News

Noble Energy Declares Quarterly Dividend

Houston, April 24, 2017 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) today announced that its Board of Directors has declared a quarterly cash dividend of 10 cents per common share payable on May 22, 2017, to the shareholders of record at the close of business on May 8, 2017.

Noble Energy (NYSE: NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit www.nblenergy.com.

CONTACT: Contact
Kristine Marante
(281) 872-3122   
kristine.marante@nblenergy.com

Blocks B1 and B2 Open for Direct Negotiation following Collapse of Talks with Companies (Total E & P, Tullow Oil Plc and KUFPEC)

JUBA, South Sudan, April 24, 2017 (GLOBE NEWSWIRE) — Representing the Government of South Sudan, the Ministry of Petroleum announces that it is welcoming the interest of investors for direct negotiations on oil and gas in blocks B1 and B2. The announcement comes after negotiations broke down with the French oil and gas company Total E & P due to irreconcilable differences.

Multimedia content: http://APO.af/AfYuOD.

Officials of the Ministry of Petroleum met with representatives of Total in Kampala, Uganda in the past two weeks. Also involved in the negotiations to develop an exploration and production sharing agreement (EPSA) for the blocks (B1 & B2) were UK independent Tullow Oil Private Limited Company and the Kuwait Foreign Petroleum Exploration Company (KUFPEC). The negotiations reached an impasse over the proposed exploration period and cost recovery limit.

“Following lengthy discussions with representatives of the company Total we have decided it is in the best interest of South Sudan to open opportunities to other potential investors,” said Ezekiel Lol Gatkuoth, Minister of Petroleum of South Sudan. “We had hoped for a favorable outcome but we believe these large and highly prospective blocks need a fast and ambitious development program to achieve their full potential. B1 and B2 are now open for direct negotiation.”

Blocks B1 and B2 were once part of the 120,000 square kilometer area known as Block B, which was divided into three licenses in 2012. The area is highly rich in hydrocarbon deposits but has experienced very little exploration. In March 2017, Pan African independent Oranto Petroleum Limited signed an exploration and production sharing agreement (EPSA) with the Government of South Sudan for Block B3. The area covers 25,150 square kilometers and has estimated reserves in place of more than 3 billion barrels.

“The resource base in these blocks are enormous and we need committed operators who are ready to invest and work with our government to comply with the laws of our country,” said the Minister. “South Sudan is creating an enabling environment for companies to operate. We want companies to invest, explore, produce and we are ready to offer incentives to investors.”

The Government of South Sudan has adopted a very pro-business stance with the expectation that aggressive investments in the petroleum sector will stimulate the economy. In 2017, the Ministry of Petroleum announced it was planning to double its total oil production by next year. South Sudan currently produces 130,000 barrels per day but can produce as much as 500,000 barrels per day.

The Ministry of Petroleum invites companies to negotiate directly on Blocks B1 and B2. Government officials will be present at the Africa Oil & Power conference in Cape Town on June 5, 2017 to advance discussions with interested parties.

Distributed by APO on behalf of The Republic of South Sudan Ministry of Petroleum.

CONTACT: Media Contact:
Steven P. Riek Deng
Executive Director, Office of the Minister of Petroleum
+211 915 601 335

Capstone Launches the New C200 Signature Series Microturbine

CHATSWORTH, Calif., April 24, 2017 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, today officially launched the Capstone C200S microturbine, as part of the company’s new Signature Series line of microturbine energy systems.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3402a29f-a42a-49ba-b016-18ad74121ebc.

The 200-kilowatt C200S microturbine incorporates numerous system and design upgrades intended to improve overall product quality, reliability, and performance. The new product enhances the microturbine ownership experience, especially for combined heat and power (CHP) and combined cooling, heat and power (CCHP) applications.

A few of the new key upgrades include:

  • Integrated Heat Recovery for CHP and CCHP Applications – The integrated heat recovery module dramatically simplifies product installation, serviceability and overall operation in CHP and CCHP applications. The integrated heat recovery module provides recoverable heat energy driving total system efficiency levels in excess of 80 percent.
     
  • Two-Stage Air Filtration System – The first stage offers coarse particulate filtration without the need to shut down the unit or open the enclosure door to perform filter inspection or service. The second internal stage offers improved engine filter longevity and pressure drop monitoring to increase the time between service intervals and assist with the scheduling of service visits.
     
  • Improved Enclosure – The reinforced enclosure frame has been modernized and features a lower acoustics signature for CHP and CCHP installations in sensitive urban environments. In addition, it has an increased load carrying capacity for auxiliary equipment. The redesigned, double-walled engine bay door is sturdier and easier to seal.
     
