Core Insights - Prairie Operating Co. has announced the acquisition of assets from Edge Energy II LLC for $12.5 million, enhancing its position in the Denver-Julesburg Basin [1][2][7] - The acquisition adds approximately 11,000 net acres to Prairie's existing footprint, bringing the total to around 60,000 net acres [2][7] - The transaction is non-dilutive for shareholders, funded through the company's credit facility [1][7] Transaction Highlights - The acquisition includes current production of approximately 190 Barrels of Oil Equivalent per Day (Boepd) from 47 operated and non-operated wells [7] - Prairie holds a working interest of about 88% in the acquired assets [7] - The deal provides a future inventory of 40 development-ready locations with eight approved permits and eight additional permits in process [7] Development and Integration Plans - Development of the acquired assets is set to commence in August 2025, starting with the fully permitted Simpson pad [4] - The company plans to permit additional locations to facilitate near-term future development [4] - This acquisition is expected to deliver immediate scale and enhance cash flow growth through high-quality operated drilling inventory [2][4]

Core Viewpoint - Diversified Energy Company PLC has promoted Michael Garrett to Chief Accounting Officer, bringing over 20 years of accounting and financial reporting experience to the role [1][2]. Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [3]. - The company employs a differentiated strategy by acquiring existing, long-life assets and investing in them to enhance environmental and operational performance before retiring them safely [3]. - Diversified has been recognized for its sustainability leadership, which supports its goal of producing energy responsibly while generating reliable free cash flow and shareholder value [3]. Leadership and Responsibilities - In his new role, Garrett will oversee corporate and regulatory accounting, external financial reporting, controllership, and tax, managing a team of approximately 75 financial professionals [2]. - Garrett will report to Brad Gray, the President & Chief Financial Officer of Diversified [2]. - Brad Gray highlighted Garrett's unique background and expertise in the oil and gas sector, emphasizing his invaluable contributions to the organization [2]. Professional Background - Michael Garrett has been with Diversified since 2018, previously holding various leadership positions, including Senior Vice President and Controller [1][2]. - He has extensive experience in accounting roles at Callon Petroleum, Pfizer, and Pinnacle Airlines, with progressively higher responsibilities [2]. - Garrett holds a degree in accounting from Lambuth University and is a Certified Public Accountant (CPA) [2].

OKLAHOMA CITY, July 2, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") completed on July 1, 2025 its previously announced acquisition of Silverback Exploration II, LLC, which owns oil and gas assets located in Eddy County, New Mexico.About Riley Exploration Permian, Inc.Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For mo ...

Company Focus - GeoPark emphasizes profitability, discipline, and sustainable value creation as its core operational focus [1] - The company maintains a highly attractive valuation and efficient operations, prioritizing capital return [1] Investment Approach - The investment strategy highlighted focuses on value companies with solid long-term potential, indicating a preference for stability and growth [1]

Group 1 - Ernst & Young LLP (EY) informed Shell plc that it was not in compliance with SEC auditor independence rules for the audits of the years ended December 31, 2023 and 2024, leading to the need for amended Form 20-Fs [1][2] - The financial statements for 2023 and 2024 remain unchanged despite the amendment, and EY's audit opinions are still unqualified [1][5] - EY determined that the lead audit partner for the applicable years had exceeded the allowed period under SEC audit partner rotation rules, making them ineligible for the role [3] Group 2 - A different partner has been assigned by EY to lead the audit, and it has been concluded that no changes to the previously issued financial statements are necessary [4] - The appropriate remediation has been completed, allowing EY to exercise objective and impartial judgment regarding the US audit opinions in the amended Form 20-Fs [4] - The time limitations under the UK Financial Reporting Council's Revised Ethical Standard regarding partner rotation were also exceeded, but no amended filings are required in the UK [7]

Core Viewpoint - APA Corporation has made significant progress in sustainability efforts, focusing on environmental stewardship, social responsibility, and corporate governance throughout 2024 [1][2]. Sustainability Reporting - APA Corporation released two key sustainability documents: "Our Approach to Sustainability" and the "2025 Sustainability Progress Report," which outlines 2024 goals, highlights, key performance data, and new goals for 2025 [1]. Environmental Initiatives - The company exceeded its goal of eliminating at least 1 million tonnes of annualized carbon dioxide equivalent (CO2e) emissions between 2021 and 2024, achieving a total reduction of 1.24 million tonnes through over 50 global projects [3]. - APA aims to minimize freshwater usage by recycling produced water and sourcing alternatives, with 97% of global water use being produced water and brackish, nonfresh water [3]. Safety and Community Engagement - APA achieved its lowest global Total Recordable Incident Rate (TRIR) in company history at 0.16, exceeding all corporate safety targets in 2024 [3]. - The company invested 44% of its operating area's budgets with local suppliers and contractors to enhance community well-being, address energy poverty, and promote conservation [3].

Core Viewpoint - Amplify Energy Corp. has entered into a definitive agreement to sell its non-operated working interest in Eagle Ford assets to Murphy Exploration & Production Company for $23 million, effective June 15, 2025, with the sale closing on July 1, 2025 [1][2]. Financial Impact - The net proceeds from the sale will be utilized to pay down debt, enhancing the company's liquidity [2]. - With an improved balance sheet, the company is considering the addition of high-return Beta development wells in 2025 that were previously deferred [2]. Strategic Direction - The sale is viewed as a significant step in transforming Amplify Energy into a more streamlined and focused enterprise, with a strategy centered on reducing debt and accelerating development at Beta [3]. - The company believes that monetizing proved reserves and reinvesting in high-return development wells will enhance shareholder value [3]. Company Overview - Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and production of oil and natural gas properties, with operations focused in Oklahoma, the Rockies, federal waters offshore Southern California, and East Texas/North Louisiana [4].

HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2025 financial results after close of market on Wednesday, August 6, 2025, and will hold a conference call to discuss the results on Thursday, August 7, 2025, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister. ...

Investors with an interest in Oil and Gas - Production Pipeline - MLB stocks have likely encountered both Energy Transfer LP (ET) and Oneok Inc. (OKE) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong ear ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is EQT Corporation (EQT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.EQT Corporation is a member of our Oils-Energy group, which includes 241 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 ...