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. PETROSHALE (US) PRODUCTION LLC :: North Dakota (US) :: OpenCorporates When typing in this field, a list of search results will appear and be automatically updated as you type. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. BISMARCK, N.D. - Gov. Prospective investors are encouraged to conduct their own analysis and reviews of PetroShale and the New Management Team and the other information contained in this press release. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Fax: 701-863-6620, 813 123rd Ave. SW He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. 2101 Cedar Springs Rd. 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. Dallas, TX 75201 PETROSHALE ANNOUNCES OFFICER APPOINTMENT - Newswire 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. Oil and Gas information that can give you a competitive edge in a very competitive landscape. Active: These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. * Earnings dates may be subject to change. 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. Williams Find production data for each well rolled up by owning operator. PetroShale Announces Strategic Asset Acquisition in North Dakota Please notify DrillingEdge immediately if any inaccuracies are discovered. More than 2,500 Subscribers rely on our data each day. 2023 Shale Experts, All rights reserved. company profile page along with the rest of the general data. 4561 106th Ave. NW Fax: 701-258-1562, 600 17th St. Simple, actionable information at your fingertips. North Dakota (US) Branch Branch of PETROSHALE (US) PRODUCTION LLC (Delaware (US)) . DrillingEdge obtains all relevant oil and gas data from respective state and local government regulating agencies in accordance with the Freedom of Information Act. (jb) Petroshale (us) Inc. 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. Reporting Entity Name Currency of the Report Reporting Entity ESTMA Ms. Lavergne has over 18 years of oil and gas engineering experience, particularly in the Williston Basin, and most recently was the Engineering Manager of TORC Oil & Gas Ltd. The New Management Team believes PetroShale's assets, currently producing in excess of 10,000 boe/d (approximately 85% light oil and natural gas liquids) offer compelling economic returns. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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, Tel: 701-546-4601 Tel: 701-863-6500 DENVER , Hunt Perkins or their representatives, employees, partners, affiliates, associates, parents, subsidiaries or stockholders. The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . Register now for Canadas Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register. We are a pure-play North Dakota Bakken producer . PetroShale's 2022 capital budget is specifically focused on: PetroShale's capital program in 2022 is focused on light oil development projects, with the majority of the capital directed to drilling, completions and tie-ins (greater than 85%) with the remainder allocated to operational and facility optimization to maximize production efficiency. Information on the lease was last updated on October 1, 2021. 2022-05-18 | Press Release | PETROSHALE INC. ANNOUNCES - stockhouse is comprised solely of the family-owned entities headquartered in Dallas, Texas, as described herein, including Petro-Hunt, L.L.C. Reporting Year From: 2020-01-01. 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. At no time has Petro-Hunt, L.L.C. 80203-1262. Suite 2550S 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 . and 6,592 MCF of gas, PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Tel: 701-675-2467 The Venezuelan Finance Ministry yesterday said that the China Development Bank will finan Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Ca Oil prices fell yesterday as US President Donald Trump asked OPEC to REDUCE PRICING NOW Visibility in the global oil & gas community, Access to thousands of global oil & gas tenders. Petroshale (Us) Inc. / API # 33-053-09113 Well Summary Well Name: Anderson South 3MBH API #: 33-053-09113 Operator: Petroshale (Us) Inc. County: McKenzie County, ND Production Dates on File: January 2022 to February 2023 3.3 k Barrels of Oil Produced in Feb 2023 7.2 k MCF of Gas Produced in Feb 2023 Map of Anderson South 3MBH Bear Den - Petroshale Oil and Gas Asset (North Dakota, United States Petro-Hunt has active operations in eight counties in North Dakota and four in Montana. Petroshale: Employee Directory | ZoomInfo.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 CALGARY, AB, Jan. 13, 2022 /CNW/ - 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, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, Operations. Lucero Energy Corp. - Positioning For Long-Term Sustainability Suite 600 Suite 720 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. served to you completely ad free and you will be granted access to view every profile in its entirety, even Burgum, Tax Commissioner and Legislative Assembly Celebrate Signing of Lucero is committed to upholding the highest standard of corporate responsibility. Concurrent with the appointment of the New Management Team and the Non-Brokered Private Placement, PetroShale has entered into an agreement, on a commercially reasonable efforts private placement basis, with a syndicate of agents led by Peters & Co. Limited for 112,500,000 Common Shares at a price of $0.40 per Common Share for gross proceeds of up to $45 million. PetroShale has built a sustainable growth platform of light oil focused assets. The next issue of Financial Post Top Stories will soon be in your inbox. 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.