12 Feb 2019substantial holder notice● Neutral
Southpaw Asset Management LP, Southpaw Holdings LLC, Kevin Wyman, Howard Golden reported no remaining COMSTOCK RESOURCES INC shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Feb 2019substantial holder notice● Neutral
Carl H. Westcott, Commodore Partners, Ltd, G.K. Westcott LP, Carl Westcott, LLC, Court H. Westcott, Carla Westcott reported a COMSTOCK RESOURCES INC shareholding of 539,098 shares (0.51% of votes) in a periodic institutional filing.
31 Dec 2018director interest notice● Neutral
COMSTOCK RESOURCES INC President & CFO Roland O Burns gifted 15,000 shares.
9 Nov 2018securities registration● Neutral
COMSTOCK RESOURCES INC registered a securities offering with the SEC using its shelf eligibility.
22 Aug 2018substantial holder notice● Neutral
Arkoma Drilling, L.P, Williston Drilling, L.P, Blue Star Exploration Company, Jerral W. Jones disclosed a new substantial COMSTOCK RESOURCES INC shareholding (83.60% of votes).
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC Vice President of Land Larae Lynn Sanders received 11,853 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Accounting Daniel K Presley received 11,207 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC Chairman & CEO M Jay Allison received 142,241 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Marketing Michael D Mcburney received 11,207 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Financial Reporting Richard Darius Singer received 6,954 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Corporate Development Blaine M. Stribling received 11,422 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC Vice President of Operations Daniel S Harrison received 32,687 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC President & CFO Roland O Burns received 96,552 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Reservoir Engineering Russell W Romoser received 11,422 shares as part of the equity award.
15 Aug 2018asset acquisition disposition▲ GoodMajor
Comstock completed its comprehensive recapitalization: Jerry Jones's Arkoma and Williston Drilling contributed Bakken Shale (ND/MT) assets valued at $620 million for 88.57 million new shares, giving the Jones family about 84.5% control and five board seats; the escrowed $850 million notes were released, a new $700 million credit facility replaced the old one, and all prior notes were redeemed.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider David W Sledge received 14,318 shares as part of the equity award.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider Jim L Turner received 14,318 shares as part of the equity award.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider Elizabeth B Davis received 14,318 shares as part of the equity award.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider Morris E Foster received 14,318 shares as part of the equity award.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider Frederic D Sewell received 14,318 shares as part of the equity award.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider David K Lockett received 14,318 shares as part of the equity award.
14 Aug 2018director interest notice● Neutral
COMSTOCK RESOURCES INC insider Cecil E Martin Jr. received 14,318 shares as part of the equity award.
10 Aug 2018agm notice● Neutral
At its August 10, 2018 annual meeting, Comstock shareholders approved issuing up to 88,571,429 shares in exchange for acquiring certain assets and adopted Second Amended and Restated Articles of Incorporation. They also elected nine directors and ratified Ernst & Young as auditor.
9 Aug 2018quarterly activities report▼ Bad
COMSTOCK RESOURCES INC reported quarterly revenue of $61.4 million and a net loss of $34.0 million for the period ended 2018-06-30.
9 Aug 2018substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial COMSTOCK RESOURCES INC shareholding (6.50% of votes).
8 Aug 2018quarterly activities report▼ Bad
Comstock reported a second-quarter 2018 net loss of $34.0 million, or $2.22 per share, on oil and gas sales of $62.6 million including hedging gains. Natural gas production rose 25% from a year earlier.
6 Aug 2018debt financing● NeutralMajor
A Comstock escrow subsidiary issued $850 million of 9.75% senior notes due 2026, with proceeds held in escrow pending completion of the Arkoma asset contribution and a new credit facility -- the financing piece of the pending recapitalization.
13 July 2018agm notice● Neutral
Comstock filed its proxy statement for the August 10, 2018 annual meeting. Shareholders were asked to approve issuing up to 88,571,429 shares to the Jones entities, adopt new articles, elect nine directors and ratify Ernst & Young.
13 July 2018material agreement● NeutralMajor
Comstock amended its convertible notes' conversion trigger and launched a tender offer for all its outstanding notes plus a planned $850 million new notes offering, laying the groundwork to close the Arkoma recapitalization.
11 July 2018agm notice● Neutral
Comstock obtained commitments from thirteen banks for a new five-year revolving credit facility with an initial $700.0 million borrowing base. It becomes effective when the Jones asset contribution closes, which shareholders vote on at the August 10, 2018 annual meeting.