Crude Oil: It's Here!
Politicians Just Don't Get It on Kinder Morgan
Oil and Gas E&P Faces Headwind After Posting Solid Quarter
Natural Gas Seasonal Cycles Show Upside Potential
Politicians just don’t get it on Kinder Morgan
Texas Small-Cap Reports Orogrande Horizontal Well Stimulation Success as It Acquires Additional Acreage
IEA: High Oil Prices "Taking A Toll" On Demand
Explorer Discovers Lithium Deposit in Nevada
Prospects of Small-Cap Texas Energy Company Increase as the Price of Oil Rises
Earnings Alert for #Energy and #Infrastructure Stock Enterprise Group (TSX: $E.TO) @EnterpriseGrp; Q1/2018 eps $0.06 vs. Q1/2017 eps ($0.02)
CALGARY, Alberta, May 25, 2018 (GLOBE NEWSWIRE) -- Raise Production Inc. (TSX-V:RPC) ("Raise" or the "Company") has released its financial results for the three months ended March 31, 2018.
The Company is pleased to provide an update to its shareholders on recent activities related to its operations.
As previously stated in the Company’s press release dated May 11, 2018, it closed the first tranche of its financing for $2,628,000 with Synergy Energy Holdings, LLC and its private equity owners, Crestview Partners and B29 Investments, LP. The second tranche for $872,000 is expected to be completed within the next couple weeks pending regulatory approvals from the TSX Venture Exchange.
HALS (High Angle Lift Solution)
The Company has received more interest for the HALS product and will be installing two HALS in the Cardium formation within the next month. This will be the first install for a complete HALS system including the HARP that will be placed beyond the heel perforations deeper into the lateral wellbore. This will open up a larger market for both conventional and heavy oil formations to the Company.
HARP (High Angle Reciprocating Pump)
The Canadian market was slower due to breakup however, the Company has begun to install the HARPs into wellbores in the Sparky, Cardium and Frobisher formations. The Company expects sales of the HARP to continue to increase as it enters new formations, improves productivity and solves issues related to conventional pumps.
The Company has seen positive results in productivity increases with the HARP landed at high inclinations. Our USA partner has provided specific recommendations for material and configurations to extend pump life in producing zones in different geographic areas. The upgrades will be completed by mid-June 2018.
The Company continues to provide quotes and technical support to its International Partner, CDI Oilfield Services, an Endurance Lift Solutions subsidiary, for Romania and Oman and expects to be presenting technical workshops in Oman in July 2018 or early August 2018.
RESULTS OF OPERATIONS
About Raise Production Inc.
The Company is an innovative oilfield service company that focuses its efforts on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional oil and gas wells.
For further information please contact:
Eric Laing, President and Chief Executive Officer
Susan Scullion, Chief Financial Officer
Raise Production Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain information included in this news release constitutes forward-looking statements under applicable securities legislation. Forward-looking statements or information typically contain or can be identified by statements that include words such as "anticipate", "assume", "based", "believe", "can", "continue", "depend", "estimate", "expect", "forecast", "if", "intend", "may", "plan", "project", "propose", "result", "upon", "will", "within" or similar words suggesting future outcomes or statements regarding an outlook. Such forward-looking statements or information are based on a number of assumptions that may prove to be incorrect. Assumptions have been made regarding, among other things: the ability to obtain financing to provide working capital to fund operations, the availability of credit, the ability to commercialize products and operations, the potential to increase recoverable reserves for customers by utilization of the HALS and HART systems, estimates regarding current and projected cash resources and cash flow anticipated sales, the ability to adequately protect proprietary information and technology from its competitors; the ability to obtain partnering opportunities; the ability to attract and retain key personnel and key collaborators; the availability of skilled labour, services and equipment, general economic and financial market conditions, the legislative and regulatory environment of the jurisdictions where the Company carries on business and the ability to successfully compete in targeted markets.
The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to publicly update or revise any of the included forward-looking statements, except as required by applicable Canadian securities law. Forward-looking statements are based upon the current opinions, estimates, projections, assumptions and expectations of management of the Company as at the effective date of such statements and, in some cases, information supplied by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from third parties is reliable, it can give no assurance that those expectations will prove to have been correct. By its nature, forward-looking information involves numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statement will not occur. These risks and uncertainties include, but are not limited to: the possibility that testing, deployment and commercialization of the Company’s products and regulatory changes. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news release and such forward-looking statements should not be interpreted or regarded as guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
BRENTWOOD, Tenn., May 25, 2018 (GLOBE NEWSWIRE) -- Delek US Holdings, Inc. (NYSE:DK) (“Delek US”) and Delek Logistics Partners, LP (NYSE:DKL) announced that Regina Bynote Jones has joined Delek US and the general partner of Delek Logistics Partners, LP (“collectively, “Delek”) as Executive Vice President, General Counsel and Secretary.
Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US Holdings, Inc. and Chairman and Chief Executive Officer of the general partner of Delek Logistics Partners, LP said, “I am excited that Regina is joining our team. She brings solid legal experience with an energy background that is a great addition to our executive team. I look forward to working with Regina as we continue to grow in the future.”
“I am excited to have the opportunity to work with Uzi and the Delek leadership team as we continue our focus to deliver long term shareholder returns and create sustainable value,” said Ms. Jones.
Prior to joining Delek, Ms. Jones worked with Schlumberger, the world’s largest oilfield services company, where she served as General Counsel for the Land Rigs Product Line, with responsibility for the global legal, compliance and intellectual property organization supporting the land rig operations portfolio. During her tenure with Schlumberger, Ms. Jones held notable international roles with successive legal leadership responsibility for Schlumberger’s Asia operations, based in Kuala Lumpur, Malaysia and global contracts and trade compliance, based in Paris, France. Ms. Jones brings over 20 years of comprehensive legal and technology experience in the energy industry having worked in prior roles with Dynegy, Shell and El Paso Energy.
About Delek US Holdings, Inc.
The logistics operations primarily consist of Delek Logistics Partners, LP. Delek US Holdings, Inc. and its affiliates own approximately 63% (including the 2 percent general partner interest) of Delek Logistics Partners, LP. Delek Logistics Partners, LP (NYSE:DKL) is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets.
The convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in central and west Texas and New Mexico.
About Delek Logistics Partners, LP
Investor / Media Relations Contact:
CHESTERLAND, Ohio and NEW CANAAN, Conn., May 25, 2018 (GLOBE NEWSWIRE) -- Fairmount Santrol (NYSE:FMSA) and Unimin Corporation (“Unimin”) today announced that they have received the regulatory approvals required to complete their announced merger, including approval from the Mexican Federal Economic Competition Commission (COFECE). The companies are also pleased to announce the approval by a majority of Fairmount Santrol shareholders at the special shareholder meeting held May 25, 2018.
At the time of close, which is expected to be June 1, 2018, the combined company will be named Covia Holdings Corporation (“Covia”) and will begin trading on the New York Stock Exchange under the ticker symbol “CVIA”.
Jenniffer Deckard, President and Chief Executive Officer of Fairmount Santrol, who will serve as President and Chief Executive Officer of Covia upon close, said, “Covia will bring together the strengths of both companies to create an industry leader in mineral and material solutions for the Energy and Industrial markets. Covia will be strongly positioned to serve customers’ needs through our broad array of high-quality products, distinctive technical capabilities, and the industry’s most comprehensive production and distribution network. We believe these competitive advantages will enable us to achieve our targeted synergy goals while creating greater value for all of our stakeholders.” Deckard added, “We are very proud of the people at both legacy companies and would like to thank everyone for all they have done to help us achieve our goal of creating an industry leader. We have a very talented team and I look forward to what we will accomplish together at Covia.”
The merger is expected to be partially financed with a seven-year $1.65 billion Senior Secured Term Loan (“Term Loan”) and a five-year $200 million Senior Secured Revolving Credit Facility (“Revolving Credit Facility”) committed to, and subsequently syndicated by, Barclays and BNP Paribas. The Term Loan and Revolving Credit Facility is expected to initially bear interest at a rate of Libor +3.75% and Libor +3.50%, respectively. The interest rate on both the Term Loan and Revolving Credit Facility will be tied to an interest rate grid based on Covia’s leverage ratio. The Term Loan and Revolving Credit Facility will close and fund in conjunction with the merger transaction.
About Fairmount Santrol
About Unimin Corporation
Unimin operates a portfolio of strategically located and long life assets with 31 mining facilities with reserves (including one facility currently under construction) and nine processing facilities (one of which is inactive) that span the United States, Mexico and Canada and serve a variety of energy and industrial customers. Unimin’s broad portfolio of minerals including silica sand, feldspar, nepheline syenite, lime, clays (incl. kaolin), calcium carbonate and olivine allows Unimin to offer a multi-mineral product mix to its industrial customers. Unimin has built long-standing relationships with its key customers and has a broad customer base comprised of S&P 500 and blue chip customers. Unimin operates an extensive logistics and distribution network with access to five Class 1 railroads, a large number of in-basin oil and gas operating terminals and strong unit-train capabilities.
“It's an honor to represent their remarkably innovative technology in the Western United States market," – Vice President of Sales of Air Treatment
VANCOUVER, British Columbia, May 25, 2018 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) ("SHARC") is pleased to announce that it has entered Sales Representative Agreements (“Sales Agreement”) with Air Treatment Corporation (“Air Treatment”).