  • Relocated Engine Exhaust Stack – The combustion exhaust port has been relocated to the roof of the enclosure to match the design of the other larger products in Capstone’s Signature Series line. This allows for ease of installation and integration of a heat recovery module for CHP and CCHP applications.
     
  • Redesigned Discharge for Enclosure Cooling Air – The enclosure incorporates a new rear louver design allowing package cooling air to discharge without the need for an add-on rain hood. This updated approach further reduces the installed footprint of the enclosure, which is critical for building retrofits, without compromising rain protection.

“We remain focused on diversifying our business by increasing our revenue from the CHP and CCHP energy efficiency markets with a short-term goal of 40% energy efficiency, 40% oil and gas and 20% renewables and other market verticals,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “The new C200 Signature Series product further supports this strategic effort, and the new roof mounted integrated CHP heat recovery modules designed specifically for our Signature Series product will add additional revenue growth as it did in the most recent quarter when the company added approximately $0.5 million of new Signature Series accessory revenue,” added Mr. Jamison.

“The global success of Capstone’s Signature Series microturbines has helped to propel the company into a new age of power generation technology,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Our customers are now experiencing a new level of quality, reliability, and performance with our new complete line of Signature Series products,” added Mr. Crouse.

About Capstone Turbine Corporation

Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world’s leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped approximately 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone is a member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation’s energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2015 and ISO 14001:2015 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.

This press release contains “forward-looking statements,” as that term is used in the federal securities laws, about the advantages of our Signature Series product and accessories offerings including our new C200S product line, diversification of business, growth in revenue, and increases in revenue from the CHP and CCHP energy efficiency markets. Forward-looking statements may be identified by words such as “expects,” “objective,” “intend,” “targeted,” “plan” and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone’s filings with the Securities and Exchange Commission that may cause Capstone’s actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

“Capstone” and “Capstone Microturbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

CONTACT: CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

Delphi Energy Corp. to Strengthen Board With Three New Directors; Harry S. Campbell to Serve as Board Chair

CALGARY, Alberta, April 24, 2017 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce three new candidates to join Delphi’s Board of Directors (the “Board”). Glenn Hamilton, Peter T. Harrison and Ian Wild will be proposed for election at Delphi’s Annual General Meeting (“AGM”) on May 18th, 2017. All current Board members will be standing for re-election at the AGM. Adding these individuals will increase the Board to nine and fills the three vacancies on the Board.

“Glenn, Peter and Ian bring tremendous depth to our Board with their extensive experience in oil and gas accounting, finance, banking and investment,” said David J. Reid, President and CEO. “As Delphi prepares to accelerate our production in 2017 and beyond, we are excited to have the benefit of their experience and to expand the Board to support our growth.”

  • Glenn Hamilton After 19 years, Mr. Hamilton recently retired from Bonavista Energy Corporation, where he had been Senior Vice President and Chief Financial Officer. Glenn has over 35 years of experience in accounting and finance in the oil and gas industry.   He is a Chartered Professional Accountant and with his expertise and his experience, it is anticipated that he will Chair the Audit Committee of the Board.
  • Peter T. Harrison Mr. Harrison is currently the Manager of Oil and Gas Investments at CN’s Investment Division. He has over 40 years’ experience in the investment industry, has managed multi-billion dollar equity portfolios and is well known in the oil and gas investment sector. Mr. Harrison is a Chartered Financial Analyst and has an MBA from the University of Western Ontario. It is anticipated that Mr. Harrison will serve on the Audit Committee of the Board.  
  • Ian Wild Mr. Wild has recently retired from his position as Executive Vice President with ATB Corporate Financial Services. He currently chairs the Board of Directors for the Canadian Global Affairs Institute, the Financial Sector Advisory Committee for Calgary Economic Development and is a Strategic Advisor to AltaCorp Capital. He has over 35 years’ experience in Corporate Finance, International and Investment Banking. He holds an A.I.C.B. from The Chartered Institute of Bankers (UK) and an I.C.D. designation from the Institute of Directors. It is anticipated that he will serve on the Reserves Committee of the Board.

In addition it is planned that Harry S. Campbell, QC will be appointed as Board Chair following his election at the AGM. Mr. Campbell has been a member of the Delphi Board since 2000, serving on the Audit Committee and the Corporate Governance and Compensation Committee. From 2011-2016, he served as Chair of Burnet, Duckworth & Palmer LLP.

Delphi’s AGM will be held in the Devonian Room at the Calgary Petroleum Club at 3:00pm MST on Thursday, May 18, 2017.

About Delphi Energy Corp.

Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas.  The Company has achieved top decile results through the development of our high quality Montney property, uniquely positioned in the Deep Basin of Bigstone, in northwest Alberta. Delphi continues to outperform key industry players by improving operational efficiencies and growing our dominant Bigstone land position in this world-class play. Delphi is headquartered in Calgary, Alberta and trades on the Toronto Stock Exchange under the symbol DEE.

Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws.  These statements relate to future events or the Company’s future performance and are based upon the Company’s internal assumptions and expectations.  All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “should”, “believe”, “intends”, “forecast”, “plans”, “guidance”, “budget” and similar expressions.

More particularly and without limitation, this release contains forward-looking statements and information relating to petroleum and natural gas production estimates and weighting, projected crude oil and natural gas prices, future exchange rates, expectations as to royalty rates, expectations as to transportation and operating costs, expectations as to general and administrative costs and interest expense, expectations as to capital expenditures and net debt, planned capital spending, future liquidity and Delphi’s ability to fund ongoing capital requirements through operating cash flows and its credit facilities, supply and demand fundamentals for oil and gas commodities, timing and success of development and exploitation activities, cash availability for the financing of capital expenditures, access to third-party infrastructure, treatment under governmental regulatory regimes and tax laws and future environmental regulations.

Furthermore, statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions that the reserves described can be profitable in the future.

The forward-looking statements and information contained in this release are based on certain key expectations and assumptions made by Delphi.  The following are certain material assumptions on which the forward-looking statements and information contained in this release are based: the stability of the global and national economic environment, the stability of and commercial acceptability of tax, royalty and regulatory regimes applicable to Delphi, exploitation and development activities being consistent with management’s expectations, production levels of Delphi being consistent with management’s expectations, the absence of significant project delays, the stability of oil and gas prices, the absence of significant fluctuations in foreign exchange rates and interest rates, the stability of costs of oil and gas development and production in Western Canada, including operating costs, the timing and size of development plans and capital expenditures, availability of third party infrastructure for transportation, processing or marketing of oil and natural gas volumes, prices and availability of oilfield services and equipment being consistent with management’s expectations, the availability of, and competition for, among other things, pipeline capacity, skilled personnel and drilling and related services and equipment, results of development and exploitation activities that are consistent with management’s expectations, weather affecting Delphi’s ability to develop and produce as expected, contracted parties providing goods and services on the agreed timeframes, Delphi’s ability to manage environmental risks and hazards and the cost of complying with environmental regulations, the accuracy of operating cost estimates, the accurate estimation of oil and gas reserves, future exploitation, development and production results and Delphi’s ability to market oil and natural gas successfully to current and new customers. Additionally, estimates as to expected average annual production rates assume that no unexpected outages occur in the infrastructure that the Company relies on to produce its wells, that existing wells continue to meet production expectations and any future wells scheduled to come on in the coming year meet timing and production expectations.

Commodity prices used in the determination of forecast revenues are based upon general economic conditions, commodity supply and demand forecasts and publicly available price forecasts. The Company continually monitors its forecast assumptions to ensure the stakeholders are informed of material variances from previously communicated expectations.

Financial outlook information contained in this release about prospective results of operations, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action, based on management’s assessment of the relevant information currently available. Readers are cautioned that such financial outlook information contained in this release should not be used for purposes other than for which it is disclosed.

Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, it can give no assurance that such expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent known and unknown risks and uncertainties.  Delphi’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Delphi will derive therefrom. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those currently anticipated due to a number of factors and risks.  These include, but are not limited to, the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of estimates and projections relating to production rates, costs and expenses, commodity price and exchange rate fluctuations, marketing and transportation, environmental risks, competition from others for scarce resources, the ability to access sufficient capital from internal and external sources, changes in governmental regulation of the oil and gas industry and changes in tax, royalty and environmental legislation.  Additional information on these and other factors that could affect the Company’s operations or financial results are included in the Company’s most recent Annual Information Form and other reports on file with the applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). 

Readers are cautioned that the foregoing list of factors is not exhaustive.  Furthermore, the forward-looking statements contained in this release are made as of the date of this release for the purpose of providing the readers with the Company’s expectations for the coming year.  The forward-looking statements and information may not be appropriate for other purposes.  Delphi undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.  The forward-looking statements contained in this release are expressly qualified in their entirety by this cautionary statement.

Basis of Presentation.  For the purpose of reporting production information, reserves and calculating unit prices and costs, natural gas volumes have been converted to a barrel of oil equivalent (boe) using six thousand cubic feet equal to one barrel.  A boe conversion ratio of 6:1 is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.  This conversion conforms to the Canadian Securities Administrators’ National Instrument 51-101 when boes are disclosed.  Boes may be misleading, particularly if used in isolation.

As per CSA Staff Notice 51-327 initial test results and initial production performance should be considered preliminary data and such data is not necessarily indicative of long-term performance or of ultimate recovery.

