31 Mar 2005substantial holder notice● Neutral
PRIMECAP Management Company reported a PXP PRODUCING CO LLC shareholding of 6,266,096 shares (9.73% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2005substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial PXP PRODUCING CO LLC shareholding (10.67% of votes).
14 Feb 2005substantial holder notice● Neutral
Capital Research and Management Company, The Growth Fund of America, Inc reported a PXP PRODUCING CO LLC shareholding of 5,658,900 shares (8.80% of votes) in a periodic institutional filing.
31 Jan 2005material agreement● Neutral
On January 25, 2005, Pogo's compensation committee extended the employment agreements of eight executive officers, including CEO Paul Van Wagenen, from February 1, 2006 to August 1, 2006. For Van Wagenen, the change-of-control payment formula now uses four times the grant-date value of his latest equity award instead of four times the Black-Scholes value of his latest option grant.
13 Jan 2005substantial holder notice● Neutral
and State Farm Mutual Automobile Insurance Company, and State Farm Life Insurance Company, and State Farm Fire and Casualty Company, and State Farm Insurance Companies Employee Retiremen reported a PXP PRODUCING CO LLC shareholding of 3,180,145 shares (4.93% of votes) in a periodic institutional filing.
22 Dec 2004debt financing● NeutralMajor
On December 16, 2004, Pogo replaced its March 8, 2001 credit agreement with a new revolving credit agreement of up to $750 million, maturing December 16, 2009, with a borrowing base currently $900 million. Pogo borrowed $350 million, using part to repay the old facility, and on December 21 borrowed another $190 million to fund part of the purchase price of an oil and gas property acquisition done by stock purchase. The filing does not name the acquisition target.
10 Aug 2004substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial PXP PRODUCING CO LLC shareholding (8.69% of votes).
29 Apr 2004dividend declaration● Neutral
On April 26, 2004, Pogo amended its shareholder rights plan (originally adopted April 26, 1994) to extend its expiry to April 25, 2014 and to record Computershare as rights agent in place of Harris Trust. The plan lets holders buy extra shares at a discount if anyone acquires 20% or more of the stock without board approval, which the filing says can discourage takeovers. The plan is the same one that earlier excluded the former NORIC shareholders from 'Acquiring Person' status.
13 Feb 2004substantial holder notice● Neutral
Capital Research and Management Company reported a PXP PRODUCING CO LLC shareholding of 4,858,900 shares (7.60% of votes) in a periodic institutional filing.
2 Feb 2004substantial holder notice● Neutral
and State Farm Mutual Automobile Insurance Company, and State Farm Life Insurance Company, and State Farm Fire and Casualty Company, and State Farm Insurance Companies Employee Retiremen reported a PXP PRODUCING CO LLC shareholding of 3,180,145 shares (4.98% of votes) in a periodic institutional filing.
1 Aug 2003director interest notice● Neutral
PXP PRODUCING CO LLC Chairman, President & CEO Waganen Paul G Van received 25,000 shares as part of the equity award.
1 Aug 2003director interest notice● Neutral
PXP PRODUCING CO LLC Exec VP & Western Regional Mgr Jerry A Cooper received 10,000 shares as part of the equity award.
18 July 2003director interest notice● Neutral
Stephen A Wells became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
23 June 2003director interest notice● Neutral
Carroll W Suggs became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
20 June 2003director interest notice● Neutral
Carroll W Suggs became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
20 June 2003director interest notice● Neutral
Gerrit W Dr Gong became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
20 June 2003director interest notice● Neutral
Robert H Campbell became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
20 June 2003director interest notice● Neutral
Stephen A Wells became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
20 June 2003director interest notice● Neutral
William L Dr Fisher became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
20 June 2003director interest notice● Neutral
Jerry M Armstrong became a PXP PRODUCING CO LLC director and company insider (initial ownership filing).
