10 May 2016quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $9.8 million and a net loss of $11.2 million for the period ended 2016-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 May 2016quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $9.8 million and a net loss of $11.2 million for the period ended 2016-06-30.
1 Apr 2016agm 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).
29 Mar 2016business combination● Neutral
On March 29, 2016, Earthstone, Lynden and Merger Sub amended the December 2015 Arrangement Agreement. The changes clarify the mechanics so that Merger Sub acquires Lynden's shares and amalgamates with Lynden, which survives as an Earthstone subsidiary, and they extend Lynden's deadline to hold its special meeting to May 27, 2016. The deal terms in the text are otherwise unchanged and it is still pending.
16 Mar 2016quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $6.8 million and a net loss of $6.4 million for the period ended 2016-03-31.
12 Feb 2016agm 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).
19 Jan 2016director interest notice● Neutral
EARTHSTONE ENERGY INC director Joliat Jay Frederick bought 10,000 shares on the open market at $11.72.
6 Jan 2016substantial holder notice● Neutral
Earthstone Energy, Inc disclosed a new substantial EARTHSTONE ENERGY INC shareholding (23.20% of votes).
17 Dec 2015business combination● NeutralMajor
On December 16, 2015, Earthstone agreed to buy Lynden Energy Corp., a British Columbia company, by issuing about 3.7 million Earthstone shares at 0.02842 of a share per Lynden share (about $0.52 per Lynden share at the Dec 16 close). After closing, Earthstone and Lynden holders are expected to own about 79% and 21% of the combined company. Oak Valley, with about 66% of Earthstone, has consented in writing to the deal. Closing needs Lynden holder approval, a British Columbia court order and NYSE MKT listing approval, and either side can terminate if it is not done by September 30, 2016. This opens a new acquisition thread, and existing holders will be diluted to about 79% (the filing gives these percentages on a fully diluted basis).
4 Dec 2015material agreement● Neutral
On December 1, 2015, Earthstone amended its December 2014 Bank of Texas credit agreement, changing the interest margin rates, the EBITDAX definition and the commitment fee. The lenders reaffirmed the borrowing base at $80.0M, with $11.2M of debt and $0.3M of letters of credit used, and the facility matures December 19, 2018. This continues the Bank of Texas facility set up at the 2014 closing.
13 Nov 2015quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $13.1 million and a net loss of $116.5 million for the period ended 2015-09-30.
12 Nov 2015quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $13.1 million and a net loss of $116.5 million for the period ended 2015-09-30.
18 Aug 2015securities registration● Neutral
EARTHSTONE ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
17 Aug 2015quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $13.1 million and net income of $1.7 million for the period ended 2015-09-30.
13 Aug 2015quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $13.1 million and net income of $1.7 million for the period ended 2015-09-30.
10 Aug 2015securities registration● Neutral
EARTHSTONE ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
29 July 2015securities registration● Neutral
EARTHSTONE ENERGY INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
13 July 2015production update▲ GoodMajor
Earthstone issued an operations update on July 13, 2015. On June 30 it acquired a 50% operated interest in about 970 gross acres and two Austin Chalk wells in Gonzales County, Texas, from an unaffiliated party, with a private company taking the other 50% non-operated. It also raised its 2015 capital budget from $85.0M to $90.0M, continuing a one-rig program with 12 Eagle Ford wells drilled in 2015 versus the four in the March 9 budget. The Reeves Unit #1H Upper Austin Chalk well averaged 411 Boepd (95% oil) for the week ended June 30. This builds on the Eagle Ford development started after the Dec 2014 Oak Valley closing.
2 July 2015securities registration● Neutral
EARTHSTONE ENERGY INC registered a securities offering with the SEC using its shelf eligibility.
10 June 2015material agreement● Neutral
On June 4, 2015, Earthstone and the parties to the October 2014 Flatonia contribution agreement amended it so Flatonia keeps its right to send an observer to board meetings but gives up its alternative right to name a director. The director right can be reinstated if Oak Valley's ownership falls below 50%, if certain management changes occur, on a Change of Control, or on June 1, 2017, whichever comes first.
15 May 2015quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $16.7 million and a net loss of $748 thousand for the period ended 2015-06-30.
14 May 2015quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $16.7 million and a net loss of $748 thousand for the period ended 2015-06-30.
28 Apr 2015director interest notice● Neutral
EARTHSTONE ENERGY INC director Andrew P Calerich exercised stock options for 3,676 shares and disposed of 3,676 shares.
28 Apr 2015director interest notice● Neutral
EARTHSTONE ENERGY INC director Rodgers Richard exercised stock options for 3,676 shares and disposed of 3,676 shares.
28 Apr 2015director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Ray J Jr. Singleton exercised stock options for 443 shares and disposed of 443 shares.
28 Apr 2015director interest notice● Neutral
EARTHSTONE ENERGY INC EVP Ray J Jr. Singleton exercised stock options for 1,964 shares and disposed of 1,964 shares.
28 Apr 2015director interest notice● Neutral
EARTHSTONE ENERGY INC director Robertson Monroe W Jr. exercised stock options for 3,676 shares and disposed of 3,676 shares.
27 Mar 2015quarterly activities report▼ Bad
EARTHSTONE ENERGY INC reported quarterly revenue of $11.3 million and a net loss of $1.1 million for the period ended 2015-03-31.
2 Jan 2015director interest notice● Neutral
Flatonia Energy, LLC became a EARTHSTONE ENERGY INC 10%+ owner and company insider (initial ownership filing).
2 Jan 2015director interest notice● Neutral
Flatonia Energy, LLC became a EARTHSTONE ENERGY INC 10%+ owner and company insider (initial ownership filing).