Non-IFRS Measures.  The release contains the terms “funds from operations”, “funds from operations per share”, “net debt”, “net debt to funds from operations ratio”, “operating netbacks” “cash netbacks” and “netbacks” which are not recognized measures under IFRS.  The Company uses these measures to help evaluate its performance.  Management considers netbacks an important measure as it demonstrates its profitability relative to current commodity prices and costs of production. Management uses funds from operations to analyze performance and considers it a key measure as it demonstrates the Company’s ability to generate the cash necessary to fund future capital investments and to repay debt. Funds from operations is a non-IFRS measure and has been defined by the Company as cash flow from operating activities before accretion on long term and subordinated debt, decommissioning expenditures and changes in non-cash working capital from operating activities. The Company also presents funds from operations per share whereby amounts per share are calculated using weighted average shares outstanding consistent with the calculation of earnings per share. Delphi’s determination of funds from operations may not be comparable to that reported by other companies nor should it be viewed as an alternative to cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS.  The Company has defined net debt as the sum of long term debt and subordinated debt plus/minus working capital excluding the current portion of the fair value of financial instruments. Net debt is used by management to monitor remaining availability under its credit facilities. Net debt to funds from operations ratio is defined as net debt to annualized quarterly funds from operations, based on the most recently completed quarter.  This ratio is used to calculate the Company’s compliance with its net debt to funds from operations ratio covenant.  Operating netbacks have been defined as revenue less royalties, transportation and operating costs.  Cash netbacks have been defined as operating netbacks less interest and general and administrative costs.  Netbacks are generally discussed and presented on a per boe basis.

CONTACT: FOR FURTHER INFORMATION PLEASE CONTACT:

DELPHI ENERGY CORP.
300, 500 – 4 Avenue S.W.
Calgary, Alberta
T2P 2V6
Telephone: (403) 265-6171     Facsimile: (403) 265-6207
Email: info@delphienergy.ca      Website: www.delphienergy.ca

DAVID J. REID
President & CEO

Advanced Emissions Solutions to Host First Quarter 2017 Conference Call on May 9th

HIGHLANDS RANCH, Colo., April 19, 2017 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the “Company” or “ADES”) today announced the Company expects to release its first quarter 2017 financial results and file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 the morning of Monday, May 8, 2017. A conference call to discuss the Company’s financial performance is scheduled to begin at 9:00 a.m. Eastern Time on Tuesday, May 9, 2017.

The conference call webcast information will be available via the Investor Resources section of ADES’s website at www.advancedemissionssolutions.com. Interested parties may also participate in the call by dialing: (877) 201-0168 (Domestic) or (647) 788-4901 (International) conference ID 7055719. A supplemental investor presentation will be available on the Company’s Investor Resources section of the website prior to the start of the conference call. 

About Advanced Emissions Solutions, Inc.

Advanced Emissions Solutions, Inc. serves as the holding entity for a family of companies that provide emissions solutions to customers in the power generation and other industries.

ADA-ES, Inc. (“ADA”) is a wholly-owned subsidiary of Advanced Emissions Solutions, Inc. (“ADES”) that provides emissions control solutions for coal-fired power generation and industrial boiler industries. With more than 25 years of experience developing advanced mercury control solutions, ADA delivers proprietary environmental technologies, equipment and specialty chemicals that enable coal-fueled boilers to meet emissions regulations. These solutions enhance existing air pollution control equipment, maximizing capacity and improving operating efficiencies.   Our track record includes securing more than 30 US patents for emissions control technology and systems and selling the most activated carbon injection systems for power plant mercury control in North America. For more information on ADA, its products and services, visit www.adaes.com

Tinuum Group, LLC is a 42.5% owned joint venture by ADA that provides ADA’s patented Refined Coal (“RC”) CyClean™ technology to enhance combustion of and reduce emissions of NOx and mercury from coals in cyclone boilers and ADA’s patent pending M-45™ and M-45-PC™ technologies for Circulating Fluidized boilers and Pulverized Coal boilers respectively. www.tinuumgroup.com 

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. The forward-looking statements include statements or expectations regarding timing and the Company’s ability to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 (“Q1 Filing”), provide an investor presentation on the Company’s website, and host a conference call by the dates specified. These statements are based on current expectations, estimates, projections, beliefs and assumptions of the Company’s management. Such statements involve significant risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to, the completion of the Q1 Filing may take longer than expected and other factors discussed in greater detail in the Company’s filings with the Securities and Exchange Commission (“SEC”). You are cautioned not to place undue reliance on such statements and to consult the Company’s SEC filings for additional risks and uncertainties that may apply to the Company’s business and the ownership of its securities. The Company’s forward-looking statements are presented as of the date made, and the Company disclaims any duty to update such statements unless required by law to do so.

