OklahomaMinerals.com

Snippets

• Permian Operator Lilis Energy Notified Of Listing Deficiency
  Lilis Energy Inc.. (NYSE: ...
  
  

  
  
  Lilis Energy Inc.. (NYSE: LLEX) said Dec.6 it had received a deficiency letter for its common stock as the Permian Basin focused independent E&P continues to evaluate strategic alternatives.
  
  The letter, from the NYSE American LLC, said Lilis Energy is below compliance with the stock exchange’s continued listing standards because the company’s common stock has been selling for “a low price per share for a substantial period of time.”
  
  Lilis Energy will have to proceed with a reverse stock split of its common stock unless it can demonstrate sustained price improvement no later than June 3, according to the company press release.
  
  Lilis Energy, Inc. is an independent oil and gas company, which engages in the exploration, development, production, and acquisition of oil, natural gas, and natural gas liquids. Its operations focus on the Delaware Basin of the Permian in Winkler, Loving and Reeves Counties, Texas and Lea County, and New Mexico.
  
  

  
  
  Read More
• Aramco Stock Will Have Plenty of Support
  (Bloomberg) -- When shares of Saudi Arabia’s national oil company begin trading Wednesday after the...
  (Bloomberg) -- When shares of Saudi Arabia’s national oil company begin trading Wednesday after the world’s largest initial public offering, the stars will be aligned to ensure that the stock price holds up.
  
  Aramco sold $25.6 billion of shares at 32 riyals each, the top of the range at which they were marketed, and the company had orders for $119 billion of stock. About 4.9 million individual investors, almost 15% of the kingdom’s population, applied for the shares. Saudi Arabia sold only 1.5% of the company’s capital in the IPO.
  
  Aramco’s board said the company will pay at least $75 billion of ordinary dividends in 2020, in addition to any potential special payouts.
  
  Read Full Story on RigZone
  Read More
• Scoop & Stack Water Management Congress returns to Oklahoma City
  American Business Conferences' Scoop...
  American Business Conferences' Scoop & Stack Water Management Congress returns to Oklahoma City this December with a focus on assessing effective full life cycle water management methods to drive down operational expenditure on a cost per barrel basis, bringing together leading operators, key regulatory bodies, and technology & service providers from across the region, to share their knowledge and experiences on proven and effective ways to optimize water management strategies.
  
  American Business Conferences promises to once again push the envelope, and raise the bar to bring you over 25+ Hours of Learning, Networking & Business Development over 3 days.
  
  DAY 1 FOCUS: WEDNESDAY DECEMBER 11, 2019
  

  
  
  • Focusing On Key Economic Cost Drivers, Including Water Reuse, Disposal, Safe Surface Discharge, Trucking, Midstream, Regulations (County And State)
  
  

  
  DAY 2 FOCUS: THURSDAY DECEMBER 12, 2019
  

  
  
  • Focused On Produced Water Reuse, Recycling Case Studies, Induced Seismicity, Seismic Regulations, Water Quality For Completions, Treatment Technologies: Bacteria & Brine Scaling, Mineral Mapping, Beneficial Reuse
  
  
  Read More
• Jones Energy II, Inc. To Be Acquired By Revolution Resources
  Jones Energy II, Inc. (OTC: JEII) announced on Friday that it has entered into a definitive merger...
  Jones Energy II, Inc. (OTC: JEII) announced on Friday that it has entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company, LLC an affiliate of Mountain Capital Partners, LP, in an all-cash transaction valued at approximately $201.5 million. Under the terms of the merger agreement, which has been unanimously approved by the Jones Energy Board of Directors and a majority of the Jones Energy stockholders, Jones Energy stockholders will receive approximately $14.11 in cash for each share of Jones Energy Class A common stock or each unit of Jones Energy Holdings II, LLC they own, as applicable. The transaction is expected to close in the first quarter of 2020.
  
  About Jones Energy
  Jones Energy is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Oklahoma and Texas. Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com.
  
  About Revolution
  Revolution is an Oklahoma City-based, independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Mid-Continent region of the United States. Revolution is an affiliate of Mountain Capital Partners, LP, an energy-focused private equity fund based in Houston, Texas with approximately $1.0 billion in assets under management.
  Read More
• Shale Players Search For ‘Happy Median’ In Permian Basin, Eagle Ford
  Longer laterals, more proppant and...
  
  

  
  
  Longer laterals, more proppant and rising slickwater fracks are part of the formula driving production growth in the Permian Basin as operators, working with oilfield service companies, continue to tweak completion designs looking to add value.
  
  Some notable trends have emerged, according to John Parker, technical advisor for Enverus, the data and energy analytics firm formerly called Drillinginfo. Speaking during a webinar Dec. 4, Parker focused on trends seen in the Eagle Ford and the Permian’s Delaware and Midland sub-basins.
  
  “The average lateral lengths are getting longer,” Parker said, pointing out how they’ve grown to an average 7,838 ft in the Delaware and 7,227 ft in the Gulf Coast Basin, home of the Eagle Ford. “In the Midland Basin, we see some of the longest laterals out there in the Wolfcamp portion of it.”
  
  Hart Energy - Read Full Story (subscription required)
  
  

  
  
  Read More

• Prev
• Next