21 Sept 2022securities registration● Neutral
EARTHSTONE ENERGY INC filed a prospectus supplement covering resales by selling shareholders.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Sept 2022securities registration● Neutral
EARTHSTONE ENERGY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
22 Aug 2022substantial holder notice● Neutral
WP IRH Holdings, L.P, WP Energy IRH Holdings, L.P, WP Energy Partners IRH Holdings, L.P, WP Energy Chisholm Holdings, L.P, WP Energy Partners Chisholm Holdings, L.P, WP XII Chisholm Holdings, L.P, Warburg Pincus & Company US, LLC, Warburg Pincus LLC disclosed a new substantial EARTHSTONE ENERGY INC shareholding (3.11% of votes).
19 Aug 2022director interest notice● Neutral
EARTHSTONE ENERGY INC 10%+ owner Warburg Pincus Private Equity (e&p) Xi-a, L.p. sold 6,700,000 shares at $0.00.
19 Aug 2022director interest notice● Neutral
EARTHSTONE ENERGY INC 10%+ owner Warburg Pincus Partners II (us), L.p. sold 6,700,000 shares at $0.00.
19 Aug 2022director interest notice● Neutral
EARTHSTONE ENERGY INC 10%+ owner Wp Energy Chisholm Holdings, L.p. sold 6,700,000 shares at $0.00.
19 Aug 2022director interest notice● Neutral
EARTHSTONE ENERGY INC 10%+ owner Warburg Pincus (e&p) Xii, L.p. sold 6,700,000 shares at $0.00.
11 Aug 2022asset acquisition disposition● NeutralMajor
On August 10, 2022 Earthstone closed the two Titus acquisitions of Delaware Basin, New Mexico leases, paying about $575 million in cash (subject to final settlement) and issuing 3,857,015 Class A shares; $64.5 million of the cash is held in escrow. This completes the pending Titus deal from the open threads. The same filing amends the credit facility, raising the borrowing base from $1.4 billion to $1.7 billion and elected commitments from $800 million to $1.2 billion, including a $250 million term loan at Term SOFR plus 3.25%. Titus sellers' shares carry a registration rights agreement (resale filing within 15 days) and lock-ups (50% for 30 days, the rest for 60 days).
4 Aug 2022quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $531.5 million and net income of $211.5 million for the period ended 2022-09-30.
4 Aug 2022quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $531.5 million and net income of $211.5 million for the period ended 2022-09-30.
1 Aug 2022material agreement● Neutral
On August 1, 2022, Earthstone, EnCap and the Warburg parties amended the February 2022 voting agreement to eliminate Warburg's right to designate a director to Earthstone's board. This reverses the right Warburg had kept under the earlier agreement.
1 Aug 2022substantial holder notice● Neutral
WP IRH Holdings, L.P, WP Energy IRH Holdings, L.P, WP Energy Partners IRH Holdings, L.P, WP Energy Chisholm Holdings, L.P, WP Energy Partners Chisholm Holdings, L.P, WP XII Chisholm Holdings, L.P, Warburg Pincus & Company US, LLC, Warburg Pincus LLC reported a EARTHSTONE ENERGY INC shareholding of 4,412,703 shares (4.20% of votes) in a periodic institutional filing.
15 July 2022securities registration● Neutral
EARTHSTONE ENERGY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
15 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Lodzinski Frank Alan sold 26,132 shares at $11.05.
15 July 2022securities registration● Neutral
EARTHSTONE ENERGY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
11 July 2022director interest notice● Neutral
Swanson Douglas E Jr. became a EARTHSTONE ENERGY INC director and company insider (initial ownership filing).
8 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC director Joliat Jay Frederick bought 20,237 shares on the open market at $11.66.
8 July 2022substantial holder notice● Neutral
Cypress Investments, LLC, Post Oak Energy Capital, LP, Post Oak Energy Holding, LLC reported a EARTHSTONE ENERGY INC shareholding of 10,017,213 shares (9.60% of votes) in a periodic institutional filing.
8 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC director Cypress Investments, LLC exercised stock options for 5,405,405 shares and disposed of 60,000 shares.
7 July 2022substantial holder notice● Neutral
Bold Energy Holdings, LLC, EnCap Energy Capital Fund VIII, L.P, EnCap Energy Capital Fund IX, L.P, EnCap Energy Capital Fund XI, L.P, EnCap Partners GP, LLC reported a EARTHSTONE ENERGY INC shareholding of 56,079,344 shares (40.55% of votes) in a periodic institutional filing.
7 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC director Encap Partners Gp, LLC exercised stock options for 19,819,820 shares and disposed of 220,000 shares.
5 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Oviedo Tony had 4,573 shares withheld for taxes on vesting stock.
5 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC President and CEO Anderson Robert John had 7,972 shares withheld for taxes on vesting stock.
5 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Lodzinski Frank Alan had 2,342 shares withheld for taxes on vesting stock.
5 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Lumpkin Mark Jr. had 4,573 shares withheld for taxes on vesting stock.
5 July 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and COO Collins Steven C. had 4,573 shares withheld for taxes on vesting stock.
5 July 2022securities registration● Neutral
EARTHSTONE ENERGY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
5 July 2022listing compliance notice▼ Bad
EARTHSTONE ENERGY INC withdrew a registration statement, abandoning the offering it covered.
1 July 2022securities registration● Neutral
EARTHSTONE ENERGY INC registered a securities offering with the SEC using its shelf eligibility.
29 June 2022capital raising announcement● NeutralMajor
On June 27, 2022 Earthstone agreed to buy two sets of Northern Delaware Basin (New Mexico) oil and gas assets from Titus I and Titus II: about $270 million cash plus 1,811,132 Class A shares, and about $305 million cash plus 2,047,811 shares, respectively. Deposits of about $18.8 million and $21.2 million were placed in escrow. Closing is expected in the third quarter of 2022, subject to conditions including NYSE listing of the shares and antitrust waiting period expiry. Lock-ups would free 50% of the shares after 30 days and the rest after 60 days. This is a new acquisition thread following the Bighorn and Chisholm deals.