CONTACT: Investor Contact:

Alpha IR Group
Ryan Coleman or Chris Hodges
312-445-2870
ADES@alpha-ir.com

Chaparral Energy Schedules 2017 Strategic and Operational Update Call

OKLAHOMA CITY, April 18, 2017 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. will hold a strategic and operational update call Friday, April 28 at 9 a.m. Central. The call will provide details concerning the company’s resource base, 2017 plans and long-term corporate strategy. Interested parties may access the call toll-free at 800-316-8317 and ask for the Chaparral Energy conference call 10 minutes prior to the start time. The conference ID number is 9488465.

In addition, a live webcast of the call will be available through the Investor section of the company’s website. For those who cannot listen to the live call, a recording will be available shortly after the call’s conclusion at chaparralenergy.com/investors.

About Chaparral
Chaparral is an independent oil and natural gas exploration and production company headquartered in Oklahoma City. Founded in 1988, Chaparral is a leading Mid-Continent operator with focused operations in Oklahoma’s fast-growing STACK Play. The company has potential production reserves of more than 1 billion barrels of oil equivalent and approximately 400,000 net surface acres, of which approximately 100,000 acres are in the highly economic STACK Play. For more information, please visit chaparralenergy.com.

CONTACT: Investor Contact
Joe Evans 
Chief Financial Officer
405-426-4590
joe.evans@chaparralenergy.com

Media Contact
Brandi Wessel 
Manager – Corporate Communications
405-426-6657
brandi.wessel@chaparralenergy.com

Metroplex Management Group Launches New In-store Initiative

Irving, Texas , April 17, 2017 (GLOBE NEWSWIRE) — Metroplex Management Group of Dallas, Texas launched a new in-store initiative in January in the energy sector. The successful unveiling of their new client marks the company’s third division, furthering the proof their versatility.

Previously, Metroplex Management Group had the strongest foothold throughout the South in the entertainment and telecommunications industry. This new announcement solidifies their reign in the region.

Director of Operations, Bill Bishop explains what the unveiling means for the firm in stating, “We believe the energy arena will prove be a vast runway for growth. We are grateful to have been chosen to represent our new client and expand their already broad national reach.”

The push for clean energy on a national scale is no new venture. Nearly every major energy company has experimented in a clean alternative and Dallas has certainly become the hub for clean energy usage. News stations began anticipating the rise of clean energy usage in Dallas in the early months of 2016. Many broadcasters were quoted using phrases such as, ‘wait for the boom’.

It wasn’t long before the energy clients looked for the leaders in the marketing and promotions industry to rollout their initiatives. As Metroplex Management Group leads the pack in face-to-face customer service and promotions, they were a shoe in when the time came to pick a partnering firm.

Since the launch in January, the campaign reeled so much success, it quickly spread to the other leading cities in clean energy, Houston and Chicago.

Recently released projections depict, with Metroplex Management Group’s partnership, their client will expand to 10 more cities across the nation in the next six months.

With these projections in hand, Metroplex Management Group aligned their client’s expectations and released their astounding five-month goal of acquiring 3500 new customers by July 1, 2017.

Assuredly thriving and ever versatile, Metroplex Management Group is on track to have their most productive year to date, as Bill explains, “We’re just getting started.”

To learn more about how you can be a part of Metroplex Management Group’s rapidly climbing success, visit www.MetroplexManagementGroup.com.

 

CONTACT: Metroplex Management Group
600 East John Carpenter, Suite 150
Irving, Texas 75062
469-751-7296
HR@MetroplexManagementGroup.com
www.MetroplexManagementGroup.com

Jones Energy, Inc. Declares Convertible Preferred Stock Dividend and Schedules 2017 First Quarter Earnings Release and Conference Call

AUSTIN, Texas, April 17, 2017 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a 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 dividend will be paid in a combination of cash and the Company’s Class A common stock, with the cash component equal to $0.83 per share and the stock component equal to $0.17 per share. The price per share of the Class A common stock used to determine the number of shares to be issued will be equal to 95% of the average volume-weighted average price per share for each day during the 5-consecutive day trading period ending immediately prior to the payment date. This dividend is for the period beginning on the last payment date of February 15, 2017 through May 14, 2017 and will be payable on May 15, 2017 to shareholders of record as of May 1, 2017.

