Oil and Gas Exploration

Search documents
VAALCO Schedules First Quarter 2025 Earnings Release and Conference Call
GlobeNewswire News Room· 2025-04-29 06:00
Core Viewpoint - VAALCO Energy, Inc. is set to release its first quarter 2025 earnings on May 8, 2025, and will host a conference call on May 9, 2025, to discuss financial and operational results [1][2]. Company Information - VAALCO Energy, Inc. is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across multiple countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria, and Canada [3]. Conference Call Details - The earnings release will occur after the close of trading on the New York Stock Exchange on May 8, 2025, with the conference call scheduled for May 9, 2025, at 9:00 a.m. Central Time [2]. - Participants can join the call using specific toll-free numbers based on their location, and the call will also be available via webcast on VAALCO's website [2].
Houston American Energy Corp. Announces Results of Special Meeting of Stockholders
Globenewswire· 2025-04-28 13:00
HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ("HUSA" or the "Company"), today announced the results of the Company's special meeting of stockholders (the "Meeting") held virtually on April 24, 2025. At the Meeting, all of the matters put forward before the Company's stockholders for consideration and approval, as set out in the Company's definitive proxy statement dated April 11, 2025, were approved by the requisite number of votes cast at the meeting. ...
International Petroleum Corporation to release Q1 2025 Financial and Operational Results on May 6, 2025
Globenewswire· 2025-04-28 09:30
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three months ending 31 March 2025, on Tuesday, May 6, 2025 at 07:30 CET, followed by an audiocast at 09:00 CET. Follow the 2025 first quarter financial and operating results presentation starting at 09:00 CET live on www.international-petroleum.com or using the link or dial in details below: Presentation Link: https://ipc.videosync. ...
International Petroleum Corporation to release Q1 2025 Financial and Operational Results on May 6, 2025
Globenewswire· 2025-04-28 09:30
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three months ending 31 March 2025, on Tuesday, May 6, 2025 at 07:30 CET, followed by an audiocast at 09:00 CET. Follow the 2025 first quarter financial and operating results presentation starting at 09:00 CET live on www.international-petroleum.com or using the link or dial in details belo ...
BW Energy: Invitation to Q1 2025 results presentation in Oslo on 5 May
Globenewswire· 2025-04-25 05:30
Group 1 - BW Energy will release its Q1 2025 results on May 5 at 07:30 CEST, followed by a presentation at 09:30 CEST in Oslo, Norway [1] - The presentation will cover optimization and development projects in Brazil and will be hosted by key executives including the CEO and CFO [1] - BW Energy is a growth E&P company focusing on proven offshore oil and gas reservoirs with a strategy of low-risk phased developments [2] Group 2 - The company has significant interests in various fields, including 73.5% in the Dussafu Marine licence offshore Gabon and 95% in the Maromba field in Brazil [2] - Total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [2]
Ring Energy Updates Second Quarter 2025 Guidance
Globenewswire· 2025-04-24 20:45
Core Viewpoint - Ring Energy, Inc. has reaffirmed its sales volume guidance for Q2 2025 while significantly reducing its capital spending guidance due to declining oil prices [1][2]. Sales Volumes - Total sales volumes are projected to be between 13,700 and 14,700 barrels of oil per day (Bo/d), with a midpoint of 14,200 Bo/d [2][7]. - Total production is expected to range from 20,500 to 22,500 barrels of oil equivalent per day (Boe/d), with a midpoint of 21,500 Boe/d [2][7]. - The composition of total production is anticipated to be 66% oil, 18% natural gas liquids (NGLs), and 16% gas [2]. Capital Program - The capital spending guidance has been reduced to a range of $14 million to $22 million, with a midpoint of $18 million, representing a decrease of over 50% [2][7]. - The capital spending outlook includes funds for well recompletions, capital workovers, infrastructure upgrades, well reactivations, and leasing acreage [4]. Operating Expenses - Lease Operating Expense (LOE) is projected to be between $11.50 and $12.50 per Boe, with a midpoint of $12.00 per Boe [2][7]. Strategic Focus - The company emphasizes a value-focused strategy aimed at maximizing cash flow and managing commodity price volatility, which is crucial for strengthening the balance sheet during periods of low oil prices [2]. - The decision to reduce capital spending is seen as a proactive measure to enhance debt reduction and better position the company for potential risks associated with prolonged low oil prices [2].