13 Feb 2003substantial holder notice● Neutral
American Express Financial Corporation S.S. or I.R.S. Identification disclosed a new substantial PXP PRODUCING CO LLC shareholding (4.60% of votes).
13 Feb 2003substantial holder notice● Neutral
Capital Research and Management Company reported a PXP PRODUCING CO LLC shareholding of 4,331,200 shares (7.10% of votes) in a periodic institutional filing.
10 Feb 2003substantial holder notice● Neutral
and State Farm Mutual Automobile Insurance Company, and State Farm Life Insurance Company, and State Farm Fire and Casualty Company, and State Farm Insurance Companies Employee Retiremen reported a PXP PRODUCING CO LLC shareholding of 3,180,145 shares (5.21% of votes) in a periodic institutional filing.
9 Aug 2002substantial holder notice● Neutral
PRIMECAP Management Company reported a PXP PRODUCING CO LLC shareholding of 5,852,050 shares (9.63% of votes) in a periodic institutional filing.
17 May 2002auditor change● Neutral
On May 17, 2002, the administrative board of Pogo's Tax-Advantaged Savings Plan (the employee savings plan, not the company itself) dismissed Arthur Andersen LLP and appointed PricewaterhouseCoopers LLP as the Plan's accountants. Andersen's reports on the Plan for 1999 and 2000 had no adverse or qualified opinions, and no disagreements are reported. This mirrors the company's own switch to PwC announced in April 2002.
17 Apr 2002auditor change● Neutral
On April 15, 2002, Pogo dismissed Arthur Andersen LLP and appointed PricewaterhouseCoopers LLP as its auditor, on the audit committee's recommendation after seeking proposals from accountants. Andersen's reports on 2000 and 2001 had no adverse or qualified opinions, and the filing reports no disagreements.
27 Mar 2002substantial holder notice● Neutral
Trustees of the Trust under Agreement dated August, Trustees of the Trust under Agreement dated July, Trustees of the Trust under the Will of Robert Walton Goelet for the benefit of, Trustees of the Trust under the Will of Robert Walton Goelet f/b/o Robert G. Goe, Trustees of the Trust under Agreement dated December, Trustees of the Trust under the Will of Robert Walton Goelet f/b/o John Goelet, RGG Limited Partnership, John H. Manice, Trustees of the Trust under Agreement dated September, Robert G. Manice, Robert G. Manice, as custodian for Henry W. Manice under the New York Uniform Tr, Robert G. Manice, as custodian for Emily P. Manice under the New York Uniform Tr, Robert G. Manice, as custodian for Harriet W. Manice under the New York Uniform, Amelia M. Berkowitz, Pamela Manice, Robert G. Goelet, Philip Goelet, Christopher Goelet, Gilbert Kerlin, Windward Oil & Gas Corporation, Arthur N. Field, Alexandra Gardiner Goelet, Robert Gardiner Goelet, Alexandra C. Goelet, Henrietta Goelet, Edmond de La Haye Jousselin, Robert S. Rich, Goelet, LLC reported a PXP PRODUCING CO LLC shareholding of 5,154,948 shares (9.60% of votes) in a periodic institutional filing.
11 Feb 2002substantial holder notice● Neutral
Capital Research and Management Company reported a PXP PRODUCING CO LLC shareholding of 4,494,300 shares (8.40% of votes) in a periodic institutional filing.
7 Feb 2002substantial holder notice● Neutral
and State Farm Mutual Automobile Insurance Company, and State Farm Life Insurance Company, and State Farm Fire and Casualty Company, and State Farm Insurance Companies Employee Retiremen reported a PXP PRODUCING CO LLC shareholding of 3,180,145 shares (5.92% of votes) in a periodic institutional filing.
7 Feb 2002substantial holder notice● Neutral
American Express Financial Corporation S.S. or I.R.S. Identification disclosed a new substantial PXP PRODUCING CO LLC shareholding (5.20% of votes).