2017 First Quarter Earnings Release and Conference Call

The Company also announced today that it plans to release its first quarter 2017 financial and operational results on Wednesday, May 3, 2017 after the market closes. In connection with the earnings release, Jones Energy will host a conference call for investors and analysts to discuss its results on Thursday, May 4, 2017 at 10:30 a.m. ET (9:30 a.m. CT). The conference call can be accessed via webcast through the Investor Relations section of Jones Energy’s website, www.jonesenergy.com, or by dialing (877) 201-0168 (for domestic U.S.) or (647) 788-4901 (International) and entering conference code 7807207. 

If you are not able to participate in the conference call, the webcast replay and a downloadable audio file will be available shortly following the call through the Investor Relations section of the Company’s website, www.jonesenergy.com.

About Jones Energy

Jones Energy, Inc. is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.  Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com

CONTACT: Investor Contact:
Page Portas, 512-493-4834
Investor Relations Associate
Or
Robert Brooks, 512-328-2953
Executive Vice President & CFO

Oil States Announces First Quarter 2017 Earnings Conference Call

HOUSTON, April 17, 2017 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its first quarter 2017 earnings conference call for Thursday, April 27, 2017 at 11:00 am Eastern time.  During the call, Oil States will discuss the results for the quarter ended March 31, 2017, which are expected to be released on April 26, 2017, after markets close.

This call is being webcast and can be accessed at Oil States’ web site at http://www.ir.oilstatesintl.com.  Participants may also join the conference call by dialing (800) 446-2782 in the United States or by dialing +1 847 413 3235 internationally and using the passcode of 44757302.  A replay of the conference call will be available one and a half hours after the completion of the call by dialing (888) 843-7419 in the United States or by dialing +1 630 652 3042 internationally and entering the passcode of 44757302.

The conference call will contain forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included therein will be based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed within the “Business” and “Risk Factor” sections of the Form 10-K for the year ended December 31, 2016 filed by Oil States with the SEC on February 17, 2017.

About Oil States
Oil States International, Inc. is an energy services company with a leading market position as a manufacturer of products for deepwater production facilities, certain drilling equipment and shorter-cycle products, as well as a provider of completion services and land drilling services to the oil and gas industry.  Oil States is publicly traded on the New York Stock Exchange under the symbol “OIS”.

For more information on the Company, please visit Oil States International’s website at http://www.oilstatesintl.com.

CONTACT: Company Contact:      
Lloyd A. Hajdik
Oil States International, Inc.
Executive Vice President, Chief Financial Officer and Treasurer 
713-652-0582

Patricia Gil
Oil States International, Inc.
Director, Investor Relations
713-470-4860

Approach Resources Inc. Schedules First Quarter 2017 Conference Call for Friday, May 5, 2017

FORT WORTH, Texas, April 13, 2017 (GLOBE NEWSWIRE) — Approach Resources Inc. (NASDAQ:AREX) will host a conference call on Friday, May 5, 2017, at 9:00 AM CT (10:00 AM ET) to discuss first quarter 2017 financial and operating results. The Company plans to announce first quarter 2017 results on Thursday, May 4, 2017, after close of trading.

The conference call may be accessed via the Company’s website at www.approachresources.com or by phone:

            Conference ID           8608842
            Participant Toll-Free Dial-In Number:           (844) 884-9950
            Participant International Dial-In Number:           (661) 378-9660
                         
            A replay of the call will be available on the Company’s website or by dialing:
                         
            Replay Toll-Free:           (855) 859-2056
            Replay International:           (404) 537-3406
            Conference ID:           8608842

About Approach Resources:

Approach Resources Inc. is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.  For more information about the Company, please visit www.approachresources.com.  Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.

CONTACT: INVESTOR CONTACT
Suzanne Ogle
Vice President Investor Relations & Corporate Communication
ir@approachresources.com
817.989.9000 

Noble Energy and Clayton Williams Energy Announce Deadline for Election of Form of Consideration

Houston and Midland, April 12, 2017 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) (“Noble Energy”) and Clayton Williams Energy, Inc. (NYSE: CWEI) (“Clayton Williams Energy”) today announced that, in connection with Noble Energy’s pending acquisition of Clayton Williams Energy, the election deadline for record holders of shares of Clayton Williams Energy common stock and Clayton Williams Energy warrants to elect the form of consideration they wish to receive in connection with the transaction, subject to proration, is 5:00 p.m. Central time on April 24, 2017, which is based on the current expectation that the transaction will be completed by April 25, 2017.  

Accordingly, an election will be valid only if a properly completed and signed election form and letter of transmittal, together with all required documents and materials set forth in the election form and letter of transmittal and the instructions thereto, is received by Wells Fargo Bank, N.A., the exchange agent for the transaction, by 5:00 p.m. Central time on April 24, 2017.  Clayton Williams Energy stockholders who hold their shares through a bank, broker or other nominee may be subject to an earlier deadline and should carefully read the instructions from their bank, broker or nominee regarding making elections for their shares. Stockholders with questions should contact Morrow Sodali LLC, the information agent for the transaction, toll-free at 877-787-9239, banks and brokers please call collect at 203-658-9400.

