4 May 2017agm notice● Neutral
Halcón stockholders re-elected Floyd Wilson and Thomas Fuller as Class A directors, approved executive pay in an advisory vote, ratified Deloitte & Touche as auditor, and favored holding the pay vote every three years.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 May 2017quarterly activities report● Neutral
BATTALION OIL CORP reported quarterly revenue of $135.6 million and net income of $189.4 million for the period ended 2017-03-31.
3 May 2017quarterly activities report● Neutral
Halcón reported first quarter 2017 revenues of $135.6 million and net income available to common stockholders of $188.6 million. Production averaged 38,478 Boe/d, above guidance.
2 May 2017securities registration● Neutral
Halcón filed a prospectus allowing selling stockholders to resell up to 55,180,000 common shares issued on conversion of its 8% convertible preferred stock. The company sold no shares and received no proceeds.
28 Apr 2017securities registration● Neutral
BATTALION OIL CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP EVP, Corporate Development Stephen W Herod received 81,250 shares and a 162,500-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP SVP, CAO and Controller Joseph S Rinando III received 20,833 shares and a 41,667-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP EVP, CFO and Treasurer Mark Mize received 81,250 shares and a 162,500-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP SVP, Human Resources Leah R. Kasparek received 12,500 shares and a 25,000-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP SVP, Finance and Investor Rela Quentin R Hicks received 54,167 shares and a 108,333-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP EVP and CLO David S Elkouri received 81,250 shares and a 162,500-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP EVP, Operations Jon C. Wright received 66,667 shares and a 133,333-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP Chairman, CEO & President Floyd C Wilson received 310,415 shares and a 620,835-share option grant as part of the equity award.
13 Apr 2017director interest notice● Neutral
BATTALION OIL CORP SVP, Corporate Reserves Tina S Obut received 12,500 shares and a 25,000-share option grant as part of the equity award.
11 Apr 2017director interest notice● Neutral
BATTALION OIL CORP 10%+ owner Franklin Resources INC disposed of 139,739 shares via option/appreciation-right settlement.
4 Apr 2017securities registration● Neutral
BATTALION OIL CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
4 Apr 2017securities registration● Neutral
BATTALION OIL CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
9 Mar 2017agm notice● Neutral
Halcón completed the $500 million sale of its East Texas Eagle Ford assets on March 9, 2017. Holders of about 57.8% of its stock also approved by written consent a nine million share increase in the incentive plan, and the annual meeting was set for May 4, 2017.
6 Mar 2017securities registration● Neutral
BATTALION OIL CORP registered a securities offering with the SEC using its shelf eligibility.
3 Mar 2017asset acquisition disposition▲ GoodMajor
Halcón closed the Samson acquisition on February 28, 2017, paying $705 million for the Pecos/Reeves County acreage, funded by a $400 million private placement of new 8% automatically convertible preferred stock (converting into common at $7.25/share) plus revolver borrowings.
3 Mar 2017securities registration● Neutral
BATTALION OIL CORP registered a securities offering with the SEC using its shelf eligibility.
1 Mar 2017substantial holder notice● Neutral
AF IV Energy II AIV B, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Holdings Inc, Ares Management, L.P, Ares Management GP LLC, Ares Partners Holdco LLC reported a BATTALION OIL CORP shareholding of 21,082,728 shares (14.20% of votes) in a periodic institutional filing.
1 Mar 2017director interest notice● Neutral
BATTALION OIL CORP director Ares Management LLC acquired 2,760,276 shares and disposed of 276 in a set of related equity transactions.
16 Feb 2017debt financing▲ GoodMajor
Halcón closed the $850 million 6.75% notes, with net proceeds of about $833.6 million. It used part of them to repurchase $289.2 million of its 8.625% 2020 notes in a tender offer, and planned to redeem the remaining $410.8 million around March 20, 2017.
14 Feb 2017substantial holder notice● Neutral
TYRUS CAPITAL S.A.M, TONY CHEDRAOUI reported a BATTALION OIL CORP shareholding of 9,126,652 shares (9.80% of votes) in a periodic institutional filing.
14 Feb 2017director interest notice● Neutral
BATTALION OIL CORP EVP and CLO David S Elkouri gifted 5,500 shares.
10 Feb 2017material agreement▲ GoodMajor
Halcón agreed to sell $850 million of new unsecured 6.75% notes due 2025, earmarking the proceeds to redeem the 8.625% secured notes it had issued during its 2015 financial distress - trading secured debt back for cheaper unsecured debt now that its balance sheet has stabilized post-bankruptcy.
26 Jan 2017capital raising announcement▲ GoodMajor
Post-bankruptcy Halcón raised $400 million in a private placement of new 8% automatically-convertible preferred stock (convertible into ~55 million common shares at $7.25/share) to help fund its acquisition of 20,748 net acres in the Southern Delaware Basin's Pecos County - the company's first major post-restructuring growth move.
26 Jan 2017substantial holder notice● Neutral
AF IV Energy II AIV B, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Holdings Inc, Ares Management L.P, Ares Management GP LLC, Ares Partners Holdco LLC reported a BATTALION OIL CORP shareholding of 18,322,728 shares (19.80% of votes) in a periodic institutional filing.
24 Jan 2017material agreement▲ GoodMajor
Halcón agreed to buy about 20,748 net acres in the Southern Delaware Basin (Pecos and Reeves Counties, Texas) from Samson Exploration for $705 million, its first major growth acquisition since emerging from bankruptcy months earlier, targeting an early-March 2017 close.