HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (NASDAQ:PROP) (the "Company" or "Prairie"), today announced the launch of an 11-well development program at the Rusch Pad in Weld County, Colorado. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Company's continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg ("DJ") Basin. The Rusch Pad development will consist of eleven two-mile lateral wells, ...

Core Points - Vaalco Energy, Inc. will host a Capital Markets Day presentation on May 14, 2025, focusing on its long-term vision and growth strategy across its diversified asset base [1][2] - The event will feature presentations from key management members, highlighting exciting development projects and the company's Africa-focused growth strategy [3] Company Overview - Vaalco, founded in 1985 and based in Houston, Texas, is an independent energy company with a diverse portfolio of production, development, and exploration assets across multiple countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria, and Canada [4]

TORONTO and CALGARY, AB, March 13, 2025 /PRNewswire/ - CGX Energy Inc. (TSXV: OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC) ("Frontera") announced today that the joint venture (the "Joint Venture"), which was established through their respective subsidiaries in the Petroleum Agreement and the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "License"), recently received a communication from the Government of Guyana informing the Joint Venture that: on the one hand, "The G ...

Core Viewpoint - Ring Energy, Inc. reported operational and financial results for Q4 and full year 2024, highlighting growth in sales volumes and a focus on capital efficiency while preparing for a significant acquisition in 2025 [1][3]. Q4 2024 Highlights - Average daily sales volumes reached 19,658 Boe/d, an increase of 8% year-over-year [4][5]. - Crude oil sales averaged 12,916 Bo/d, a 6% increase from the previous year [4][5]. - Revenues for Q4 2024 were $83.4 million, down 7% from Q3 2024 and 17% from Q4 2023 [4][8]. - Net income for Q4 2024 was $5.7 million, a significant decrease of 83% from Q3 2024 [4][5]. - Adjusted EBITDA for Q4 2024 was $50.9 million, down 6% from Q3 2024 [4][5]. Full Year 2024 Highlights - Full year net income was $67.5 million, down 36% from 2023 [4][23]. - Adjusted net income for the year was $69.5 million, a 31% decrease from 2023 [4][23]. - Total revenues for 2024 were $366.3 million, a slight increase from $361.1 million in 2023 [4][25]. - Average realized price for crude oil was $74.87 per barrel, with a combined average sales price of $50.94 per Boe, down from $54.60 per Boe in 2023 [4][27]. 2025 Outlook - The company plans to maintain a reduced capital spending program in Q1 2025, targeting a leverage ratio improvement upon closing the Lime Rock acquisition [3][34]. - Expected total capital spending for 2025 is between $138 million and $170 million, with a focus on drilling and completing 27 to 32 horizontal wells and 15 to 22 vertical wells [3][35]. - Anticipated oil sales volumes for 2025 are projected to be between 13,600 and 14,200 Bo/d, reflecting a nearly 5% increase from 2024 [3][37]. Year-End 2024 Proved Reserves - Year-end 2024 proved reserves were 134.2 MMBoe, a 3% increase from 129.8 MMBoe at year-end 2023 [4][40]. - The reserves were comprised of approximately 60% crude oil, 19% natural gas, and 21% natural gas liquids [4][43]. - The PV-10 value at year-end 2024 was $1,462.8 million, down from $1,647.0 million at the end of 2023 [4][44]. Acquisition and Strategic Focus - The company announced a proposed acquisition of Lime Rock's CBP assets for $90 million, expected to close by the end of Q1 2025 [3][30]. - The acquisition is aimed at enhancing operational efficiency and creating shareholder value through strategic asset integration [3][32].

Coterra Energy Inc. (NYSE:CTRA) Q4 2024 Earnings Conference Call February 25, 2025 10:00 AM ET Company Participants Dan Guffey - Vice President, Finance, Investor Relations and Treasury Tom Jorden - Chairman, President and CEO Shane Young - Executive Vice President and CFO Blake Sirgo - Senior Vice President, Operations Michael Deshazer - Senior Vice President, Business Units Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Nitin Kumar - Mizuho Neal Dingmann - Truist Securitie ...