9 June 2017asset acquisition disposition▲ GoodMajor
Centennial completed its roughly $350 million acquisition of Northern Delaware Basin properties from GMT Exploration, funded by a concurrent private stock placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 June 2017director interest notice● Neutral
Permian Resources Corp Chief Operating Officer Sean R. Smith bought 10,000 shares on the open market at $15.05.
6 June 2017director interest notice● Neutral
Permian Resources Corp CFO, Treasurer, Asst Secretary George S. Glyphis bought 10,000 shares on the open market at $15.02.
30 May 2017director interest notice● Neutral
Permian Resources Corp 10%+ owner Non-eci Usrpi Aiv, L.P. Riverstone exercised stock options for 26,100,000 shares and disposed of 104,400 shares.
30 May 2017director interest notice● Neutral
Permian Resources Corp 10%+ owner Rel Us Centennial Holdings, LLC exercised stock options for 26,100,000 shares and disposed of 104,400 shares.
30 May 2017director interest notice● Neutral
Permian Resources Corp 10%+ owner Riverstone Management Group, L.L.C. exercised stock options for 26,100,000 shares and disposed of 104,400 shares.
11 May 2017quarterly activities report● Neutral
Permian Resources Corp reported quarterly revenue of $61.1 million for the period ended 2017-03-31.
10 May 2017substantial holder notice● Neutral
Silver Run Sponsor, LLC, Silver Run Sponsor Manager, LLC, REL US Centennial Holdings, LLC, REL IP General Partner LP, REL IP General Partner Limited, Riverstone Energy Limited Investment Holdings, LP, Riverstone Non-ECI USRPI AIV, L.P, Riverstone Non-ECI USRPI AIV GP, L.L.C, Riverstone Non-ECI GP Cayman LLC, Riverstone Non-ECI GP Ltd, Riverstone VI Centennial QB Holdings, L.P, Riverstone Energy Partners VI, L.P, Riverstone Energy GP VI, LLC, Riverstone Energy GP VI Corp, Riverstone Holdings LLC, Riverstone/Gower Mgmt Co Holdings, L.L.C, Riverstone Management Group, L.L.C, David M. Leuschen, Pierre F. Lapeyre, Jr reported a Permian Resources Corp shareholding of 125,088,701 shares (52.10% of votes) in a periodic institutional filing.
10 May 2017quarterly activities report● Neutral
Permian Resources Corp reported quarterly revenue of $61.1 million for the period ended 2017-03-31.
10 May 2017director interest notice● Neutral
Riverstone Management Group, L.L.C. became a Permian Resources Corp 10%+ owner and company insider (initial ownership filing).
5 May 2017capital raising announcement● NeutralMajor
Centennial agreed to sell 23,500,000 new Class A shares at $14.50 each (about $341 million) to investors in a private placement. The money is meant to fund its pending purchase of GMT Exploration assets, and the sale closes only if that acquisition closes (expected around June 8, 2017). The agreements lapse if not closed by June 30, 2017 (extendable to July 15). This adds to the share count, so it dilutes existing holders, while funding the GMT deal noted in the context.
1 May 2017debt financing▲ GoodMajor
Centennial agreed to buy undeveloped and producing oil and gas properties in the Northern Delaware Basin from GMT Exploration for about $350 million, marking its strategic entry into that area and raising its 2020 oil production target to 60,000 bbl/d.
21 Apr 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
11 Apr 2017securities registration● Neutral
Permian Resources Corp amended an already-effective registration statement.
11 Apr 2017securities registration● Neutral
Permian Resources Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
6 Apr 2017capital raising announcement● Neutral
Centennial (then trading as CDEV) reported that its redemption of the warrants sold in its 2016 IPO is finished: about 99.4% (16,570,000) were exercised without cash, producing 6,234,966 new Class A shares. The remaining 96,643 warrants were redeemed at $0.01 each, so no public warrants are outstanding, and the new shares were under 1% of the 201,882,082 Class A shares outstanding as of March 7, 2017.
31 Mar 2017listing compliance notice● NeutralMajor
Permian Resources Corp's exchange filed to remove a class of its securities from listing.
28 Mar 2017director interest notice● Neutral
Brent P Jensen became a Permian Resources Corp VP, Chief Accounting Officer and company insider (initial ownership filing).
28 Mar 2017director interest notice● Neutral
Permian Resources Corp VP, Chief Accounting Officer Brent P Jensen received 54,837 shares and a 125,000-share option grant as part of the equity award.
23 Mar 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
23 Mar 2017securities registration● Neutral
Permian Resources Corp amended an already-effective registration statement.
22 Mar 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
2 Mar 2017director interest notice● Neutral
Permian Resources Corp Chief Operating Officer Sean R. Smith received 11,540 shares as part of the equity award.
2 Mar 2017director interest notice● Neutral
Permian Resources Corp CEO Mark G Papa received 32,698 shares as part of the equity award.
2 Mar 2017director interest notice● Neutral
Permian Resources Corp CFO, Treasurer, Asst Secretary George S. Glyphis received 10,490 shares as part of the equity award.
27 Feb 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
14 Feb 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
14 Feb 2017substantial holder notice● Neutral
MSD Partners, L.P, MSD Energy Partners, L.P, MSD Capital, L.P, Orange Marlin Investments, L.P, Michael S. Dell reported no remaining Permian Resources Corp shareholding in its periodic institutional filing.
13 Feb 2017substantial holder notice● Neutral
Capital World Investors ** disclosed a new substantial Permian Resources Corp shareholding (8.20% of votes).
10 Feb 2017director interest notice● Neutral
Permian Resources Corp CEO Mark G Papa received a stock option grant for 1,000,000 shares.