29 May 2018debt financing▲ Good
Amendment No. 4 raised the credit facility's borrowing base to $800 million as of May 23, 2018 and cut every interest margin on borrowings by 0.50%, lowering the cost of the credit line.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 May 2018securities registration● Neutral
Extraction Oil & Gas, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
8 May 2018quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $230.2 million and a net loss of $52.0 million for the period ended 2018-03-31.
8 May 2018quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $230.2 million and a net loss of $52.0 million for the period ended 2018-03-31.
19 Apr 2018substantial holder notice● Neutral
Luminus Management, LLC, Luminus Energy Partners Master Fund, Ltd, Jonathan Barrett disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (5.01% of votes).
2 Mar 2018material agreement● NeutralMajor
Under Amendment No. 3, lenders consented to Elevation Midstream, LLC becoming an unrestricted subsidiary (outside the credit agreement's restrictions) and to certain assets being transferred to it. The amendment also allows certain debt tied to transportation service agreements with it. Continues the midstream-related steps begun with the March 2017 amendment (inference: that earlier investment is the same project).
1 Mar 2018securities registration● Neutral
Extraction Oil & Gas, Inc. amended an already-effective registration statement.
27 Feb 2018quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $214.0 million and a net loss of $30.6 million for the period ended 2017-12-31.
8 Feb 2018substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial Extraction Oil & Gas, Inc. shareholding (5.09% of votes).
1 Feb 2018substantial holder notice● Neutral
BlackRock, Inc reported a Extraction Oil & Gas, Inc. shareholding of 13,009,290 shares (7.60% of votes) in a periodic institutional filing.
25 Jan 2018debt financing● NeutralMajor
Extraction issued $750 million of 5.625% senior notes due February 1, 2026 at par. A tender offer for its 7.875% notes due 2021 drew $500,574,000 (91.0%) of those notes, paid on January 25, 2018, with another $5,165,000 pending delivery; any notes left will be redeemed on February 17, 2018. Filing doesn't state that the new notes funded the tender (inference: likely related), but this retires the 2021 debt flagged in the August 2017 credit agreement.
19 Jan 2018director interest notice● Neutral
Extraction Oil & Gas, Inc. VP, Chief Accounting Officer Tom L Brock had 387 shares withheld for taxes on vesting stock.
18 Jan 2018director interest notice● Neutral
Extraction Oil & Gas, Inc. Chairman and CEO Mark Erickson disposed of 546,997 shares via option/appreciation-right settlement.
18 Jan 2018quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $214.0 million and a net loss of $30.6 million for the period ended 2017-12-31.
18 Jan 2018director interest notice● Neutral
Extraction Oil & Gas, Inc. President and Director Matthew R Owens disposed of 547,003 shares via option/appreciation-right settlement.
18 Jan 2018director interest notice● Neutral
Extraction Oil & Gas, Inc. Chief Financial Officer Russell T Kelley Jr. disposed of 534,509 shares via option/appreciation-right settlement.
9 Jan 2018debt financing▲ Good
Amendment No. 2 set the borrowing base at $750 million from the November 1, 2017 redetermination, though actual borrowing is still capped by lender commitments of $650 million. It also raised the cap on a letter of credit for a crude oil purchaser from $25 million to $35 million.
22 Dec 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. President and Director Matthew R Owens sold 400,000 shares at $14.80.
20 Nov 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. VP, Gen Counsel & Corp Sec Eric J Christ had 5,997 shares withheld for taxes on vesting stock.
7 Nov 2017quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $180.9 million and a net loss of $29.8 million for the period ended 2017-09-30.
7 Nov 2017quarterly activities report▼ Bad
Extraction Oil & Gas, Inc. reported quarterly revenue of $180.9 million and a net loss of $29.8 million for the period ended 2017-09-30.
19 Oct 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. VP, Chief Accounting Officer Tom L Brock had 9,994 shares withheld for taxes on vesting stock.
13 Oct 2017debt financing▲ Good
An amendment added new lenders and raised the credit facility's borrowing base from $375 million to $525 million, increasing how much the company can borrow against its reserves.
6 Oct 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. Chief Financial Officer Russell T Kelley Jr. received a stock option grant for 131,924 shares.
6 Oct 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. VP, Chief Accounting Officer Tom L Brock received a stock option grant for 62,821 shares.
6 Oct 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. Chairman and CEO Mark Erickson received a stock option grant for 270,130 shares.
6 Oct 2017securities registration● Neutral
Extraction Oil & Gas, Inc. filed the final prospectus for a registered offering.
6 Oct 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. VP, Gen Counsel & Corp Sec Eric J Christ received a stock option grant for 62,821 shares.
6 Oct 2017securities registration● Neutral
Extraction Oil & Gas, Inc. filed the final prospectus for a registered offering.
6 Oct 2017director interest notice● Neutral
Extraction Oil & Gas, Inc. President and Director Matthew R Owens received a stock option grant for 131,924 shares.