7 Feb 2017substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC disclosed a new substantial Permian Resources Corp shareholding (5.70% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Feb 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
19 Jan 2017securities registration● Neutral
Permian Resources Corp registered a securities offering with the SEC.
4 Jan 2017debt financing● Neutral
In connection with closing the Silverback acquisition, Centennial's operating subsidiary amended its credit agreement with JPMorgan Chase, formalizing terms tied to the newly closed deal.
4 Jan 2017securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
30 Dec 2016director interest notice● Neutral
Permian Resources Corp 10%+ owner Non-eci Usrpi Aiv, L.P. Riverstone acquired 3,473,590 shares at $1824.77 under a company stock plan.
30 Dec 2016director interest notice● Neutral
Permian Resources Corp 10%+ owner Rel Us Centennial Holdings, LLC acquired 3,473,590 shares at $1824.77 under a company stock plan.
30 Dec 2016substantial holder notice● Neutral
Silver Run Sponsor, LLC, Silver Run Sponsor Manager, LLC, Riverstone 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, David M. Leuschen, Pierre F. Lapeyre, Jr reported a Permian Resources Corp shareholding of 101,199,780 shares (49.10% of votes) in a periodic institutional filing.
29 Dec 2016securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
29 Dec 2016asset acquisition disposition▲ GoodMajor
Centennial closed its roughly $855 million acquisition of Reeves County, Texas leasehold and upstream assets from Silverback Exploration, funded by a $910 million private placement of equity (including $430 million from Riverstone) alongside an increased borrowing base on its revolving credit facility.
27 Dec 2016director interest notice● Neutral
Rel Us Centennial Holdings, LLC became a Permian Resources Corp 10%+ owner and company insider (initial ownership filing).
27 Dec 2016director interest notice● Neutral
Non-eci Usrpi Aiv, L.P. Riverstone became a Permian Resources Corp 10%+ owner and company insider (initial ownership filing).
27 Dec 2016substantial holder notice● Neutral
Silver Run Sponsor, LLC, Silver Run Sponsor Manager, LLC, Riverstone Centennial Holdings, L.P, Riverstone VI REL Holdings GP, LLC, Riverstone 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, David M. Leuschen, Pierre F. Lapeyre, Jr reported a Permian Resources Corp shareholding of 79,585,000 shares (41.60% of votes) in a periodic institutional filing.
19 Dec 2016director interest notice● Neutral
Permian Resources Corp director Maire A. Baldwin received 11,217 shares as part of the equity award.
19 Dec 2016director interest notice● Neutral
Permian Resources Corp director Karl E. Bandtel received 11,217 shares as part of the equity award.
19 Dec 2016director interest notice● Neutral
Permian Resources Corp 10%+ owner Riverstone Centennial Holdings, L.P. disposed of 81,005,000 shares via option/appreciation-right settlement.
19 Dec 2016director interest notice● Neutral
Permian Resources Corp director Jeffrey Tepper received 11,217 shares as part of the equity award.
5 Dec 2016capital raising announcement● NeutralMajor
Centennial signed agreements with outside investors to buy 33,012,380 new Class A shares at $14.54 each, about $480 million, to help fund the pending Silverback acquisition. Together with the Riverstone commitment, the press release puts total equity commitments at $910 million, with Riverstone and affiliates taking $430 million in common and convertible preferred. Closing is expected on or before December 30, 2016 and depends on the Silverback deal closing. A 2% fee goes to the placement agents and 2% to a Riverstone affiliate. This continues the Silverback financing; the new shares dilute existing holders (an inference).
5 Dec 2016securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
1 Dec 2016securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
1 Dec 2016capital raising announcement● NeutralMajor
Centennial agreed to take over a Riverstone affiliate's contract to buy Silverback Exploration's Reeves County, Texas leasehold and related assets for $855 million cash, with closing expected December 30, 2016. To help pay, a Riverstone affiliate agreed to buy up to about $400 million (plus up to about $100 million more) of Class A shares and non-voting convertible Series B preferred at $14.54 per share, and Centennial will reimburse a $50 million deposit and pay a fee of at least $8 million. Series B converts at 250-to-1 into Class A once stockholders approve. This is a new acquisition thread following the Centennial deal, and share issuance dilutes existing holders (an inference from the new issuance).
28 Nov 2016securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
25 Nov 2016securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
25 Nov 2016auditor change● NeutralMajor
Newly renamed Centennial Resource Development dismissed WithumSmith+Brown and engaged KPMG (which had already audited Centennial Resource Production's own books) as its independent auditor, with no disagreements over accounting matters.
23 Nov 2016securities registration● Neutral
Permian Resources Corp filed the final prospectus for a registered offering.
16 Nov 2016securities registration● Neutral
Permian Resources Corp amended a filing by which it registered a securities offering with the SEC.
10 Nov 2016asset acquisition disposition▲ GoodMajor
Centennial Resource Development filed an 8-K/A after the October 11, 2016 closing of its acquisition of about 89% of Centennial Resource Production. It added CRP's unaudited nine-month 2016 financials, updated management discussion and pro forma combined statements.
10 Nov 2016substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC reported a Permian Resources Corp shareholding of 5,167,214 shares (3.10% of votes) in a periodic institutional filing.
31 Oct 2016director interest notice● Neutral
Permian Resources Corp CFO, Treasurer, Asst Secretary George S. Glyphis received a stock option grant for 250,000 shares.
31 Oct 2016director interest notice● Neutral
Permian Resources Corp VP, Chief Accounting Officer Jamie L Wheat received a stock option grant for 75,000 shares.