The election deadline does not impact the deadline for Clayton Williams Energy common shareholders to vote on the merger agreement, which will be considered at the special meeting of Clayton Williams Energy stockholders to be held on April 24, 2017. Clayton Williams Energy stockholders are encouraged to vote their shares if they have not already done so.

 

About Noble Energy

Noble Energy (NYSE: NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit www.nblenergy.com.

About Clayton Williams Energy

Clayton Williams Energy (NYSE: CWEI) is an independent energy company located in Midland, Texas. To learn more, please visit our website at www.claytonwilliams.com.

This news release contains certain “forward-looking statements” within the meaning of federal securities laws. Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, “estimates”, and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect Noble Energy’s and Clayton Williams’s current views about future events. Such forward-looking statements may include, but are not limited to, statements about the benefits of the proposed merger involving Noble Energy and Clayton Williams, including future financial and operating results, Noble Energy’s and Clayton Williams’s plans, objectives, expectations and intentions, the expected timing of completion of the transaction, and other statements that are not historical facts, including estimates of oil and natural gas reserves and resources, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite approval of the Clayton Williams common stockholders; the risk that Clayton Williams or Noble Energy may be unable to obtain governmental and regulatory approvals required for the merger, or required governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the merger, the risk that a condition to closing of the proposed merger may not be satisfied, the timing to consummate the proposed merger, the risk that the businesses will not be integrated successfully, the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected, disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers, the diversion of management time on merger-related issues, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy’s and Clayton Williams’s businesses that are discussed in Noble Energy’s and Clayton Williams’s most recent annual reports on Form 10-K, respectively, and in other Noble Energy and Clayton Williams reports on file with the Securities and Exchange Commission (“SEC’). Noble Energy’s reports are also available from Noble Energy’s offices or website, http://www.nblenergy.com, and Clayton Williams’s reports are also available from Clayton Williams’s offices or website, http://www.claytonwilliams.com. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Neither Noble Energy nor Clayton Williams assumes any obligation to update forward-looking statements should circumstances, management’s estimates, or opinions change.

Additional Information And Where To Find It

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed merger between Noble Energy and Clayton Williams, on March 6, 2017, Noble Energy filed with the SEC a Registration Statement on Form S-4, as amended on March 21, 2017 (the “Form S-4”) that includes a proxy statement of Clayton Williams that also constitutes a prospectus of Noble Energy. The definitive proxy statement/prospectus was also filed with the SEC by both Noble Energy and Clayton Williams on March 23, 2017. The Form S-4 was declared effective on March 23, 2017 and the definitive proxy statement/prospectus was mailed to stockholders of Clayton Williams on or about March 27, 2017. This document is not a substitute for any prospectus, proxy statement or any other document which Noble Energy or Clayton Williams may file with the SEC in connection with the proposed transaction. Noble Energy and Clayton Williams urge Clayton Williams’s investors and stockholders to read the Form S-4 and any other relevant documents filed with the SEC, including the definitive proxy statement/prospectus that is part of the Form S-4, because they contain important information. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC’s website (www.sec.gov). You may also obtain these documents, free of charge, from Noble Energy’s website (www.nblenergy.com) under the tab “Investors” and then under the heading “SEC Filings.” You may also obtain these documents, free of charge, from Clayton Williams’s website (www.claytonwilliams.comunder the tab “Investors” and then under the heading “SEC Filings.”

Participants In The Merger Solicitation

Noble Energy, Clayton Williams, and their respective directors, executive officers and certain other members of management and employees may be soliciting proxies from Clayton Williams’s stockholders in favor of the merger and related matters. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of Clayton Williams’s stockholders in connection with the proposed merger is contained in the definitive proxy statement/prospectus. You can find information about Noble Energy’s executive officers and directors in its definitive proxy statement filed with the SEC on March 2, 2017, or in the Form S-4. You can find information about Clayton Williams’s executive officers and directors in its 10-K filed with the SEC on March 2, 2017. You can obtain free copies of these documents from Noble Energy and Clayton Williams using the contact information above.


