Drilling Activity ( We are a technically driven company focused on land interests with near term drilling exposure. of 21,295,076 barrel of oil equivalent 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. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play. Divide Stark. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. Access articles from across Canada with one account. Maintaining PetroShale's strong financial position and flexibility to take advantage of additional growth opportunities as they arise. Tel: 701-863-6622 2 Petroshale (US), Inc. v. Continental Resources, Inc. This story was provided by Market One Media Group for commercial purposes. Be sure to watch the corporate videos, available on the site, to learn more about the companies. Lucero Energy Corp. - Positioning For Long-Term Sustainability PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. ET on Thursday, April 28, 2022. Phone Number. 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. United States of America. 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. Fax: 701-258-1562, 600 17th St. Head Office Address. 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). McGregor, ND 58755 Suite 414 303 E. 17th Avenue, Suite 940 PETROSHALE (US) PRODUCTION LLC | North Dakota Company Directory PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Fax: 406-774-3117, County Rd. 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. Plaintiff: Petroshale (US), Inc. Williams PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Read more in our press release. The expanded PetroShale Board has a solid track record of building, financing and directing oil and gas companies and brings a wide range of experience, knowledge and innovation to the recapitalized entity. Bear Den - Petroshale Oil and Gas Asset (North Dakota, United States currently ranked #22 in the state of North Dakota based on a total production Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. The Company's two largest shareholders, FR XIII PetroShale Holdings L.P. and M Bruce Chernoff, have waived their respective rights to participate in each of the Non-Brokered Private Placement and the Brokered Private Placement in order to maintain their current pro-rata ownership positions and are not expected to acquire any Common Shares as part of the Company's Private Placements. 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. We are a pure-play North Dakota Bakken producer . For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. North Dakota (US) Branch Branch of PETROSHALE (US), INC. (Delaware (US)) Registered Address 303 E 17TH AVE STE 940 SARA WEBSTER DENVER, CO 80203-1262 United States Business Classification Text INTERESTS IN OIL & GAS WELLS & LEASES Agent Name NORTHWEST REGISTERED AGENT SERVICE, INC Agent Address 3003 32ND AVE S STE 240, FARGO, ND 58103-6118 Governor Doug Burgum, members of the 69th 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. DENVER , Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. Burke The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. CALGARY, AB - 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, PetroShale Inc. has reported an update on its growth strategy and operations. Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. 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 Killdeer, ND 58640 Williston Basin Oil And Gas Non Competitive Lease If you are a Home delivery print subscriber, unlimited online access is. Killdeer, ND 58640 Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Petroshale (Us) Inc. PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. Drilling wells, permits, operators and production information can give you an edge. Information on the lease was last updated on October 1, 2021. Our approach to doing business is centered around sustainability, the environment, and both accountability and commitment with all stakeholders. 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 . 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. 2023 Shale Experts, All rights reserved. 303 E 17th Ave Ste 940 Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). North Dakota; McKenzie County, ND; Oil & Gas Properties in McKenzie County, ND; Petroshale Us Oil & Gas Property; Map of Wells Full Screen Map 3-D Map . PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Burgum signs bill to reform state pension plan, protect taxpayers from Lucero Energy Corp. | LinkedIn 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. (2) Capital efficiency is a measure of forecast capital expenditures divided by forecast production additions. The acquisition is in line with PetroShales strategy of acquiring and developing lands in North Dakota Bakken region to benefit its shareholders through production and reserve growth. 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 (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. PetroShale Inc. Announces Appointment of New Management - EnergyNow In addition, all pages on Bizapedia will be Due to strong demand, PetroShale agreed to increase the size of the Brokered Private Placement from its initial target of $30 million. Petroshale (us) Inc. Contest trading begins at 9:30 a.m. Suite 324 "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. 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. In connection with the appointment of the New Management Team, PetroShale intends to complete (i) a non-brokered private placement of units of PetroShale (the "Units") with the New Management Team for gross proceeds of $9.5 million (the "Non-Brokered Private Placement"), and (ii) a brokered commercially reasonable efforts private placement of common shares of PetroShale ("Common Shares") for gross proceeds of up to $45.0 million (the "Brokered Private Placement"), and combined with the Non-Brokered Private Placement (the "Private Placements"), gross proceeds of up to $54.5 million will be raised. 