80203-1262. Our new management team has a strong track record of disciplined operating and consolidating success in the Williston Basin. Operator Summary Operator Name: Petroshale (Us) Inc. Production Dates on File: September 2016 to February 2023 2 Counties With Production 44 Currently Producing Wells 91 Total Wells 197.8 k Barrels of Oil Produced in Feb 2023 455.8 k MCF of Gas Produced in Feb 2023 Map of Wells Associated with Petroshale (Us) Inc. PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. The company has an estimated daily production 2 The reserve information for PetroShale in the foregoing table is derived from the independent engineering report effective December 31, 2020 prepared by Netherland Sewell & Associates evaluating the oil, NGL and natural gas reserves attributable to all of the Company's properties. 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. If you are a Home delivery print subscriber, unlimited online access is. This story was provided by a client for commercial purposes. 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 Inc. has reported an update on its growth strategy and operations. 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. 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. PetroShale also announced an oversubscribed $54.5 million equity financing designed to recapitalize the company, their 2022 capital budget and production guidance, along with a proposed name change to Lucero Energy Corp. To learn more about PetroShale Inc.s unique investment proposition, visit their website here. Mailing Address: If you have any questions don't hesitate to contact us. Petroshale (US), Inc. v. Continental Resources, Inc. Killdeer, ND 58640 Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. PETROSHALE INC : Shareholders Board Members Managers and Company Tel: 303-382-1914 Oil and Gas information that can give you a competitive edge in a very competitive landscape. An emerging pure-play growth company in North Dakota We encountered an issue signing you up. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Please notify DrillingEdge immediately if any inaccuracies are discovered. Petro-Hunt has active operation in Louisiana and Texas, Petro-Hunt has active operations in 4 counties in West Texas, Operates 775 wells in the Williston Basin, Non-Operated Working Interest partner in 8,200 wells, Non-Operated Working Interest partner in 1,400 wells, Operates 105 wells in West Texas in the Delaware Basin. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. /NOT FOR DISSEMINATION IN THE UNITED STATES. In addition to the New Management Team, one new independent director, Dale O. Shwed has been appointed to the board of directors of PetroShale (the "PetroShale Board"), which continues to include M. Bruce Chernoff, David Rain, Gary Reaves, Jacob Roorda and Brett Herman. Dallas, TX 75201 Burke PETROSHALE INC. ANNOUNCES FIRST QUARTER 2022 FINANCIAL - Newswire Completion of the Private Placements, is subject to certain conditions, including the approval of the TSXV, and is expected to occur on or about February 2, 2022 assuming all conditions have been met by such day. PetroShale : PSH 2021 Annual Information Form | MarketScreener Research Data Analyst - Remote, North Dakota, United States The New Management Team has a strong track record of disciplined operating and consolidating success in the Williston Basin, where PetroShale's existing asset base is located (within the prolific North Dakota Bakken). North Dakota owned by Petroshale Inc USand Oasis Petro North America LLC. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p olicies of the TSX Venture Exchange) accepts responsibility for the adequacy or . is comprised solely of the family-owned entities headquartered in Dallas, Texas, as described herein, including Petro-Hunt, L.L.C. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. New Town, ND 58763 and 6,592 MCF of gas, 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. Killdeer, ND 58640 ET on Thursday, March 3, 2022 and ends at 4 p.m. Petroshale corporate office is located in 421-7th Ave SW, Calgary, Alberta, T2P 4K9, Canada and has 45 employees. Clerk's office added description of Attachment A. 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. Wells Associated With Petroshale (Us) Inc. Other North Dakota Operators List Alphabetically. 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. Information on the lease was last updated on October 1, 2021. DENVER , Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development drilling inventory; Maximizing free cash flow through an efficient capital program focused on high graded development drilling opportunities; Moderating the Company's production decline profile; Directing the pace of the capital program to maintain spending flexibility throughout the year; and. With a new management team on board and a strong vision in place, PetroShale Inc. (TSXV:PSH) has been recognized as one of this years TSX Venture 50 winners. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. We are a pure-play North Dakota Bakken producer . Head Office Address. Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. United States of America. This page was last edited on 7 October 2021, at 20:58. https://www.gem.wiki/w/index.php?title=Bear_Den_-_Petroshale_Oil_and_Gas_Asset_(North_Dakota,_United_States)&oldid=269511, Oil and gas extraction in the United States, Creative Commons Attribution-NonCommercial-ShareAlike. are no permits filed with the state 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 Announces Strategic Asset Acquisition in North Dakota PDF North Dakota Industrial Commission Date: December 8, 2020 Daily Report PetroShale Inc. announces appointment of new management team, board Before making any large decision, please consult the governing oil and gas agency to verify any findings from DrillingEdge. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on any financial outlook or FOFI. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Oil & Gas Property in McKenzie County, ND, Our Valuation Estimates for Petroshale Us, * Assessment based on future expected revenue ** Based on a 36 month multiple of average monthly estimated revenue. coming served to you completely ad free and you will be granted access to view every profile in its entirety, even Tel: 701-863-6622 if we've collected "Sales Lead Information" for a given company, it will be displayed on the * Earnings dates may be subject to change. Tel: 214-880-8400 Business Address: that Petroshale (us) Inc. can drill in the future. 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 . 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, we, us, our or the Corporation means PetroShale Inc. and where the context requires, means us and all our controlled entities on a consolidated basis, and where the context requires, also means our predecessor issuers, Mondak Petroleum Inc., Algonquin Oil & Gas Limited and their . (jb) of 6,592 BBLs oil Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. CO . Fax: 303-295-10592, 12801 County Rd. 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 Burgum signs bill to reform state pension plan, protect taxpayers from Tel: 701-863-6500 More particularly, this press release contains forward-looking statements concerning: the number, the price and the type of securities to be issued by PetroShale pursuant to the Private Placements; the aggregate proceeds from the proposed Private Placements and the anticipated use of proceeds therefrom; PetroShale's estimates of year end net debt, including following the Private Placements; estimated cash flow from PetroShale's assets; the new and existing directors of the PetroShale Board and members of the New Management Team following completion of the Private Placements; PetroShale's future production estimates; the manner in which the 2022 capital budget will be spent, including the types of capital expenditures; the ability of incoming New Management Team to repeat its financial and operational success through on completion of the Private Placements; the business plan of PetroShale following the completion of the Private Placements; the expectations relating to business advantages and opportunities in the oil and gas industry given current market conditions; expectations as to the corporate decline rate and capital efficiency; the expectation that the name of the Company will be changed following completion of the Private Placements. [1] 80203-1262, Petroshale (us) Inc. BISMARCK, N.D. - Gov. Doug Burgum, members of the 68 th Legislative Assembly and State Tax Commissioner Brian Kroshus today celebrated the signing of a major tax relief package that will provide a combined $515 million in savings for payers of state individual income tax and local property tax over the next two years.. Burgum signed House Bill 1158 with Rep. Craig Headland, the bill's . Lists Featuring This Company Canada Energy Companies The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Henry Hill's water solutions are designed with you in mind. 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. Doug Burgum delivers his budget address before a joint session of the North Dakota Legislature in Bismarck, N.D., Dec. 5, 2018. 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. 303 E 17th Ave Ste 940 Copyright 2023 Lucero Energy Corp. All rights reserved. 1801 BROADWAY STE 920 DENVER, CO 80202-3805 Mailing Address. In 2003, Baytex was reorganized into Baytex Energy Corp. and Crew Energy Inc. Mr. Shwed served on the Board of Directors of TORC Oil & Gas Ltd. from 2012 to 2021, and is currently on the Board of Directors of Inplay Oil Corp. PetroShale's 2022 capital budget is specifically focused on: PetroShale's capital program in 2022 is focused on light oil development projects, with the majority of the capital directed to drilling, completions and tie-ins (greater than 85%) with the remainder allocated to operational and facility optimization to maximize production efficiency. PetroShale acquire assets in North Dakota Bakken - Energy Dais Petroshale Inc. - Shale Experts PetroShale disclaims any intention or obligation to update or revise any FOFI statements, whether as a result of new information, future events or otherwise, except as required by law. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. PetroShale has built a sustainable growth platform of light oil focused assets. BISMARCK, N.D. - Gov. 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. FILE - North Dakota Gov. At no time has Petro-Hunt, L.L.C. The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . 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 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 . 2023 DrillingEdge, Inc. All rights reserved. Previously, Mr. Manchester was the Vice President, Operations of Vero Energy Inc., and prior thereto, the Production & Engineering Manager of True Energy Inc. Mr. Shwed is currently the President and Chief Executive Officer of Crew Energy Inc. Mr. Shwed graduated from the University of Alberta with a Bachelor of Science degree in Geology in 1980, and has held positions of increasing responsibility with various exploration and production companies before founding Baytex Energy Ltd. ("Baytex") in 1993. The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. Unauthorized distribution, transmission or republication strictly prohibited. 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 . 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? Suite 600 Dallas, TX 75201 Tel: 214-880-8400 Fax: 214-880-7101 Regional Offices Corpus Christi, Texas 710 Buffalo St. Suite 301 Corpus Christi, TX 78401 Tel: 361-887-2111 Fax: 361-887-1804 Midland 508 W Wall St Suite 720 Midland, TX 79701 Bismarck, North Dakota Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These include, but are not limited to, risks associated with the oil and gas industry in general (including but not limited to operational risks in development, exploration and production); delays or changes in plans with respect to exploration or development projects; receiving all necessary approvals for the Private Placements (including that of the TSXV) and the name change and any conditions to such approvals; capital expenditures, acquisitions or other corporate transactions; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Copyright 2023 CNW Group Ltd. All Rights Reserved. