Morgan E&P, Subsidiary of Equus Total Return Inc., Secures $3 Million Loan for Drilling in Williston Basin

Reuters

08/14

Morgan E&P, Subsidiary of <a href="https://laohu8.com/S/EQS">Equus Total Return</a> Inc., Secures $3 Million Loan for Drilling in Williston Basin

Equus Total Return, Inc. has announced that its wholly-owned subsidiary, Morgan E&P, LLC, has secured a $3 million term loan facility. This financing will be utilized to advance drilling and work-over operations in the Bakken Shale formation within North Dakota's Williston Basin. The funds will focus on developing two existing, non-producing wells owned by Morgan, with the aim of increasing production volumes and enhancing cash flow starting in the latter half of 2025. This move is part of Morgan E&P's strategy to capitalize on new well completions and optimize existing assets, thereby strengthening its position in one of North America's leading oil-producing regions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equus Total Return Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512266-en) on August 14, 2025, and is solely responsible for the information contained therein.

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This financing will be utilized to advance drilling and work-over operations in the Bakken Shale formation within North Dakota's Williston Basin. The funds will focus on developing two existing, non-producing wells owned by Morgan, with the aim of increasing production volumes and enhancing cash flow starting in the latter half of 2025. This move is part of Morgan E&amp;P's strategy to capitalize on new well completions and optimize existing assets, thereby strengthening its position in one of North America's leading oil-producing regions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equus Total Return Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512266-en) on August 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250814:nNDL4SDZds:1","article_id":"2559540619","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559540619","pubTimestamp":1755172934,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Equus Total Return, Inc. has announced that its wholly-owned subsidiary, Morgan E&P, LLC, has secured a $3 million term loan facility. This financing will be utilized to advance drilling and work-over operations in the Bakken Shale formation within North Dakota's Williston Basin. The funds will focus on developing two existing, non-producing wells owned by Morgan, with the aim of increasing production volumes and enhancing cash flow starting in the latter half of 2025. This move is part of Morgan E&P's strategy to capitalize on new well completions and optimize existing assets, thereby strengthening its position in one of North America's leading oil-producing regions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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