Previously, Mr. Brown was the New Ventures Manager/Senior Geological Advisor of Apache Canada, and prior thereto, the Vice President, Exploration of Rock Energy. Petroshale Us in McKenzie County, ND | Oil & Gas Production and Well Please Upgrade it take less then a minute. Register now for Canadas Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register. 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. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play. Wells Associated With Petroshale (Us) Inc. Other North Dakota Operators List Alphabetically. 80203-1262. McGregor, ND 58755 PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Petroshale Profile and History. More than 2,500 Subscribers rely on our data each day. We apologize, but this video has failed to load. the state. Lucero Energy Corp. | LinkedIn that Petroshale (us) Inc. can drill in the future. 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. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. 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. 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. The information contained in this press release does not purport to be all inclusive or to contain all information that prospective investors may require. 2022 CAPITAL BUDGET AND PRODUCTION GUIDANCE. 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). 2022-05-18 | Press Release | PETROSHALE INC. ANNOUNCES - stockhouse 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Fax: 303-295-10592, 12801 County Rd. Copyright 2023 CNW Group Ltd. All Rights Reserved. Canadas Top Public Venture Capitalist 2022. 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). 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 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. 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. If you don't see it, please check your junk folder. Lucero (or PetroShale (US) Inc.) provides exposure to a focused land base within the core of the Bakken, which offers significant multi-zone oil development opportunities. 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. Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. #38033 - petroshale (us) inc., tahu 2mbh, se ne 29-152n-94w, mckenzie co. . The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . are no permits filed with the state 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. 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 . 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 . Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. Killdeer, ND 58640 PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. BISMARCK, N.D. - Gov. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. 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. Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. The stability of the high quality, lower decline, light oil assets in the Bakken resource play in North Dakota positions PetroShale to provide value creation through a disciplined long term focused growth strategy. ET on Thursday, April 28, 2022. with up to 5 times the number of maximum matches per search vs. non-subscribers. Contact Name: NORTHWEST REGISTERED AGENT Contact Phone: (303) 297-1407 Business Address: Petroshale (us) Inc. 303 E 17th Ave Ste 940 DENVER , CO . Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. These are the closest 20 properties to the Petroshale Us property. 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). Get email updates from your favourite authors. 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 . Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. We employ a proven and repeatable strategy to generate value and develop the play with a consistent approach throughout the cycle. Fax: 701-546-4646, Topics/Category*QuestionsCommentsRoyalty Owner QuestionsOther, McKenzie 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 There Mailing Address: Phone Number. Business Address: Lucero is a pure-play North Dakota Bakken / Three Forks producer focused on top-tier acreage quality, and targeting the acquisition, development and production of oil and natural gas assets. PDF Petroshale Inc. Announces 2021 Fourth Quarter and Year-end Financial Location The map below shows the exact location of the asset in the state of North Dakota in the United States. PetroShale Inc. CAD. Contact Us Regarding Your Company Profile All Companies Named PETROSHALE (US) INC. Search All North Dakota Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. 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 . 2023 DrillingEdge, Inc. All rights reserved. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. 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. 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. Daily puzzles including the New York Times Crossword. PETROSHALE (US) INC. in Fargo, ND | Company Info & Reviews Dunn PETROSHALE ANNOUNCES OFFICER APPOINTMENT - Newswire The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. Tel: 701-675-2467 We are a pure-play North Dakota Bakken producer . PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Williston Basin Oil And Gas Non Competitive Lease Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. PETROSHALE INC : Shareholders Board Members Managers and Company 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. Mountrail Continued aggressive acquisition strategy in North Dakota, closing three separate transactions. DrillingEdge obtains all relevant oil and gas data from respective state and local government regulating agencies in accordance with the Freedom of Information Act. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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, 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. He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. Burgum, Tax Commissioner and Legislative Assembly Celebrate Signing of Suite 2550S Office Locations Corporate Headquarters Petro-Hunt, L.L.C. BISMARCK, N.D. - Gov. Lucero Energy Corp. - Positioning For Long-Term Sustainability Petroshale (us) Inc. | North Dakota Oil & Gas Producer Profile The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha 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. Before making any large decision, please consult the governing oil and gas agency to verify any findings from DrillingEdge. 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 . Burke 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. Jan 2017 - Apr 2023). Petroshale - Overview, News & Competitors | ZoomInfo.com 80203-1262 Petroshale (us) Inc. Activity Summary Powered by: MineralAnswers.com Petroshale (us) Inc. Production Chart PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. Suite 324 Support local journalists and the next generation of journalists. Subscribe now to read the latest news in your city and across Canada. 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. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. Due to strong demand, PetroShale agreed to increase the size of the Brokered Private Placement from its initial target of $30 million. 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? PetroShale Announces Property Acquisition, Executive Management and North Dakota limits bathroom use for transgender people Read more about cookies here. Tel: 303-382-1914 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. 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. Drilling Activity ( Petroshale Inc. - Shale Experts 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 Dallas, TX 75201 Subscribe now to receive immediate access to. 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. Click here to Upgrade And Get Immediate Access. Read more in our press release. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. Lambert, MT 59243 We are a technically driven company focused on land interests with near term drilling exposure. 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. 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 . 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. company profile page along with the rest of the general data. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. 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. Fax: 214-880-7101, 710 Buffalo St. The Contest winner will be announced on May 13, 2022. The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. The next issue of Financial Post Top Stories will soon be in your inbox. Shale Experts is a Members ONLY resource. Fax: 701-675-2504, 12710 95th St. NW 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. This story was provided by Market One Media Group for commercial purposes. Henry Hill's water solutions are designed with you in mind. 1801 BROADWAY STE 920 DENVER, CO 80202-3805 Mailing Address. "This is a historic day for North Dakota children, parents and employers. 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. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Unauthorized distribution, transmission or republication strictly prohibited. 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. 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. 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. Access articles from across Canada with one account. 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. ANNOUNCES FIRST QUARTER 2022 FINANCIAL - Newswire 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.

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