12 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC CEO Lodzinski Frank Alan gifted 29,024 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Ray J Jr. Singleton had 3,814 shares withheld for taxes on vesting stock.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Anderson Robert John had 3,419 shares withheld for taxes on vesting stock.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Anderson Robert John had 4,984 shares withheld for taxes on vesting stock.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC CEO Frank Alan Lodzinski acquired 14,512 shares and disposed of 25,000 in a set of related equity transactions.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Oviedo Tony had 1,368 shares withheld for taxes on vesting stock.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Oviedo Tony had 1,368 shares withheld for taxes on vesting stock.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Ray J Jr. Singleton had 3,478 shares withheld for taxes on vesting stock.
2 Feb 2018director interest notice● Neutral
EARTHSTONE ENERGY INC CEO Lodzinski Frank Alan had 10,488 shares withheld for taxes on vesting stock.
9 Jan 2018director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Lumpkin Mark Jr. had 4,276 shares withheld for taxes on vesting stock.
27 Dec 2017asset acquisition disposition● NeutralMajor
The Bakken sale to Statoil closed Dec 20, 2017 for net proceeds of about $26.7 million after $0.3 million of adjustments. $25.0 million went to repay credit facility borrowings and $1.7 million was kept as cash. This resolves the sale agreed in November. The filing also includes pro forma financial statements reflecting the sale and the Bold transaction, and re-files earlier Bold financial statements by reference, closing out that open item.
21 Dec 2017agm notice● Neutral
EARTHSTONE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
8 Dec 2017director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Lumpkin Mark Jr. received 10,000 shares as part of the equity award.
8 Dec 2017director interest notice● Neutral
EARTHSTONE ENERGY INC director Joliat Jay Frederick received 13,000 shares as part of the equity award.
8 Dec 2017director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Oviedo Tony received 20,000 shares as part of the equity award.
8 Dec 2017director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Anderson Robert John received 100,000 shares as part of the equity award.
8 Dec 2017director interest notice● Neutral
EARTHSTONE ENERGY INC director Urban Zachary G. received 13,000 shares as part of the equity award.
8 Dec 2017director interest notice● Neutral
EARTHSTONE ENERGY INC CEO Lodzinski Frank Alan received 150,000 shares as part of the equity award.
4 Dec 2017material agreement▲ GoodMajor
On Dec 1, 2017 the lenders raised the borrowing base on the May 2017 credit facility from $150.0 million to $185.0 million, and the company amended the agreement. The amendment also allows sales of oil and gas property above 5% of proved developed producing reserves (subject to a borrowing base redetermination) and gives more hedging flexibility. The press release says the $185 million base will not be reduced when the Bakken sale closes.
22 Nov 2017agm notice● Neutral
EARTHSTONE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
20 Nov 2017material agreement● NeutralMajor
A subsidiary agreed on Nov 16, 2017 to sell all of its Bakken assets to Statoil Oil & Gas LP for about $27.0 million, effective Dec 1, 2017, with closing expected by year-end 2017. These are the non-operated North Dakota assets in the Williston Basin; management says it is shifting emphasis to the Midland Basin.
3 Nov 2017quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $31.3 million and net income of $1.6 million for the period ended 2017-09-30.
2 Nov 2017quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $31.3 million and net income of $1.6 million for the period ended 2017-09-30.
23 Oct 2017material agreement● NeutralMajor
On October 18, 2017, Earthstone priced an underwritten offering of 4,500,000 Class A shares at $9.25 each (closed October 23, 2017), with net proceeds of about $39.2 million. The money is to repay borrowings on its revolving credit facility, the one set up at the Bold closing. Underwriters also have a 30-day option for up to 675,000 more shares, and the company agreed not to sell more stock for 60 days without consent; this adds shares for existing holders.
20 Oct 2017securities registration● Neutral
EARTHSTONE ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
20 Oct 2017securities registration● Neutral
EARTHSTONE ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
18 Oct 2017securities registration● Neutral
EARTHSTONE ENERGY INC filed the final prospectus for a registered offering.
11 Oct 2017securities registration● Neutral
EARTHSTONE ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
23 Aug 2017director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Lumpkin Mark Jr. received 40,000 shares as part of the equity award.
23 Aug 2017director interest notice● Neutral
Lumpkin Mark Jr. became a EARTHSTONE ENERGY INC EVP and CFO and company insider (initial ownership filing).