CONTACT: Investor Contacts:

Brad Whitmarsh
(281) 943-1670
Brad.Whitmarsh@nblenergy.com

Megan Repine
(832) 639-7380
Megan.Repine@nblenergy.com

Jaime Casas
(432) 688-3224
cwei@claytonwilliams.com

Media Contacts:

Deena McMullen
(281) 943-1732
media@nblenergy.com

Reba Reid
(713) 412-8441
media@nblenergy.com

Synthesis Energy Systems, Inc. Announces China Joint Venture Partner, Suzhou THVOW Technology Company, Reports Initial Start-Up of Aluminum Corporation of China 4-System Industrial Syngas Facility – Largest Capacity SES Gasification Technology Project to Date

HOUSTON, April 12, 2017 (GLOBE NEWSWIRE) — Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), the global leader in economic and sustainable high performance clean energy gasification technology, today announced that its Tianwo-SES Clean Energy Technologies Co., Ltd. (Tianwo-SES) joint venture partner, Suzhou THVOW Technology Co., Ltd. (THVOW) (Shenzhen listing code:002564), reported that the Aluminum Corporation of China’s largest of three SES Gasification Technology (SGT) alumina energy-saving, emission reduction upgrade projects has completed its initial start-up. The first SGT system came online in the first quarter of 2017. SGT is supplying stable and reliable industrial syngas to the adjacent Aluminum Corporation of China Limited (CHALCO) (NYSE:ACH) (HKEx:2600) (SSE:601600) manufacturing facility in Zhengzhou City, Shangjie District, in Henan Province. Tianwo-SES provided the SGT technology design and proprietary gasification equipment to the three Aluminum Corporation of China projects for the total seven SGT systems now in operation for the customer: Chalco Henan, Chalco Shanxi, and Chalco Shandong, increasing SES’s commercial gasification systems in China to 12.

“This is another milestone achievement for SES and our advanced technology, as it represents the largest capacity SES Gasification Technology facility to date, with four systems. Our low-cost SGT technology is well suited for the replacement of high cost natural gas in industrial applications, due to its capability of generating syngas at $3 to $6/MMBTU,” said SES President and CEO DeLome Fair. “We have multiple, similar natural gas replacement projects in discussion and early development in Australia, Eastern Europe, and other locations around the world. We believe that industrial fuel syngas is a significant growth market for SES, and one that we’re excited to expand on. In addition to advantaged economics over high-cost natural gas, SGT brings significant environmental benefits to industries that have heretofore burned coal for industrial heating purposes.”

The Aluminum Corporation of China’s Henan facility has an industrial syngas capacity of 120,000 Nm3/hr, and uses locally sourced coal as feedstock. SES’s advanced proprietary gasification technology uniquely unlocks the value of abundant low-cost and low-quality coals and coal wastes, as well as renewable biomass and municipal solid waste, by efficiently converting the feedstock to clean syngas. SGT’s syngas can produce multiple energy end products in large and growing global demand – including industrial fuel, electric power, fertilizer, and substitute natural gas. Since the initial start-up, the plant has now also successfully started two additional SGT systems.

“SES’s superior technology is increasingly being recognized globally as a high-value cleaner energy to replace expensive natural gas for multiple industries. Many regions of the developing world have abundant indigenous coal, but limited access to affordable natural gas. SGT’s natural gas replacement projects are an environmentally responsible, cleaner use of coal that bring superior economics and energy independence to our customers,” added Ms. Fair.

About Synthesis Energy Systems, Inc.

Synthesis Energy Systems (SES) is a Houston-based technology company focused on bringing clean high-value energy to developing countries from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary gasification technology based upon U-Gas®, licensed from the Gas Technology Institute. The SES Gasification Technology (SGT) can produce clean, low-cost syngas for power generation, industrial fuels, chemicals, fertilizers, and transportation fuels, replacing expensive natural gas based energy. SGT can also produce high-purity hydrogen for cleaner transportation fuels. SGT enables Growth With Blue Skies, and greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, many coal waste products, biomass, and municipal solid waste feedstocks. For more information, please visit: www.synthesisenergy.com.

About Tianwo-SES Clean Energy Technologies Co., Ltd. 

Tianwo-SES Clean Energy Technologies Co., Ltd. (Tianwo-SES) is a joint venture between Synthesis Energy System’s wholly owned subsidiary, SES Asia Technologies, Ltd. and Suzhou THVOW Technology Co., Ltd. (THVOW). The joint venture was formed in 2014 to bring clean energy technologies and turnkey SES gasification systems to China and select Asian markets, combining SES’s advanced proprietary gasification technology with the market reach of one of China’s leading coal-chemical equipment manufacturers. The joint venture’s target markets also include Indonesia, Malaysia, Mongolia, the Philippines, and Vietnam. SES owns 35%, and THVOW owns 65%, of Tianwo-SES.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to successfully partner our technology business; our ability to develop our power business unit and marketing arrangement with GE and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire management to successfully grow and develop Callide operations; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.

Contact:

MDC Group
Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
IR@synthesisenergy.com

Media Relations:
Susan Roush
805.624.7624
PR@synthesisenergy.com