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Oil & Gas Exploration and Production

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Premier Oil Says To Sell Entire Equity Interest In Esmond Transportation System Pipeline

Monday, 11 Dec 2017

Dec 11 (Reuters) - Premier Oil Plc ::HAS ENTERED INTO A SALE AND PURCHASE AGREEMENT TO SELL ITS ENTIRE EQUITY INTEREST IN ESMOND TRANSPORTATION SYSTEM ("ETS") PIPELINE TO CATS MANAGEMENT LIMITED​.‍PREMIER WILL RECEIVE CASH CONSIDERATION OF UP TO £23.6 MILLION ($31.6 MILLION) FOR ITS ENTIRE 30 PER CENT INTEREST IN ETS​.‍EFFECTIVE DATE OF SALE IS 1 JANUARY 2017​.‍PREMIER EXPECTS SALE TO COMPLETE IN 1H 2018​.

Mid-Con energy partners posts Q3 loss of $0.29 per share

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - Mid-con Energy Partners Lp :Mid-Con Energy Partners LP announces third quarter 2017 results and $25 million divestiture of southern Oklahoma assets.Q3 loss per share $0.29.Qtrly ‍production averaged 3,500 BOE/D, a decrease of 1.7% sequentially and a decrease of 11.5% year-over-year​.For Q3 of 2017, recorded approximately $4.9 million of non-cash impairment expense related to one of Permian projects​.Sees ‍fy2017 net production 3,500 BOE/D to 3,600 BOE/D​.Estimated capital expenditures for FY 2017 $10 million​.Qtrly ‍total revenues $11.2 million versus $14.0 million.

Sanchez Midstream Partners reports qtrly total revenues $18.6 mln

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - Sanchez Midstream Partners LP :Sanchez Midstream Partners LP reports third quarter 2017 operating and financial results.Sanchez Midstream Partners LP - qtrly total revenues $18.6 million versus $19.9 mln‍​.Sanchez Midstream Partners LP - qtrly loss per share per common unit $0.38.Sanchez Midstream Partners LP - ‍continued to divest certain of non-core production assets in q3 2017​.Sanchez Midstream Partners LP - ‍as of Sept. 30, 2017, partnership had $189 million in debt outstanding under its credit facility​.Sanchez Midstream Partners LP - ‍partnership had approximately $0.4 million in cash and cash equivalents at Sept. 30, 2017​.Sanchez Midstream Partners LP - qtrly average daily production 2,043 boe/d versus 2,870 boe/d‍​.Sanchez Midstream Partners LP - ‍currently forecast a distribution coverage ratio in excess of 1.0x in q4 2017​.

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