Zargon Oil & Gas Ltd. Engages Financial Advisor

CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has re-engaged Macquarie Capital Markets Canada Ltd. as financial advisor to assist in seeking outcomes that will maximize value for the Company and its stakeholders. These outcomes may include a corporate merger, sale, recapitalization or reorganization.  Zargon’s long-life, low-decline oil exploitation assets have significant upside potential in a period of prolonged higher oil prices. In addition, Zargon brings a TSX listing and more than $155 million of non-capital losses that could have significant value in a more favourable Canadian energy investment climate. As previously announced, Zargon also commenced marketing its North Dakota assets in December 2018, assisted by Energy Advisors Group (formerly PLS).

Full ArticleWed Jan 16, 2019 6:30pm EST

Marksmen Announces Operational Update

CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC, in Hocking County, Ohio. 

Full ArticleWed Jan 16, 2019 6:14pm EST


Commodity Market | Trending Ideas & Opinions Stream

Peyto Announces Strategic Three Year Plan

CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto” or the “Company") announces a three year strategic plan to address the natural gas price crisis currently affecting the entire Alberta natural gas market and Canadian natural gas producers. The Board of Directors of Peyto has approved a plan to enhance shareholder value by; investing in several strategic longer-term initiatives, protecting the Company’s balance sheet through the near term natural gas price weakness, continued market diversification initiatives including additional vertical integration efforts, and by expanding into new venture opportunities.

Full ArticleWed Jan 16, 2019 6:08pm EST

Advanced Emissions Solutions Announces Additional Refined Coal Facility Closure with Third-Party Investor

Increases to 20 total invested Refined Coal facilities

Full ArticleWed Jan 16, 2019 5:30pm EST

TravelCenters of America LLC Announces Agreements to Acquire 20 Travel Centers and Amend Leases with Hospitality Properties Trust to Reduce Total Annual Rent by $43.1 Million

WESTLAKE, Ohio--(BUSINESS WIRE)-- TravelCenters of America LLC (Nasdaq: TA), or TA, today announced it entered agreements with its principal landlord, Hospitality Properties Trust

Full ArticleWed Jan 16, 2019 5:23pm EST

DCP Midstream, LP Announces Upsizing and Pricing of an Additional $325 Million of 5.375% Senior Notes due 2025

DENVER, Jan. 16, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an upsized offering of an additional $325 million aggregate principal amount of its 5.375% senior notes due 2025 at a price of 100.75% of their face value plus accrued interest from January 15, 2019 (the “Additional Notes”). The Additional Notes will be fully and unconditionally guaranteed by the Partnership. The Additional Notes are being offered as additional notes to the existing $500 million aggregate principal amount of 5.375% senior notes due 2025 that the Operating Partnership issued on July 17, 2018 (the “Existing Notes”). The Additional Notes and the Existing Notes will have identical terms, other than the issue date, and are intended to be treated as a single series of debt securities. The offering is expected to close on January 18, 2019, subject to the satisfaction of customary closing conditions.

Full ArticleWed Jan 16, 2019 5:05pm EST

TransAtlantic Petroleum Announces Changes in Management Team

HAMILTON, Bermuda, Jan. 16, 2019 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced changes in the Company’s management team.

Full ArticleWed Jan 16, 2019 5:01pm EST

EQM Midstream Partners Announces Quarterly Distribution

PITTSBURGH--(BUSINESS WIRE)-- EQM Midstream Partners, LP (NYSE: EQM) declared a quarterly cash distribution of $1.13 per unit for the fourth quarter of 2018. The distribution will

Full ArticleWed Jan 16, 2019 4:30pm EST

Jones Energy, Inc. Declares Contingent Convertible Preferred Stock Dividend

AUSTIN, Texas, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). If paid, the dividend will be paid in the Company’s Class A common stock. The price per share of the Class A common stock used to determine the number of shares to be issued (the “Dividend Valuation Price”) will be equal to 95% of the average volume-weighted average price per share for each day during the five consecutive day trading period ending immediately prior to the payment date.

Full ArticleWed Jan 16, 2019 4:15pm EST

Apache and Altus Midstream Announce New Altus Midstream CEO

HOUSTON, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, Nasdaq: APA) and Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced the appointment of Clay Bretches as CEO of Altus Midstream, effective immediately. Bretches will also serve as a member of the Altus board of directors and as Apache’s senior vice president, U.S. Midstream Operations. Brian Freed, CEO of Altus since its inception, will continue in his role as Apache’s senior vice president, Midstream and Marketing.

Full ArticleWed Jan 16, 2019 4:15pm EST