Petroshale (Us) Inc. New Town, ND 58763 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. PetroShale's 2022 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development. McGregor, ND 58755 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. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. 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. 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. Mr. Tang has over 17 years of oil and gas experience in various financial and compliance related roles, most recently as the VP & Controller of TORC Oil & Gas Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . These are the closest 20 properties to the Petroshale Us property. Continued aggressive acquisition strategy in North Dakota, closing three separate transactions. Prior thereto, Ms. Lavergne specialized in various engineering roles at Legacy Oil + Gas Inc.,TriStar Oil & Gas Ltd., and Harvest Energy Trust. PetroShale Inc. is pleased to announce that it has finalized an agreement to acquire an 18.75% Working Interest in a proposed drilling unit in McKenzie County, North Dakota, for a total purchase . PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. ET on Thursday, March 3, 2022 and ends at 4 p.m. north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . Pronghorn/Sanish and Lodgepole. 350 - 7th Ave SW, Suite 3900. 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 . Unauthorized distribution, transmission or republication strictly prohibited. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. Head Office Address. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Sales per . Contest trading begins at 9:30 a.m. In 2003, Baytex was reorganized into Baytex Energy Corp. and Crew Energy Inc. Mr. Shwed served on the Board of Directors of TORC Oil & Gas Ltd. from 2012 to 2021, and is currently on the Board of Directors of Inplay Oil Corp. The map below shows the exact location of the asset in the state of North Dakota in the United States. Bear Den - Petroshale Asset is an operating oil and gas asset in the state of North Dakota in the United States. Youre invited to participate in a stock trading simulation contest featuring this years top 50 performing public venture companies on TSX Venture Exchange. Each registrant will be provided an initial balance of $50,000 of virtual cash in their contest portfolio account (no actual money will be involved) and asked to build a portfolio based on this years TSX Venture 50. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. PetroShale has the following key operational and financial attributes: 2022E Average: 10,500 11,000 boepd (85% light oil and liquids), 2022E Exit: 11,000 boepd (85% light oil and liquids), Approximately 72 MMboe (87% light oil and liquids), Corporate production decline: 30% (2022E), Capital Efficiency(2),(3): $17,000/boepd (IP 365), $134 million ($82 million pro forma the Private Placements), 521 million (657 million pro forma the Private Placements). 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. If you don't see it, please check your junk folder. Petroshale's current production is similar to Kodiak's production level in 2008, and Petroshale operates in the same region. North Dakota; McKenzie County, ND; Oil & Gas Properties in McKenzie County, ND; Petroshale Us Oil & Gas Property; Map of Wells Full Screen Map 3-D Map . Mr. Manchester has significant oil and gas engineering and operations experience, particularly in the Williston Basin, and most recently was the VP Operations of TORC Oil & Gas Ltd. 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 In addition, all pages on Bizapedia will be 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. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, 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). Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. PetroShale achieved several strategic operational objectives through the execution of the ompany's $63 million capital expenditure1 program in 2021, including efficiently executing on 6 (4.95 net) operated wells and maximizing free cash flow1 from the ompany's high quality assets focused in the North Dakota Bakken and Three Forks play. Reporting Year From: 2020-01-01. company profile page along with the rest of the general data. North Dakota (US) Branch Branch of PETROSHALE (US) PRODUCTION LLC (Delaware (US)) . PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. 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. Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development drilling inventory; Maximizing free cash flow through an efficient capital program focused on high graded development drilling opportunities; Moderating the Company's production decline profile; Directing the pace of the capital program to maintain spending flexibility throughout the year; and. He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Fax: 701-675-2504, 12710 95th St. NW if we've collected "Sales Lead Information" for a given company, it will be displayed on the The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. Active: 197.8 k Barrels of Oil Produced in Feb 2023. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p olicies of the TSX Venture Exchange) accepts responsibility for the adequacy or . Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. Shale Experts is a Members ONLY resource. 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. 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. Killdeer, ND 58640 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. If you have any questions don't hesitate to contact us. 99/month for 3 months SUBSCRIBE NOW Show Search. 80203-1262, Petroshale (us) Inc. . [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. CO . In addition to the New Management Team, one new independent director, Dale O. Shwed has been appointed to the board of directors of PetroShale (the "PetroShale Board"), which continues to include M. Bruce Chernoff, David Rain, Gary Reaves, Jacob Roorda and Brett Herman. The next issue of Financial Post Top Stories will soon be in your inbox. Tel: 406-774-3017 Fax: 361-887-1804, 508 W Wall St Business Address: ever been included, affiliated or connected in any way with or had any joint or common business enterprises or dealings of any kind with Petro-Hunt, Inc., a Kentucky corporation, its president J. 2 Website http://www.lucerocorp.com/ Industries Oil and Gas Company size 11-50 employees Headquarters Denver,. To: 2020-12-31. North Dakota owned by Petroshale Inc USand Oasis Petro North America LLC. 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 . PetroShale, we, us, our or the Corporation means PetroShale Inc. and where the context requires, means us and all our controlled entities on a consolidated basis, and where the context requires, also means our predecessor issuers, Mondak Petroleum Inc., Algonquin Oil & Gas Limited and their . Fax: 701-863-6999, 10060 81st St. NW If you are a Home delivery print subscriber, unlimited online access is. "This is a historic day for North Dakota children, parents and employers. Lambert, MT 59243 Support local journalists and the next generation of journalists. (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. #38033 - petroshale (us) inc., tahu 2mbh, se ne 29-152n-94w, mckenzie co. . The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. With the resulting financial returns enhanced by increasingly positive market conditions, the New Management Team is excited to implement a proven disciplined strategy of acquiring and exploiting assets. Daily puzzles including the New York Times Crossword. if the company chooses to hide the private information on their profile from the general public. Tel: 361-887-2111 303 E 17th Ave Ste 940 Midland, TX 79701, 400 E. Broadway Ave. 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. Clerk's office added description of Attachment A. Before making any large decision, please consult the governing oil and gas agency to verify any findings from DrillingEdge.

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