Aggregate face value of secured bonds offered in voluntary cash offer was $71.4 million (after adjustment for mandatory pro rata equity exchange) . Company has conditionally accepted offers to buy-back secured bonds with an aggregate face value of $49.2 million. . Settlement of voluntary cash offer is conditional upon completion of restructuring and occurrence of admission on or before April 28 2017 .Settlement is expected to occur on April 7 2017, at which time payment in cash will be made to those bondholders whose offers have been accepted.

Cooper Energy commences with fully underwritten equity raising

Tuesday, 28 Mar 2017 06:39pm EDT

Cooper Energy Ltd : Commenced with a fully underwritten equity raising of approximately $151 million . APA group is expected to acquire and undertake all capital expenditure associated with Orbost Gas Plant . Sole gas project has been approved as ready to proceed by company's board of directors . Will solely undertake upstream development, which has an expected capital cost of $355 million .First full year of operation from Sole gas project is expected to lift Cooper Energy's annual production to more than 6 million boe.

Pengrowth agrees to sell north central Alberta properties for $180 mln

Monday, 20 Mar 2017 08:10am EDT

Pengrowth Energy Corp : Pengrowth reaches agreement to sell north central Alberta properties for $180 million . Pengrowth Energy -divested assets generated average daily production of approximately 4,920 barrels of oil equivalent per day during q4 of 2016 . Pengrowth Energy - expects to use a portion of sale proceeds to pre-pay remaining outstanding us $100 million of 6.35 pct senior term notes . Pengrowth Energy Corp - sees revised 2017 production to be between 47,000 and 49,000 boe per day . Pengrowth Energy Corp - full year 2017 average production guidance is expected to be impacted by approximately 3,100 boe per day due to deal . Pengrowth Energy Corp sees 2017 total capital expenditures $125 million .Pengrowth Energy Corp - sees fy 2017 funds flow from operations $170 million.

Philodrill corp says it received summons from the National Labor Relation Commission

Monday, 6 Mar 2017 02:10am EST

Philodrill Corp - : Received "summons" from the National Labor Relation Commission . Summons relative to Navarro's claim for special retirement benefit, profit share, litigation expenses, plus moral and exemplary damages . Company believes these claims are without basis, . Francisco A. Navarro is claiming special retirement benefit of 19.9 million pesos, profit share of 1.4 million pesos , litigation expenses of at least 2.1mln pesos . Navarro claiming moral and exemplary damages amounting to 20 million pesos ."Cannot speculate on adverse effects of proceedings on reputation of co, but will not affect business operations of philodrill".

Sterling Resources announces agreement to sell UK operating subsidiary to Oranje-Nassau ENERGIE B.V.

Friday, 3 Mar 2017 01:29pm EST

Sterling Resources Ltd : Sterling resources ltd. Announces agreement to sell UK operating subsidiary to Oranje-Nassau Energie B.V. . Company anticipates net proceeds from sale of sruk of approximately US$113 million . Deal for US$163 million .Sterling resources says pursuant to share purchase agreement, a termination fee of $5 million will be payable by sruk holdings in certain circumstances.

Southwestern Energy pivots to value-adding growth

Thursday, 23 Feb 2017 04:30pm EST

Southwestern Energy Co : Southwestern Energy pivots to value-adding growth and announces guidance for 2017 . Says total capital investment program in 2017 is planned to be approximately $1.175 to $1.275 billion . Co says southwestern is targeting total net gas and liquids production of 890 to 910 bcfe in 2017 . Assuming capital budget based on current strip pricing in both 2017 and 2018, sees delivering double-digit production growth in 2018 . Sees 2017 diluted earnings per common share $0.35 - $0.45 . Sees 2017 net cash flow $1,075 million - $1,125 million . Says during 2017, company plans to invest $1.1 billion to $1.2 billion in its E&P business .Had about 272 BCF of its 2018 forecasted gas production protected at an average swap or purchased put strike price of $2.97 per MCF.

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