3 Feb 2022director interest notice● Neutral
EARTHSTONE ENERGY INC director Joliat Jay Frederick received 11,900 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Feb 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Mark Lumpkin Jr. acquired 165,675 shares and disposed of 26,593 in a set of related equity transactions.
2 Feb 2022director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Frank Alan Lodzinski acquired 208,075 shares and disposed of 72,518 in a set of related equity transactions.
2 Feb 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Tony Oviedo acquired 165,675 shares and disposed of 26,593 in a set of related equity transactions.
2 Feb 2022director interest notice● Neutral
EARTHSTONE ENERGY INC President and CEO Robert John Anderson acquired 291,650 shares and disposed of 48,346 in a set of related equity transactions.
3 Jan 2022director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Lodzinski Frank Alan had 11,946 shares withheld for taxes on vesting stock.
3 Jan 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Lumpkin Mark Jr. had 5,663 shares withheld for taxes on vesting stock.
3 Jan 2022director interest notice● Neutral
EARTHSTONE ENERGY INC President and CEO Anderson Robert John had 10,063 shares withheld for taxes on vesting stock.
3 Jan 2022director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Oviedo Tony had 5,663 shares withheld for taxes on vesting stock.
29 Dec 2021debt financing● NeutralMajor
On December 24, 2021 Earthstone's lenders amended the credit facility (fifth amendment), raising the borrowing base from $650 million to $825 million unless Earthstone completes a note offering before closing. The amendment depends on closing of a December 15, 2021 purchase agreement with Chisholm Energy, and also adds hedging requirements, adjusts some financial covenants and changes limits on restricted payments (such as payments to owners).
19 Nov 2021securities registration● Neutral
EARTHSTONE ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
5 Nov 2021securities registration● Neutral
EARTHSTONE ENERGY INC registered a securities offering with the SEC using its shelf eligibility.
3 Nov 2021quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $110.4 million and net income of $10.4 million for the period ended 2021-09-30.
3 Nov 2021quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $110.4 million and net income of $10.4 million for the period ended 2021-09-30.
2 Nov 2021asset acquisition disposition▲ GoodMajor
The Foreland and BCC acquisitions announced in October closed on November 2, 2021. Earthstone paid about $39.3 million in cash (less than the $49.2 million at signing, reflecting preliminary adjustments, with final settlement still to come) and issued 2,611,111 Class A shares. Foreland holders get resale registration rights (filing within 60 days) and staged lock-ups of 60, 90 and 120 days; the company calls it its fourth acquisition of the year.
27 Oct 2021substantial holder notice● Neutral
Bold Energy Holdings, LLC, EnCap Energy Capital Fund VII, L.P, EnCap Energy Capital Fund VIII, L.P, EnCap Energy Capital Fund IX, L.P, EnCap Partners GP, LLC reported a EARTHSTONE ENERGY INC shareholding of 40,871,332 shares (48.28% of votes) in a periodic institutional filing.
8 Oct 2021director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Lodzinski Frank Alan sold 50,000 shares at $10.60.
4 Oct 2021capital raising announcement▲ GoodMajor
On September 30, 2021 Earthstone agreed to buy Midland Basin oil and gas assets in Irion and Crockett Counties, Texas from Foreland Investments LP for $23.5 million cash plus about 2.6 million new Class A shares, and well-bore interests from BCC-Foreland LLC for $25.66 million cash (announced Oct 4). The press release puts the combined price at about $73.2 million, with closing expected in Q4 2021 and a December 29, 2021 outside date; this continues the 2021 run of Midland Basin deals (Independence, Tracker/Sequel) and would add new shares for holders.
30 Sept 2021director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Lodzinski Frank Alan had 11,946 shares withheld for taxes on vesting stock.
30 Sept 2021director interest notice● Neutral
EARTHSTONE ENERGY INC President and CEO Anderson Robert John had 10,062 shares withheld for taxes on vesting stock.
30 Sept 2021director interest notice● Neutral
EARTHSTONE ENERGY INC EVP, PAO Oviedo Tony had 5,663 shares withheld for taxes on vesting stock.
30 Sept 2021director interest notice● Neutral
EARTHSTONE ENERGY INC EVP and CFO Lumpkin Mark Jr. had 5,663 shares withheld for taxes on vesting stock.
20 Sept 2021material agreement▲ GoodMajor
Earthstone's lenders raised the credit facility borrowing base from $550 million to $650 million on September 17, 2021, and added provisions for replacing LIBOR and some lender changes. As of August 31, 2021 the company had $286.6 million drawn and about $364.6 million of liquidity after the increase; management attributed the increase to its 2021 drilling, Eagle Ford acquisitions closed in May and June, and better commodity prices.
20 Aug 2021director interest notice● Neutral
EARTHSTONE ENERGY INC Executive Chairman Lodzinski Frank Alan gifted 305,678 shares.
17 Aug 2021securities registration● Neutral
EARTHSTONE ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
4 Aug 2021securities registration● Neutral
EARTHSTONE ENERGY INC registered a securities offering with the SEC using its shelf eligibility.
4 Aug 2021quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $110.4 million and net income of $10.4 million for the period ended 2021-09-30.
4 Aug 2021quarterly activities report● Neutral
EARTHSTONE ENERGY INC reported quarterly revenue of $110.4 million and net income of $10.4 million for the period ended 2021-09-30.
23 July 2021asset acquisition disposition● NeutralMajor
The Tracker and Sequel acquisitions announced in April closed on July 20, 2021, for $67.8 million in cash (after adjustments, still subject to final settlement) and 6.2 million new Class A shares. EnCap, which owned 49% of Tracker, receives its share of the price; an independent audit committee approved the deal with a fairness opinion. At the same meeting, shareholders approved increasing the board from nine to eleven seats (Anderson added as a Class III director) and 2.6 million more shares for the incentive plan; resale registration and 120-day lock-ups for EnCap Fund VIII and ZIP apply to the new shares.
9 July 2021agm notice● Neutral
EARTHSTONE ENERGY INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).