5 Jan 2009director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P SVP & Chief Financial Officer Wood Jeffrey P. received 50,000 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Dec 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P VP & Controller, Mids. & Corp. Clamurro Gary D bought 3,000 shares on the open market.
26 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P director Kenneth A Hersh bought 54,926 shares on the open market.
26 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P 10%+ owner Eagle Rock Holdings, L.p. bought 54,926 shares on the open market.
21 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P director Kenneth A Hersh bought 80,000 shares on the open market.
21 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P 10%+ owner Eagle Rock Holdings, L.p. bought 80,000 shares on the open market.
19 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P director Kenneth A Hersh bought 63,600 shares on the open market.
19 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P VP Investor Relations & Treas Elizabeth T Wilkinson sold 2,310 shares at $7.62.
19 Nov 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P 10%+ owner Eagle Rock Holdings, L.p. bought 63,600 shares on the open market.
14 Oct 2008securities registration● Neutral
EAGLE ROCK ENERGY PARTNERS L P filed notice of an exempt private placement.
8 Oct 2008substantial holder notice● Neutral
Barclays PLC disclosed a new substantial EAGLE ROCK ENERGY PARTNERS L P shareholding (6.85% of votes).
3 Oct 2008director interest notice● Neutral
Clamurro Gary D became a EAGLE ROCK ENERGY PARTNERS L P VP & Controller, Mids. & Corp. and company insider (initial ownership filing).
1 Oct 2008asset acquisition disposition● NeutralMajor
Eagle Rock completed the Millennium Midstream Partners acquisition on October 1, 2008 for about $235.5 million: roughly $180.5 million cash plus 4,000,000 new common units (about $55 million, at $13.75 each). $176.4 million was borrowed on the revolver on September 29, using part of the $180 million accordion expansion. The purchase agreement was amended to make any Hurricane Ike damages a retained obligation of MMP and the Sellers. This resolves the pending MMP deal; the press release also says the company bought crude oil put options for 2009 and 2010 to hedge liquids exposure at the two Louisiana plants.
16 Sept 2008substantial holder notice● Neutral
New Mountain Vantage GP, L.L.C, New Mountain Vantage, L.P, New Mountain Vantage Advisers, L.L.C, New Mountain Vantage HoldCo Ltd, Steven B. Klinsky reported a EAGLE ROCK ENERGY PARTNERS L P shareholding of 5,622,692 shares (11.10% of votes) in a periodic institutional filing.
16 Sept 2008capital raising announcement▲ GoodMajor
On September 11, 2008 Eagle Rock agreed to buy Millennium Midstream Partners for $236 million: $181 million cash from its revolver plus 4,000,000 units (valued at $13.75 each in the press release). Closing is expected in October 2008, subject to antitrust waiting periods and other conditions, with an October 31, 2008 end date. MMP has gas gathering lines in East, Central and West Texas plus minority stakes in two Louisiana processing plants. The company expects about $29.2 million of added annual Adjusted EBITDA in 2009 and calls the deal immediately accretive, which are management's statements. The new units will be privately placed. It adds to the 2007-2008 acquisition run.
16 Sept 2008substantial holder notice● Neutral
Lehman Brothers Holdings Inc., Lehman Brothers Inc., LB I Group Inc., Lehman Brothers MLP Opportunity Associates LLC, Lehman Brothers MLP Opportunity Associates LP, Lehman Brothers MLP Opportunity Fund LP of Abo, Lehman Brothers MLP Associates, L.P. of Above, Lehman Brothers MLP Partners, LP of Above Pers reported a EAGLE ROCK ENERGY PARTNERS L P shareholding of 4,975,306 shares (9.60% of votes) in a periodic institutional filing.
15 Sept 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P 10%+ owner Lehman Brothers Holdings INC sold 2,470,992 shares at $11.59.
27 Aug 2008securities registration● Neutral
EAGLE ROCK ENERGY PARTNERS L P filed the final prospectus for a registered offering.
22 Aug 2008securities registration● Neutral
EAGLE ROCK ENERGY PARTNERS L P amended an already-effective registration statement.
15 Aug 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Senior Vice President and CFO Darin G Holderness disposed of 40,000 shares via option/appreciation-right settlement.
9 July 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Senior Vice President Mcnair Stephen O disposed of 24,707 shares via option/appreciation-right settlement.
24 June 2008securities registration● Neutral
EAGLE ROCK ENERGY PARTNERS L P amended an already-effective registration statement.
19 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Sr. Vice Pres. & Chief Fin. Of Darin G Holderness received 40,000 shares as part of the equity award.
16 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Senior Vice President Steven G Hendrickson sold 2,180 shares.
16 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Senior Vice President Puckett William E sold 888 shares.
16 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P CEO and Chairman Joseph A Mills sold 7,520 shares.
16 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Sr. Vice Pres.and Gen. Counsel Boettcher Charles C sold 4,385 shares at $17.17.
16 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P Senior Vice President Mcnair Stephen O sold 1,070 shares.
15 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P director Philip B Smith received 3,500 shares as part of the equity award.
15 May 2008director interest notice● Neutral
EAGLE ROCK ENERGY PARTNERS L P director William A Smith received 3,500 shares as part of the equity award.