Under the terms of the Sales Agreement, Air Treatment has been authorized to sell Vancouver based SHARC products throughout the California, Arizona, Utah, Idaho, Colorado, Hawaii, Nevada and, U.S. island territory of Guam in Micronesia, effective immediately.
“We are excited about extending our product lines into the Western United States with Air Treatment,” said Mr. Mueller. “Craig and the whole team shares our mission to revolutionize the HVAC industry and recognises the enormous potential of SHARC technology. It’s a great fit.”
The partnership combines SHARC’s unique and innovative waste water energy recycling technology, which provides efficient and economical space heating and cooling for commercial, residential and industrial buildings, with Air Treatment’s leading experts in commercial and industrial HVAC and refrigeration system solutions as a world class manufacturer’s representative firm.
Los Angeles based Air Treatment represent over four dozen companies and systems from specialty refrigeration equipment, condensing boilers, cooling towers, custom air handling units, to vertical in-line centrifugal pumps. The team consists of skilled and experienced staff dedicated to providing application and product selection assistance to consulting engineers, design build contractors, sound consultants and architects that are committed to ensuring buildings operate as efficiently as possible. Air Treatment encourages community involvement and family based company activities to distinguish itself from our competitors and believes this will enhance our family oriented culture and result in happier employees.
"SHARC shares our commitment to challenging the status quo by increasing building efficiency, and it's an honor to represent their remarkably innovative technology in the Western United States market," said Craig Domagala, Vice President of Sales of Air Treatment.”
About AIR TREATMENT
Air Treatment is an HVAC & R Manufacture’s Representative Firm that has been serving the industry for nearly 35 years. Our staff practices active listening skills, partnering with our customer’s to clearly identify their needs. Our system solutions are always mindful of the most efficient use of energy and water. Once a system solution has been implemented, start up services as well as any warranty execution is performed by our factory certified Service Technicians.
About SHARC International Systems
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE:SHRC), the United States (OTCQB:INTWF) and Germany (Frankfurt:IWIA).
Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
For further information, please contact:
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Frontline Ltd.'s preliminary first quarter 2018 results will be released on Thursday May 31 2018 and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at www.frontline.bm ahead of the conference call.
In order to attend the conference call you may do one of the following:
b. Conference Call
Participants will be asked for their full name & Conference ID.
A Q&A session will be held after the teleconference/webcast. Information on how to submit questions will be given at the beginning of the session.
The presentation material which will be used in the teleconference/webcast can be downloaded from www.frontline.bm.
Replay details (available for 7 days)
Participant information required: Full name & company
Large cap and junior small cap energy stocks on all exchanges including NYSE, NASDAQ, OTC, TSX, TSX Venture, ASX, AIM and global stock exchanges - over 700 stocks
3D Oil Limited ( ASX.TDO.AX ) formation was motivated by an initial focus on the Gippsland Basin which has been one of the most prolific oil and gas producing region in Australia. The Company's strategy is to target a combination of favourable technical and commercial considerations and exploit niche positions. 3D Oil currently has interests in exploration permits in the offshore Gippsland and Otway Basins of South East Australia.
49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.
88 Energy Limited ( LSE:88E.L ) (Formerly Tangiers Petroleum Ltd.) is an exploration company that has acquired ~100,000 acres, onshore Alaska, in a world class exploration asset targeting liquids rich conventional and unconventional plays.
Abraxas Petroleum Corporation ( NasdaqCM:AXAS ) is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and onshore Gulf Coast regions of the United States.
ACTIVENERGY INCOME TRUST UNITS ( TSX:AEU-UN.TO ) invests in a diversified portfolio of dividend paying energy companies operating in Canada and the U.S. To provide further diversification, the Fund also invests in oil and gas exploration and development companies as well as oil sands common stocks.
Adams Resources And Energy ( NYSE MKT:AE ) through its subsidiaries, is engaged in the business of marketing crude oil, tank truck transportation of liquid chemicals; and oil and gas exploration and production.
Adira Energy Ltd. ( TSX:ADL.V ) is an oil and gas company which is focused in the Eastern Mediterranean. The Company has one petroleum exploration licenses offshore Israel; the Yitzhak license, located 17 km offshore between Hadera and Netanya.
ADX Energy ( ASX:ADX.AX ) is an Australian Stock Exchange (ASX) listed oil and gas exploration and appraisal company. ADX operates four oil and gas permits in North Africa and Europe. The company is headquartered in Perth, Western Australia with additional offices operating out of Baden (Austria), Tunis (Tunisia) and Bucharest (Romania).
Aker Solutions ( Oslo:AKSO.OL ) is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries.See the full stock directory here