17 July 2019substantial holder notice● Neutral
Morgan Stanley I.R.S. # disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (5.00% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 July 2019debt financing● Neutral
Amendment No. 7 (June 27, 2019) raised lender commitments from $650 million to $900 million, while cutting the borrowing base from $1.2 billion to $1.1 billion. It also doubled the permitted letters of credit from $50 million to $100 million, raised the oil marketer's letter of credit sublimit from $35 million to $40 million, and lifted the permitted investments limit from $15 million to $20 million.
2 May 2019quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $221.9 million and a net loss of $94.0 million for the period ended 2019-03-31.
2 May 2019quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $221.9 million and a net loss of $94.0 million for the period ended 2019-03-31.
10 Apr 2019substantial holder notice● Neutral
BlackRock, Inc reported a Extraction Oil & Gas, Inc. shareholding of 11,456,465 shares (6.50% of votes) in a periodic institutional filing.
8 Apr 2019listing compliance notice▼ Bad
Extraction Oil & Gas, Inc. withdrew a registration statement, abandoning the offering it covered.
21 Feb 2019securities registration● Neutral
Extraction Oil & Gas, Inc. registered a securities offering with the SEC using its shelf eligibility.
21 Feb 2019securities registration● Neutral
Extraction Oil & Gas, Inc. amended its automatic shelf registration statement.
21 Feb 2019quarterly activities report● Neutral
Extraction Oil & Gas, Inc. reported quarterly revenue of $288.2 million and net income of $99.9 million for the period ended 2018-12-31.
21 Feb 2019securities registration● Neutral
Extraction Oil & Gas, Inc. amended an already-effective registration statement.
14 Feb 2019substantial holder notice● Neutral
Capital World Investors ** disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (6.60% of votes).
14 Feb 2019substantial holder notice● Neutral
Point, Cubist Systematic Strategies, LLC, Steven A. Cohen reported a Extraction Oil & Gas, Inc. shareholding of 6,596,612 shares (3.70% of votes) in a periodic institutional filing.
14 Feb 2019substantial holder notice● Neutral
Luminus Management, LLC, Luminus Energy Partners Master Fund, Ltd, Jonathan Barrett disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (6.35% of votes).
13 Feb 2019substantial holder notice● Neutral
OZ Management LP, Och-Ziff Holding Corporation, Och-Ziff Capital Management Group LLC, Daniel S. Och reported a Extraction Oil & Gas, Inc. shareholding of 7,220,901 shares (4.00% of votes) in a periodic institutional filing.
12 Feb 2019substantial holder notice● Neutral
Morgan Stanley I.R.S. # reported a Extraction Oil & Gas, Inc. shareholding of 8,727,997 shares (4.90% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a Extraction Oil & Gas, Inc. shareholding of 11,417,934 shares (6.50% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a Extraction Oil & Gas, Inc. shareholding of 7,052,456 shares (4.00% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a Extraction Oil & Gas, Inc. shareholding of 4,956,835 shares (2.80% of votes) in a periodic institutional filing.
14 Jan 2019debt financing● Neutral
Amendment No. 6 (Jan 8, 2019) lets the company prepay and redeem its unsecured bonds, subject to conditions and financial thresholds. The filing does not say whether any redemption is planned.
31 Dec 2018substantial holder notice● Neutral
Morgan Stanley I.R.S. # disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (5.00% of votes).
26 Dec 2018debt financing▲ GoodMajor
On December 20, 2018 the borrowing base on the credit facility was raised to $1.2 billion, up from $800 million set in May 2018. Lender commitments stayed at $650 million, so the larger base does not itself add borrowing capacity beyond that. This is the redetermination that Amendment No. 5 had postponed to December 15 (inference: the timing matches).
6 Nov 2018quarterly activities report● Neutral
Extraction Oil & Gas, Inc. reported quarterly revenue of $282.2 million and net income of $65.2 million for the period ended 2018-09-30.
6 Nov 2018quarterly activities report● Neutral
Extraction Oil & Gas, Inc. reported quarterly revenue of $282.2 million and net income of $65.2 million for the period ended 2018-09-30.
6 Nov 2018securities registration● Neutral
Extraction Oil & Gas, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
19 Oct 2018quarterly activities report● Neutral
Extraction Oil & Gas, Inc. reported quarterly revenue of $282.2 million and net income of $65.2 million for the period ended 2018-09-30.
9 Oct 2018debt financing● Neutral
Under Amendment No. 5 (Oct 2, 2018), lenders agreed to push the November 1, 2018 borrowing base review back to December 15, 2018, and the credit agreement now permits the company to make payments on its own equity, subject to conditions and financial thresholds. This delays one of the twice-yearly reviews noted in earlier filings; the filing does not say why.
31 Aug 2018substantial holder notice● Neutral
Point, Cubist Systematic Strategies, LLC, Steven A. Cohen disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (5.20% of votes).
7 Aug 2018quarterly activities report● Neutral
Extraction Oil & Gas, Inc. reported quarterly revenue of $260.2 million and net income of $8.8 million for the period ended 2018-06-30.
7 Aug 2018quarterly activities report● Neutral
Extraction Oil & Gas, Inc. reported quarterly revenue of $260.2 million and net income of $8.8 million for the period ended 2018-06-30.
9 July 2018material agreement▲ GoodMajor
Elevation Midstream, the subsidiary set up as an unrestricted subsidiary in February, sold 150,000 preferred units to GSO EM Holdings LP for a $150.0 million liquidation preference, with an 8% dividend (cash or in kind until June 30, 2020, then cash only). Elevation can require GSO to buy up to $350.0 million more over 28 months, paying a 1.0% annual fee on the undrawn amount. This raises money at the midstream subsidiary rather than through Extraction's common stock.