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha We are sorry, but your computer or network may be sending automated queries. The information contained in this press release does not purport to be all inclusive or to contain all information that prospective investors may require. solutions, Additional services customized for your needs. PetroShale plans to continue to grow organically and pursue further drilling on existing assets. 2023 Shale Experts, All rights reserved. production from North Dakota has increased from 137,644boepd in . DENVER , (2) Capital efficiency is a measure of forecast capital expenditures divided by forecast production additions. Daily puzzles including the New York Times Crossword. A Cisioncompany. Hunt Perkins or their representatives, employees, partners, affiliates, associates, parents, subsidiaries or stockholders. PetroShale's production averaged 10,681 boepd in the first quarter, a 6% increase from 10,108 boepd during the same period in 2021 and a reduction of 2% from fourth quarter 2021 production of 10,906 boepd, reflecting the Company's efforts to stabilize the overall corporate decline rate. PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. In addition, the use of any of the words "guidance", "initial, "scheduled", "can", "will", "prior to", "estimate", "anticipate", "believe", "should", "forecast", "future", "continue", "may", "expect", and similar expressions are intended to identify forward-looking statements. Suite 600 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. Register now for Canadas Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register. Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. 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. Reporting Entity Name Currency of the Report Reporting Entity ESTMA McGregor, ND 58755 Shale Experts is a Members ONLY resource. Lambert, MT 59243 North Dakota limits bathroom use for transgender people Williston Basin Oil And Gas Non Competitive Lease Read more in our press release. h & p 515 petro-hunt dakota, llc hot rod 149-102-27c-26-3h nw sw 27 149n 102w mckenzie 39294 3305309936 12/02/2022 303 E. 17th Avenue, Suite 940 Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Denver, CO 80202 Ambrose, ND 58833 Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. 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 . PETROSHALE (US) PRODUCTION LLC | North Dakota Company Directory Mr. Manchester has significant oil and gas engineering and operations experience, particularly in the Williston Basin, and most recently was the VP Operations of TORC Oil & Gas Ltd. Join MineralAnswers.com for Production Access, Liberty Resources Management Company, LLC. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. JOINT RELEASE: Burgum, Legislative Assembly celebrate signing of . North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . 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 . Tel: 406-774-3017 The Contest winner will be announced on May 13, 2022. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. 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. To protect our site, we cannot process your request right now. PETROSHALE (US) INC. in Fargo, ND | Company Info & Reviews It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Petroshale (Us) Inc. Doug Burgum today signed House Bill 1540, which provides nearly $66 million to support child care services and help address a major barrier to workforce participation as North Dakota continues to face a severe workforce shortage. Stark. Subscribe now to receive immediate access to. CALGARY, AB, May 24, 2022 /CNW/ - Lucero Energy Corp. (" Lucero " or the " Company ") (formerly PetroShale Inc.) (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce that it has completed the. Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. the state. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. Drilling wells, permits, operators and production information can give you an edge. 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. The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. with up to 5 times the number of maximum matches per search vs. non-subscribers. 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. Henry Hill Oil Services - Supporting the oil well infrastructure across Plaintiff: Petroshale (US), Inc. 197.8 k Barrels of Oil Produced in Feb 2023. ET on Thursday, April 28, 2022. 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's strategic objectives associated with the 2022 capital budget are consistent with the New Management Team's long term objectives of delivering disciplined per share growth in combination with maintaining financial flexibility. In addition, Prior thereto, Ms. Lavergne specialized in various engineering roles at Legacy Oil + Gas Inc.,TriStar Oil & Gas Ltd., and Harvest Energy Trust. Suite 301 365 Bloor Street East, Toronto, Ontario, M4W 3L4. More than 2,500 Subscribers rely on our data each day. 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 . 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. This advertisement has not loaded yet, but your article continues below. from 55 actively producing wells in 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. New Town, ND 58763 Petroshale (US), Inc. v. Continental Resources, Inc. (1:17-cv-00217), North Dakota District Court, Filed: 10/11/2017 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets. Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County.

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