24 May 2006securities registration● Neutral
MARINER ENERGY INC filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 May 2006director interest notice● Neutral
MARINER ENERGY INC VP- Reservoir Engineering Richard A Molohon received 14,500 shares as part of the equity award.
23 May 2006director interest notice● Neutral
Richard A Molohon became a MARINER ENERGY INC VP - Reservoir Engineering and company insider (initial ownership filing).
16 May 2006securities registration● Neutral
MARINER ENERGY INC amended an already-effective registration statement.
15 May 2006director interest notice● Neutral
Richard A Molohon became a MARINER ENERGY INC VP - Reservoir Engineering and company insider (initial ownership filing).
11 May 2006director interest notice● Neutral
MARINER ENERGY INC Sr VP & Chief Expl. Officer Den Bold Mike C Van received 53,475 shares as part of the equity award.
11 May 2006director interest notice● Neutral
MARINER ENERGY INC Chief Operating Officer Dalton F Polasek received 75,274 shares as part of the equity award.
11 May 2006director interest notice● Neutral
MARINER ENERGY INC Sr. VP, Gen. Cnsl. & Secretary Teresa G Bushman received 32,017 shares as part of the equity award.
11 May 2006director interest notice● Neutral
MARINER ENERGY INC VP - Deepwater Cory L Loegering received 26,345 shares as part of the equity award.
11 May 2006director interest notice● Neutral
MARINER ENERGY INC Chairman, CEO and President Scott D Josey received 134,649 shares as part of the equity award.
11 May 2006director interest notice● Neutral
MARINER ENERGY INC Sr. VP - Shelf & Onshore Judd A Hansen received 40,192 shares as part of the equity award.
11 May 2006director interest notice● Neutral
MARINER ENERGY INC Sr. VP - Corporate Development Jesus G Melendrez received 32,017 shares as part of the equity award.
3 May 2006material agreement● Neutral
The board approved 2005 bonuses and 2006 salary increases for its eight executive officers, including CEO Scott Josey at a $1,200,000 bonus and $475,000 salary (up $100,000). Several officers were promoted to Senior Vice President on April 27, 2006, and an amended employment agreement for Judd Hansen was filed. Executives also agreed, for $1,000 each, to delay vesting of restricted stock until after May 31, 2006, tied to the merger.
25 Apr 2006debt financing● NeutralMajor
Mariner sold $300 million of 7 1/2% Senior Notes due April 15, 2013 (priced to yield 7.75%), larger than the $250 million announced earlier in April, with net proceeds of about $287.8 million used to repay bank credit facility borrowings. The notes are unsecured, guaranteed by domestic subsidiaries, and rank behind the secured bank debt; the indenture limits things like dividends, new debt and asset sales. This completes the bond plan from the prior filing.
13 Apr 2006securities registration● Neutral
MARINER ENERGY INC filed the final prospectus for a registered offering.
13 Apr 2006material agreement● NeutralMajor
Mariner and Forest Oil signed another letter agreement amending the merger transaction agreements, and the lenders raised the borrowing base from $400 million to $430 million. The amendment also lets Mariner issue up to $350 million of unsecured bonds, which automatically cuts the borrowing base (by $55 million for a first issue of $250 million or less). Mariner announced it intends to offer $250 million of senior notes due 2013 to repay bank debt.
4 Apr 2006director interest notice● Neutral
MARINER ENERGY INC director Bernard W Aronson received 3,538 shares as part of the equity award.
4 Apr 2006securities registration● Neutral
MARINER ENERGY INC amended an already-effective registration statement.
4 Apr 2006director interest notice● Neutral
MARINER ENERGY INC director Jonathan J Ginns received 3,538 shares as part of the equity award.
4 Apr 2006director interest notice● Neutral
MARINER ENERGY INC director Alan R Crain Jr. received 2,465 shares as part of the equity award.
4 Apr 2006director interest notice● Neutral
MARINER ENERGY INC director H Clayton Peterson received 2,438 shares as part of the equity award.
13 Mar 2006director interest notice● Neutral
H Clayton Peterson became a MARINER ENERGY INC director and company insider (initial ownership filing).
13 Mar 2006director interest notice● Neutral
MARINER ENERGY INC director H Clayton Peterson received 1,213 shares as part of the equity award.
3 Mar 2006asset acquisition disposition● NeutralMajor
The merger with Forest Oil's Gulf of Mexico business (Forest Energy Resources) closed on March 2, 2006; Mariner issued 50,637,010 shares to the former holders of that business, which became a wholly owned subsidiary renamed Mariner Energy Resources, Inc. Mariner also signed a new credit agreement with a $500 million revolving facility (initial borrowing base $400 million, maturing March 2, 2010) and a $40 million letter of credit facility, secured on substantially all its assets. Shareholders approved the stock plan increase (2.0 million to 6.5 million shares, extended to Oct 12, 2015), and Clayton Peterson joined the board as audit committee chair. This resolves the merger vote and completion threads; the filing says the NYSE listing was approved on completion earlier but does not itself confirm trading.
10 Feb 2006director interest notice● Neutral
Jonathan J Ginns became a MARINER ENERGY INC Director and company insider (initial ownership filing).
10 Feb 2006director interest notice● Neutral
Den Bold Mike C Van became a MARINER ENERGY INC VP & Chief Exploration Officer and company insider (initial ownership filing).
10 Feb 2006securities registration● Neutral
MARINER ENERGY INC filed the final prospectus for a registered offering.
10 Feb 2006director interest notice● Neutral
Judd A Hansen became a MARINER ENERGY INC VP - Shelf & Onshore and company insider (initial ownership filing).
10 Feb 2006director interest notice● Neutral
Teresa G Bushman became a MARINER ENERGY INC VP, Gen. Counsel and Secretary and company insider (initial ownership filing).
10 Feb 2006director interest notice● Neutral
Dalton F Polasek became a MARINER ENERGY INC Chief Operating Officer and company insider (initial ownership filing).