Berry Corporation Provides Update on Strong Hedge and Liquidity Position Underpinning Stable Cash Flow Generation; Announces Upcoming Conference Participation
Newsfilter· 2025-04-23 12:00
Core Insights - Berry Corporation has strengthened its hedge and liquidity position, raising the average hedged price for 2026 and 2027 by $6 per barrel on 2.3 million barrels per day (MBbls/d) [1][6] - The company is 73% hedged for the remainder of 2025 and 63% hedged for 2026 based on its production guidance [1][6] - As of March 31, 2025, Berry had $120 million in liquidity, which includes $39 million in cash, $49 million available for borrowings, and $32 million for delayed draw borrowings [3] Hedging and Financial Position - Berry's hedging strategy has resulted in a favorable position, with a balance of 2025 oil hedged at an average price of $74.69 per barrel Brent [6] - The company has converted 2.3 MBbls/d of collars and puts into swaps, raising the floor price by $6 per barrel on average [6] - The mark-to-market (MTM) value for crude oil as of April 21, 2025, is $105 million [6] Liquidity and Upcoming Events - As of April 22, 2025, Berry's liquidity position is $119 million, with $14 million in letters of credit and no outstanding borrowings under its credit facility [3] - Berry's executives will participate in several upcoming investor events, including the ONE Houlihan Lokey Global Conference and the Louisiana Energy Conference [7]
Vermilion (VET) Upgraded to Buy: Here's Why
ZACKS· 2025-04-15 17:00
Vermilion Energy (VET) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earning ...
BW Energy: Q1 2025 operational update
Globenewswire· 2025-04-15 05:30
Core Viewpoint - BW Energy reported a net production of 3.2 million barrels of oil (mmbbls) in Q1 2025, reflecting a daily production rate of 36,000 bbls, with contributions from the Dussafu licence in Gabon and the Golfinho field in Brazil [1][2]. Production and Sales - Net production increased from 3.1 mmbbls in Q4 2024 to 3.2 mmbbls in Q1 2025, with Dussafu contributing 2.6 mmbbls and Golfinho contributing 0.7 mmbbls [2]. - Net volume sold rose to 3.7 mmbbls in Q1 2025 from 3.2 mmbbls in Q4 2024, with Dussafu sales at 3.2 mmbbls and Golfinho sales remaining steady at 0.5 mmbbls [2]. Financial Performance - The average realized price for Dussafu was USD 74.8 per barrel, up from USD 72.5 in Q4 2024, while Golfinho's price decreased from USD 83.5 to USD 75.0 per barrel [2]. - Operating costs were reported at USD 9.9 per barrel for Q1 2025, with a significant increase in production costs leading to an operating cost of USD 42.2 per barrel for another project [6]. Development Projects - BW Energy anticipates announcing the Final Investment Decision (FID) for the Maromba development project in the coming weeks [4]. - The FID for the Golfinho Boost project has been made, aiming to enhance uptime and add approximately 3,000 barrels per day of incremental oil production starting in 2027 [6]. Operational Highlights - The company achieved record quarterly production since inception, with production availability at approximately 93% on FPSO BW Adolo and 99% on MaBoMo [6]. - The company has a period-end cash balance of USD 286 million, an increase from USD 221 million at the end of December 2024, reflecting positive cash flow from operations and debt repayment [6]. Debt and Liquidity - BW Energy entered into a new and increased Dussafu Reserve-Based Lending (RBL) facility, with gross debt at USD 583 million, which includes various financing arrangements [7].
RRC vs. VNOM: Which Stock Is the Better Value Option?
ZACKS· 2025-04-11 16:45
Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either Range Resources (RRC) or Viper Energy Partners (VNOM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revisio ...