31 July 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $156.0 million and net income of $6.8 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 May 2014material agreement▲ GoodMajor
On May 5, 2014 the company agreed to sell a 36% interest in its roughly 8,300-acre Fasken Eagle Ford position in Webb County, Texas to a US subsidiary of PT Saka Energi Indonesia for $175 million: $125 million in cash at closing plus a $50 million carry of future development costs. Closing was expected around June 30, 2014; the company expected about $150 million in cash at closing after adjustments and would stay operator. The company said proceeds would go to general corporate purposes and to reduce bank credit facility borrowings, with the $450 million borrowing base falling by $34.2 million at closing. It also raised 2014 capital spending guidance to $350-$400 million from $300-$350 million. This is a new partnership (Saka, guaranteed by parent PGN) in a core asset.
2 May 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $144.2 million and net income of $5.4 million for the period ended 2014-03-31.
1 May 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $144.2 million and net income of $5.4 million for the period ended 2014-03-31.
14 Feb 2014substantial holder notice● Neutral
EARNEST Partners, LLC reported a SILVERBOW RESOURCES, INC. shareholding of 3,466,570 shares (8.00% of votes) in a periodic institutional filing.
12 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a SILVERBOW RESOURCES, INC. shareholding of 2,651,328 shares (6.10% of votes) in a periodic institutional filing.
11 Feb 2014substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Templeton Investments Corp disclosed a new substantial SILVERBOW RESOURCES, INC. shareholding (9.90% of votes).
30 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a SILVERBOW RESOURCES, INC. shareholding of 3,911,997 shares (9.00% of votes) in a periodic institutional filing.
31 Oct 2013quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $150.9 million and net income of $7.4 million for the period ended 2013-09-30.
31 Oct 2013quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $150.9 million and net income of $7.4 million for the period ended 2013-09-30.
1 Aug 2013quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $144.1 million and net income of $7.5 million for the period ended 2013-06-30.
1 Aug 2013quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $144.1 million and net income of $7.5 million for the period ended 2013-06-30.
2 May 2013quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $146.3 million and net income of $8.0 million for the period ended 2013-03-31.
2 May 2013quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $146.3 million and net income of $8.0 million for the period ended 2013-03-31.
8 Mar 2013securities registration● Neutral
SILVERBOW RESOURCES, INC. filed the final prospectus for a registered offering.
19 Feb 2013business combination● Neutral
On February 19, 2013 the company filed a registration statement offering to swap the $150 million of 7 7/8% Senior Notes due 2022 issued October 18, 2012 for identical notes registered with the SEC and freely tradable. This follows through on the registration rights promised when the add-on closed, and raises no new money. The expiry date was blank in the text provided.
14 Feb 2013substantial holder notice● Neutral
EARNEST Partners, LLC reported a SILVERBOW RESOURCES, INC. shareholding of 3,080,617 shares (7.20% of votes) in a periodic institutional filing.
11 Feb 2013substantial holder notice● Neutral
The Vanguard Group reported a SILVERBOW RESOURCES, INC. shareholding of 2,521,348 shares (5.87% of votes) in a periodic institutional filing.
1 Feb 2013substantial holder notice● Neutral
BlackRock, Inc reported a SILVERBOW RESOURCES, INC. shareholding of 3,549,548 shares (8.27% of votes) in a periodic institutional filing.
5 Nov 2012debt financing▲ GoodMajor
On October 31, 2012 the company amended its JPMorgan credit agreement (third amendment), raising the borrowing base from $330 million to $450 million and its chosen commitment from $300 million to $450 million. The maturity was pushed from May 12, 2016 to November 1, 2017, and the fee on the unused portion was set at 37.5 basis points when usage is under 50%. This extends and enlarges the bank facility that the October notes add-on was meant to help pay down.
1 Nov 2012quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $128.8 million and net income of $3.1 million for the period ended 2012-09-30.
1 Nov 2012quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $128.8 million and net income of $3.1 million for the period ended 2012-09-30.
24 Oct 2012debt financing● Neutral
On October 18, 2012 the company closed the sale of the extra $150 million of 7 7/8% Senior Notes due 2022 to J.P. Morgan Securities and other initial purchasers, as agreed on October 3. This resolves the open question of whether the add-on would close. The notes mature March 1, 2022, with first interest payment March 1, 2013, and the company agreed to offer holders an exchange into SEC-registered notes within 180 days of closing.
5 Oct 2012material agreement● NeutralMajor
On October 3, 2012 the company agreed to sell an additional $150 million of 7⅞% Senior Notes due 2022 to J.P. Morgan Securities and other initial purchasers, priced at 105% of par to investors. Closing was scheduled for October 18, 2012. This carries out the add-on offering announced the previous day and raises total notes of this series to $400 million (inference from adding the $250 million issued in 2011).
3 Oct 2012debt financing● NeutralMajor
On October 2, 2012 the company amended its JPMorgan credit agreement to lift the amount of new unsecured or subordinated debt it may issue from $300 million to $500 million. This lets it announce a planned private offering of an additional $150 million of its 7⅞% notes due 2022, with proceeds intended to repay revolving credit facility borrowings and for general corporate purposes.
2 Aug 2012quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $134.8 million and net income of $3.0 million for the period ended 2012-06-30.
2 Aug 2012quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $134.8 million and net income of $3.0 million for the period ended 2012-06-30.
2 July 2012securities registration● Neutral
SILVERBOW RESOURCES, INC. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
3 May 2012quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $135.9 million and net income of $3.6 million for the period ended 2012-03-31.
3 May 2012quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $135.9 million and net income of $3.6 million for the period ended 2012-03-31.