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U.S. Well Services Finalizes $55 Million Sale of Convertible Preferred Stock to Fund Electric Frac Fleet Expansion

5 hours ago DieselGasoil Comments Off on U.S. Well Services Finalizes $55 Million Sale of Convertible Preferred Stock to Fund Electric Frac Fleet Expansion
HOUSTON, May 24, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (Nasdaq: USWS) today announced that it had finalized the $55 Million sale of newly issued Convertible Preferred Stock (or “Preferred Stock”) through a private placement with institutional investors. The financing provides further liquidity to help the Company fund ongoing growth initiatives in connection with Read More

Fishbones makes CTO appointment, six additional new hires

2 days ago DieselGasoil Comments Off on Fishbones makes CTO appointment, six additional new hires
5/22/2019 Photo: Fishbones CTO Lars-Tore Berg. STAVANGER — Fishbones, the leading provider of alternative reservoir stimulation technology, has announced it is increasing its staff base by 25% to best serve increased client demand. The position of chief technology officer has also been created, and has been filled by Lars-Tore Berg. Following successful new projects in Read More

Simmons advises U.S. Well Services on its $325 million infusion

1 week ago DieselGasoil Comments Off on Simmons advises U.S. Well Services on its $325 million infusion
5/14/2019 HOUSTON — U.S. Well Services, Inc. has successfully raised $325 million in the form of a $75 million ABL revolving credit facility and $250 million senior secured term loan. Proceeds from the financing will be used to (i) refinance existing indebtedness, (ii) provide growth capital for the expansion of its electric hydraulic fracturing fleet, Read More

Delphi Energy Corp. Provides Production Update on First West Bigstone Multi-Well Montney Pad

2 weeks ago DieselGasoil Comments Off on Delphi Energy Corp. Provides Production Update on First West Bigstone Multi-Well Montney Pad
CALGARY, Alberta, May 13, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide a production update on its first four-well Montney pad at West Bigstone. Over the past two weeks, the Company has brought all four wells on production from its first multi-well pad in West Bigstone with a Read More

Corridor Announces First Quarter Results

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HALIFAX, Nova Scotia, May 13, 2019 (GLOBE NEWSWIRE) — Corridor Resources Inc. (“Corridor”) announced today its first quarter financial results for 2019. The following table provides a summary of Corridor’s financial and operating results for the three months ended March 31, 2019, with comparisons to the three months ended March 31, 2018. Corridor’s unaudited financial Read More

STEP Energy Services Ltd. Announces Annual General Meeting Voting Results

2 weeks ago DieselGasoil Comments Off on STEP Energy Services Ltd. Announces Annual General Meeting Voting Results
CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce that at its 2019 annual meeting of shareholders held on May 8, 2019, each of the following seven nominees were elected as directors of STEP on a vote by ballot to serve until the next Read More

New Colorado environmental law stalls oil investment

2 weeks ago DieselGasoil Comments Off on New Colorado environmental law stalls oil investment
(Reuters) – New environmental regulations in Colorado have chilled investment in the state’s oil and gas fields as companies grapple with how local officials will respond to a law giving them more power to restrict energy production. FILE PHOTO: A WPX Energy natural gas drilling rig in Parachute, Colorado, December 10, 2014. REUTERS/Jim Urquhart/File Photo Read More

Covia Announces Management Change

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Board Chairman Richard Navarre Appointed Interim Chief Executive Officer Jenniffer Deckard Steps Down as Chief Executive Officer INDEPENDENCE, Ohio, May 09, 2019 (GLOBE NEWSWIRE) — Covia (NYSE:CVIA), a leading provider of mineral-based and material solutions for the Industrial and Energy markets, today announced that Richard Navarre, Covia’s Chairman of the Board of Directors, has been Read More

Covia Announces First Quarter 2019 Results

2 weeks ago DieselGasoil Comments Off on Covia Announces First Quarter 2019 Results
Total volumes of 8.0 million tons, up 2% sequentially Net loss from continuing operations of $52.2 million Adjusted EBITDA of $34.9 million Significant strengthening in March results across both segments with momentum continuing in April INDEPENDENCE, Ohio, May 09, 2019 (GLOBE NEWSWIRE) — Covia (NYSE:CVIA), a leading provider of mineral-based material solutions for the Industrial Read More