9 Nov 2015quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $112.0 million for the period ended 2015-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Oct 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. CEO Edward B Cloues II received a stock option grant for 100,000 shares.
1 Oct 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 56,603 shares as part of the equity award.
1 Oct 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 56,603 shares.
1 Oct 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received 56,603 shares as part of the equity award.
1 Oct 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received a stock option grant for 56,603 shares.
1 Oct 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 49,057 shares and a 49,057-share option grant as part of the equity award.
29 Sept 2015material agreement▲ Good
On September 24, 2015 the company's subsidiary and Republic Midstream replaced the July 2014 crude oil gathering agreement with an amended version. It reduces the number of wells initially required to be connected, lowers the top gathering fee from $2.00 to $1.75 per barrel, and requires Republic to truck volumes from wells not connected. This continues the 2014 Republic arrangement and is more favorable to the company on fees; the filing does not state the reason for the change.
16 Sept 2015listing compliance notice▼ BadMajor
On September 14, 2015 the NYSE notified the company that its 30-trading-day average share price was $0.98, below the $1.00 minimum. The company has six months to fix this (possibly longer if shareholder approval is needed), plans to tell the NYSE by September 28 that it intends to cure it, and says the shares keep trading meanwhile and its debt agreements are not affected.
2 Sept 2015asset acquisition disposition▲ GoodMajor
On August 31, 2015 the company completed the sale of its East Texas and North Louisiana assets to Covey Park Energy LLC for $74.5 million in cash, resolving the July 2015 agreement. Pro forma for the sale at June 30, 2015, the press release says revolver borrowings would be $138 million (versus $212 million actual) and liquidity $259 million, with the total debt ratio at 3.6 times (versus 3.7 times).
30 July 2015quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $83.6 million for the period ended 2015-06-30.
29 July 2015quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $83.6 million for the period ended 2015-06-30.
21 July 2015securities registration● Neutral
BAYTEX ENERGY USA, INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
16 July 2015material agreement● NeutralMajor
On July 15, 2015 the company agreed to sell all its East Texas and North Louisiana oil and gas assets to Covey Park Energy LLC for $75.0 million in cash, with closing expected in August 2015 subject to customary conditions. The press release says the properties produced about 1,870 barrels of oil equivalent a day in the second quarter of 2015, mostly natural gas, with 13.7 million barrels of oil equivalent of year-end 2014 proved reserves. This continues the asset sales seen in 2014, and the Eagle Ford is named as the company's primary focus.
1 July 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received 6,849 shares as part of the equity award.
1 July 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 6,164 shares and a 6,164-share option grant as part of the equity award.
1 July 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 6,849 shares.
1 July 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 5,936 shares and a 5,936-share option grant as part of the equity award.
1 July 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received a stock option grant for 6,849 shares.
1 July 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 6,849 shares as part of the equity award.
14 May 2015agm notice● Neutral
At the reconvened May 13, 2015 annual meeting, shareholders approved an amendment raising authorized common shares from 128 million to 228 million. They also elected six directors, backed the executive-pay advisory vote and ratified KPMG as auditor.
14 May 2015securities registration● Neutral
BAYTEX ENERGY USA, INC. registered a securities offering with the SEC using its shelf eligibility.
12 May 2015quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $74.5 million for the period ended 2015-03-31.
11 May 2015quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $74.5 million for the period ended 2015-03-31.
8 May 2015agm notice● Neutral
Penn Virginia (now Baytex Energy USA) adjourned its May 7, 2015 annual meeting because it lacked the votes needed to approve an increase in authorized common shares. The meeting was set to reconvene on May 13, 2015, with proxy solicitation continuing.
8 May 2015substantial holder notice● Neutral
BlackRock, Inc reported a BAYTEX ENERGY USA, INC. shareholding of 7,379,950 shares (10.30% of votes) in a periodic institutional filing.
5 May 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. VP and CFO Steven A. Hartman exercised stock options for 93,776 shares and disposed of 24,143 shares.
5 May 2015director interest notice● Neutral
BAYTEX ENERGY USA, INC. EVP and COO John A Brooks exercised stock options for 24,740 shares and disposed of 6,103 shares.
28 Apr 2015substantial holder notice● Neutral
ICS Opportunities, Ltd, Integrated Assets, Ltd, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC, Israel A. Englander disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (5.20% of votes).
7 Apr 2015agm notice● Neutral
The company issued its proxy statement for the May 7, 2015 annual meeting. Shareholders were asked to elect six directors, hold an advisory vote on executive pay, raise authorized common shares from 128 million to 228 million, and ratify KPMG as auditor.