2022-05-18 | Press Release | PETROSHALE INC. ANNOUNCES - stockhouse PetroShale plans to continue to grow organically and pursue further drilling on existing assets. Suite 600 BISMARCK, N.D. - Gov. 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. We are sorry, but your computer or network may be sending automated queries. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Subscribe now to receive immediate access to. /NOT FOR DISSEMINATION IN THE UNITED STATES. Petroshale Announces Shareholder Meeting Results Including Shareholder 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 If you have any questions don't hesitate to contact us. Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. 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Limited is acting as exclusive financial advisor to the New Management Team. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. 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. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Tel: 214-880-8400 Find production data for each well rolled up by owning operator. with up to 5 times the number of maximum matches per search vs. non-subscribers. 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 corporate office is located in 421-7th Ave SW, Calgary, Alberta, T2P 4K9, Canada and has 45 employees. Location The map below shows the exact location of the asset in the state of North Dakota in the United States. Business Address: The next issue of Financial Post Top Stories will soon be in your inbox. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Read more about cookies here. Denver, CO 80202 PetroShale - Crunchbase Company Profile & Funding The ranking is composed of 10 companies from each of five industry sectors, selected based on three equally weighted criteria. DENVER , We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Reporting Year From: 2020-01-01. 2023 DrillingEdge, Inc. All rights reserved. We apologize, but this video has failed to load. and 6,592 MCF of gas, This advertisement has not loaded yet, but your article continues below. North Dakota Oil & Gas Producers Petroshale (us) Inc. Petroshale (us) Inc. Create an account or sign in to continue with your reading experience. CO . BISMARCK, N.D. - Gov. 350 - 7th Ave SW, Suite 3900. We are a technically driven company focused on land interests with near term drilling exposure. Prior thereto, Mr. Tang was the Manager of Financial Reporting of Result Energy Inc. and TriStar Oil & Gas Ltd. Mr. Brown has significant geological oil and gas experience, particularly in the Williston Basin, and most recently was the VP Geosciences at TORC Oil & Gas Ltd. This entry point, combined with the New Management Team's experience in consolidating and integrating acquisitions, as well as exploiting and exploring for resource-in-place assets in the Williston Basin, will provide a platform for focused growth through strategic acquisitions and internally generated prospects. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. . Doug Burgum delivers his budget address before a joint session of the North Dakota Legislature in Bismarck, N.D., Dec. 5, 2018. More than 2,500 Subscribers rely on our data each day. Prior thereto, Ms. Lavergne specialized in various engineering roles at Legacy Oil + Gas Inc.,TriStar Oil & Gas Ltd., and Harvest Energy Trust. Prior thereto, Mr. Skehar was the President & Chief Operating Officer of Bonavista and its predecessor, Bonavista Energy Trust. 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. Petro-Hunt L.L.C. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. The map below shows the exact location of the asset in the state of North Dakota in the United States. 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. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. PetroShale's 2022 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development. 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. Corps of Engineers honors its Fargo, North Dakota, office with Civil Daily puzzles including the New York Times Crossword. . Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . New Town, ND 58763 are no permits filed with the state Unauthorized distribution, transmission or republication strictly prohibited. JOINT RELEASE: Burgum, Legislative Assembly celebrate signing of Fax: 303-295-10592, 12801 County Rd. CO . At no time has Petro-Hunt, L.L.C. 80203-1262 Petroshale (us) Inc. Activity Summary Powered by: MineralAnswers.com Petroshale (us) Inc. Production Chart 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. (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. Tel: 406-774-3017 Oil and Gas information that can give you a competitive edge in a very competitive landscape. #38033 - petroshale (us) inc., tahu 2mbh, se ne 29-152n-94w, mckenzie co. . PDF Extractive Sector Transparency Measures Act - Annual Report Website http://www.lucerocorp.com/ Industries Oil and Gas Company size 11-50 employees Headquarters Denver,. Midland, TX 79701, 400 E. Broadway Ave. 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). 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. ever been included, affiliated or connected in any way with or had any joint or common business enterprises or dealings of any kind with Petro-Hunt, Inc., a Kentucky corporation, its president J. The company id for this entity is 24694200. 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.
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