Jones Energy, Inc. Receives Continued Listing Standard Notice From the NYSE

AUSTIN, Texas, Dec. 29, 2017 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) today announced that it received notification on December 26, 2017 from the New York Stock Exchange (“NYSE”) that the Company was noncompliant with certain continued listing standards because the price of the Company’s Class A common stock over [Read More…]

Source: BOE Report

Bill Barrett Corporation Announces Exercise of Over-Allotment Option

DENVER, Dec. 29, 2017 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE: BBG) today announced that the underwriters of its previously announced public offering of 21,000,000 shares of the Company’s common stock (the “common stock”) have purchased an additional 2,205,529 shares of the Company’s common stock pursuant to their over-allotment option. The net proceeds from the [Read More…]

Source: BOE Report

Bill Barrett Corporation Announces Closing of Uinta Basin Asset Sale

DENVER, Dec. 29, 2017 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE: BBG) announced today that it has closed the previously announced sale of non-core assets located in the Uinta Basin. The proceeds from this transaction will be used for general corporate purposes. Tudor, Pickering, Holt & Co. served as advisor on this transaction.         Forward-Looking [Read More…]

Source: BOE Report

Pan Orient Energy Corp.: L53AC-C1 Drilling Update

CALGARY, ALBERTA–(Marketwired – Dec. 29, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update. Thailand Onshore Concession L53 (Pan Orient 50% & Operator) The L53AC-C1 deviated exploration well was drilled to a depth of 1,453 meters true vertical depth (1,789 meters measured depth) and encountered two [Read More…]

Source: BOE Report

EP Energy Announces Expiration and Final Results for Exchange Offers and Consent Solicitations

HOUSTON, Dec. 29, 2017 /PRNewswire/ — EP Energy LLC (“EP Energy”), a wholly-owned subsidiary of EP Energy Corporation (NYSE: EPE), today announced the expiration and final results for the previously announced exchange offers (“Exchange Offers”) and consent solicitations (“Consent Solicitations”) that it and its wholly-owned subsidiary, Everest Acquisition Finance Inc., as co-issuer (together with EP Energy, [Read More…]

Source: BOE Report

U.S. Energy Corp. Completes Deleveraging Transaction

DENVER, Dec. 29, 2017 (GLOBE NEWSWIRE) — U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced that it has closed its previously announced agreement to substantially reduce the Company’s outstanding debt through an exchange transaction (the “Transaction”) with APEG Energy II, L.P., the sole lender of its Senior Secured Credit Facility (“Credit Facility”). [Read More…]

Source: BOE Report

Bonanza Creek Energy Announces the Termination of its Merger Agreement with SandRidge Energy

DENVER, Dec. 28, 2017 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE:BCEI) (“Bonanza Creek” or “the Company”) announces that it has agreed to terminate its previously announced agreement to merge with SandRidge Energy, Inc. (NYSE:SD) (“SandRidge”).  After consultation with SandRidge’s largest shareholders, SandRidge’s Board of Directors concluded that it would not receive approval for the [Read More…]

Source: BOE Report

SandRidge Energy Announces Termination of Agreement to Acquire Bonanza Creek Energy

OKLAHOMA CITY, Dec. 28, 2017 /PRNewswire/ — SandRidge Energy, Inc. (NYSE: SD) (“SandRidge” or the “Company”) today announced that it has agreed with Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek”) to terminate its previously announced agreement to acquire Bonanza Creek.     After consultation with SandRidge’s largest shareholders, it became clear that the Company would not receive [Read More…]

Source: BOE Report

Tallgrass Energy Partners Announces Continental Resources Contract Extension

LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy Partners, LP (“TEP”) today announced that Continental Resources, Inc. (“Continental”) (NYSE: CLR) exercised its contractual right to extend its Throughput and Deficiency Agreements (“TDAs”) to ship crude oil with Belle Fourche Pipeline Company (“BFPL”) and with TEP’s subsidiary, Tallgrass Pony Express Pipeline, LLC (“Pony Express”), through Oct. 31, 2024. The TDAs [Read More…]

Source: BOE Report

Mid-Con Energy Partners, LP Announces Sale of Southern Oklahoma Assets and Hiring of Financial Advisor

TULSA, Dec. 28, 2017 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the “Partnership”) today announces the sale of oil and natural gas assets within its Southern Oklahoma core area to Exponent Energy III, LLC (“Buyer”), a Tulsa-based company.  The sale closed on December 22nd at a purchase price of $22.0 Million [Read More…]

Source: BOE Report

Jericho Oil Receives C$4.74 Million From Warrant Exercise

TULSA, Oklahoma and VANCOUVER, British Columbia, Dec. 28, 2017 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is pleased to announce that a total of 7,904,861 common share purchase warrants (the “Warrants”) have been exercised at $0.60 per common share for total proceeds to the Company of $4,742,917. Insiders of Jericho Oil exercised [Read More…]

Source: BOE Report

Empire Petroleum Corporation Hires Chief Executive Officer and Enters into Letter of Intent for Acquisition of Oil and Gas Properties in NW Louisiana

TULSA, Okla.–(BUSINESS WIRE)–Empire Petroleum Corporation (“Empire Petroleum”, “Empire” or the “Company”) (OTCQB: EMPR) today announced in a year-end update to shareholders that it has recently named long-time leading energy investment banker Thomas (Tommy) Pritchard as Chief Executive Officer. In addition, the Company announced that on December 23 it entered into a Letter of Intent (“LOI”) [Read More…]

Source: BOE Report

Vital Announces Closing of Debenture Offering

CALGARY, Alberta, Dec. 28, 2017 (GLOBE NEWSWIRE) — Vital Energy Inc. (“Vital”) announced today that it has completed the closing of the previously announced non-brokered private placement offering of 8% secured convertible debentures in the principal amount of $100,000, subject to TSX Venture Exchange final approval.  The debentures bear interest at the rate of eight [Read More…]

Source: BOE Report

BNK Petroleum Inc. Announces 2018 Drilling Program and Bank Line Increase

CAMARILLO, CA, Dec. 28, 2017 /PRNewswire/ – BNK Petroleum Inc. (the “Company“) (TSX: BKX) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has obtained an increase in its Borrowing Base to US$30,000,000 on it's US$75,000,000 revolving line of credit (“credit facility”) from BOK Financial (“BOKF”). The Company is also pleased [Read More…]

Source: BOE Report

BNK Petroleum Inc. Announces 2018 Drilling Program and Bank Line Increase

CAMARILLO, CA, Dec. 28, 2017 /CNW/ – BNK Petroleum Inc. (the “Company“) (TSX: BKX) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has obtained an increase in its Borrowing Base to US$30,000,000 on it's US$75,000,000 revolving line of credit (“credit facility”) from BOK Financial (“BOKF”). The Company is also pleased [Read More…]

Source: BOE Report