Core Viewpoint - Prairie Operating Co. has reaffirmed its multi-year Reserve-Based Lending credit facility with Citibank, indicating strong lender confidence in its asset base and execution strategy [1][3]. Financial Summary - The borrowing base of the credit facility is set at $475 million, with a maximum facility size of $1.0 billion and a maturity date of March 26, 2029 [2]. - The addition of Bank of America and West Texas National Bank to the lending syndicate enhances Prairie's financial flexibility and access to capital [3]. Company Overview - Prairie Operating Co. is an independent energy company focused on the development and acquisition of oil and natural gas resources in the Denver-Julesburg Basin, particularly in the Niobrara and Codell formations [4]. - The company emphasizes responsible resource development, aiming for consistent growth, capital discipline, and sustainable cash flow generation [4].

Group 1 - The upstream shale oil and gas sector has experienced a significant downturn, with a 30% decline in oil prices since the beginning of the year, dropping from nearly $80 in mid-January [1] - Supply fears have been alleviated due to tariff-related tensions, impacting investor sentiment in the sector [1] - The Daily Drilling Report provides investment analysis for the oil and gas industry, including a model portfolio covering all segments of upstream oilfield activity and technical analysis to identify catalysts [1] Group 2 - Fluidsdoc is an expert in the upstream oil sector with 40 years of international experience across six continents and over twenty countries [2]

SHELL PLC FIRST QUARTER 2025 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS June 9, 2025 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2025 interim dividend, which was announced on May 2, 2025 at US$0.358 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elec ...

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to allegedly misleading statements regarding its oil production and financial condition during the specified class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The Rosen Law Firm is reminding investors who purchased Civitas securities during the class period of the July 1, 2025, deadline to become a lead plaintiff in the class action [1][2]. - The lawsuit claims that Civitas made materially false statements and failed to disclose significant risks related to its oil production and financial health, which led to investor damages when the truth was revealed [3]. Group 2: Allegations Against Civitas - Civitas is alleged to have been likely to significantly reduce its oil production in 2025 due to declines following a production peak in Q4 2024 and low TIL count at the end of 2024 [3]. - The company would need to acquire additional acreage and development locations to increase oil production, which would incur significant debt and require asset sales [3]. - The financial condition of Civitas necessitated disruptive cost-reduction measures, including a significant workforce reduction, which overstated its business and financial prospects [3].

NEW YORK, June 08, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointe ...

Core Viewpoint - Permian Resources has experienced a slight increase in share price of approximately 0.8% over the past month, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings report [1] Group 1: Earnings Estimates - Estimates for Permian Resources have trended downward over the past month, with the consensus estimate shifting down by 17.82% [2] - The overall outlook indicates a downward shift in estimates, with Permian Resources holding a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Group 2: VGM Scores - Permian Resources has a Growth Score of B, but is lagging in Momentum Score with an F, while also receiving a B grade on the value side, placing it in the second quintile for this investment strategy [3] - The aggregate VGM Score for Permian Resources stands at B, which is relevant for investors not focused on a single strategy [3] Group 3: Industry Performance - Permian Resources is part of the Zacks Oil and Gas - Exploration and Production - United States industry, where Comstock Resources has shown a gain of 7.4% over the past month [5] - Comstock reported revenues of $512.85 million for the last quarter, reflecting a year-over-year increase of 52.7%, with an EPS of $0.18 compared to -$0.03 a year ago [6] - Comstock is projected to post earnings of $0.16 per share for the current quarter, indicating a year-over-year change of 180%, with the Zacks Consensus Estimate remaining unchanged over the last 30 days [6]

Company Overview - Murphy Oil shares have increased by approximately 0.8% over the past month, underperforming the S&P 500 index [1] - The most recent earnings report indicated a downward trend in estimates, with a consensus estimate shift of -38.8% [2] Performance Metrics - Murphy Oil has an average Growth Score of C, a Momentum Score of F, and a Value Score of B, placing it in the top 40% for the value investment strategy [3] - The aggregate VGM Score for Murphy Oil is C, which is relevant for investors not focused on a single strategy [3] Outlook - The overall trend for estimates has been downward, leading to a Zacks Rank of 5 (Strong Sell) for Murphy Oil, indicating expectations of below-average returns in the coming months [4] Industry Comparison - Murphy Oil is part of the Zacks Oil and Gas - Exploration and Production - United States industry, where competitor Coterra Energy has seen a gain of 7.4% over the past month [5] - Cabot, another player in the industry, reported revenues of $1.9 billion for the last quarter, reflecting a year-over-year increase of +32.9% [5] - Cabot's expected earnings for the current quarter are $0.55 per share, representing a year-over-year change of +48.7%, with a Zacks Rank of 3 (Hold) [6]

A month has gone by since the last earnings report for Occidental Petroleum (OXY) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Occidental due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?I ...

It has been about a month since the last earnings report for Western Midstream (WES) . Shares have added about 2.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Western Midstream due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Sinc ...

Core Insights - Exxon Mobil Corporation (XOM) has signed a memorandum of understanding (MoU) with Azerbaijan's state energy company SOCAR to enhance their energy partnership, focusing on onshore oil and gas resources [1][11] - The agreement emphasizes ExxonMobil's commitment to Azerbaijan's energy development, particularly in unconventional reserves, and continues the historical engagement of American companies in the region [2][8] Group 1: Agreement Details - The MoU aims to evaluate unconventional hydrocarbon opportunities in Azerbaijan, which could help stabilize the country's long-term oil output [3][5] - Currently, onshore production accounts for only 5% of Azerbaijan's overall oil output, indicating significant potential for growth in this area [3] - ExxonMobil's expertise in advanced technologies, such as hydraulic fracturing, positions it as a key partner for SOCAR in unlocking these challenging reserves [4][8] Group 2: Strategic Implications - The partnership is seen as a stepping stone for ExxonMobil to deepen its involvement in Azerbaijan's evolving energy strategy, balancing traditional oil production with new exploration [8][9] - Azerbaijan aims for a steady oil output of approximately 582,000 barrels per day, and the collaboration with ExxonMobil reflects a shared vision for stability and innovation in the global energy landscape [9] Group 3: Broader Context - SOCAR is also expanding its global outreach, including partnerships with other companies like Gran Tierra Energy, indicating a broader strategy to enhance its international presence [6][7] - SOCAR's recent activities, such as winning a license for natural gas exploration in Israel's Exclusive Economic Zone, further demonstrate its ambition to attract partnerships with Western energy majors [7]