1 June 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. director Ellis L Mccain received 18,293 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 May 2012material agreement▲ GoodMajor
On May 17, 2012 Crimson signed a seventh amendment to its Wells Fargo revolver, extending maturity from January 2012's timetable to May 31, 2015 and cutting the interest margin to 1.75%-2.75% over LIBOR and the commitment fee to 0.375%-0.500%. It also set a minimum interest coverage ratio of 2.50x, allows property sales up to 5% of the borrowing base between redeterminations, and lets Crimson hedge up to 80% of expected production. This addresses the revolver refinancing thread; the second lien maturing May 2012 is not addressed in the text shown (the amendment text refers to Second Lien Loans still outstanding).
21 May 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP & CFO E Joseph Grady had 2,810 shares withheld for taxes on vesting stock.
21 May 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Engineering Jay S Mengle had 3,637 shares withheld for taxes on vesting stock.
14 May 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Operations Anthony Carl Isaac had 1,498 shares withheld for taxes on vesting stock.
10 May 2012quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $26.7 million for the period ended 2012-03-31.
9 May 2012quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $26.7 million for the period ended 2012-03-31.
23 Apr 2012agm notice● Neutral
CRIMSON EXPLORATION INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
15 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Engineering Jay S Mengle had 2,513 shares withheld for taxes on vesting stock.
15 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP & CFO E Joseph Grady had 3,835 shares withheld for taxes on vesting stock.
15 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Exploration Thomas H Atkins had 3,031 shares withheld for taxes on vesting stock.
15 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Operations Anthony Carl Isaac had 1,631 shares withheld for taxes on vesting stock.
14 Mar 2012drilling progress report● Neutral
Crimson's first Woodbine horizontal well, Mosley #1H (about 88.8% WI), began flowback on March 9, 2012, and management calls initial rates very positive, with no figures yet. In the Eagle Ford, Glasscock A #1H (95.5% WI) started at 726 Boepd, below the Littlepage McBride wells, while the Dimmit County Beeler #1 (50% WI) started at only 370 Boepd. Because of Beeler, Crimson is delaying completion of KM Ranch #2 and will study completion methods before drilling more wells in that area, so the Dimmit/Zavala area is less promising than Karnes so far.
9 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Engineering Jay S Mengle had 3,162 shares withheld for taxes on vesting stock.
6 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Engineering Jay S Mengle received 60,000 shares as part of the equity award.
6 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Operations Anthony Carl Isaac received 60,000 shares as part of the equity award.
6 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP & CFO E Joseph Grady received 141,000 shares as part of the equity award.
6 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. President & CEO Allan D Keel received 235,000 shares as part of the equity award.
6 Mar 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Exploration Thomas H Atkins received 57,000 shares as part of the equity award.
29 Feb 2012director interest notice● Neutral
CRIMSON EXPLORATION INC. Senior VP - Exploration Thomas H Atkins had 3,389 shares withheld for taxes on vesting stock.
17 Feb 2012quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $27.4 million for the period ended 2011-12-31.
14 Feb 2012substantial holder notice● Neutral
Barclays PLC, Barclays Capital Inc. disclosed a new substantial CRIMSON EXPLORATION INC. shareholding (3.65% of votes).
10 Feb 2012production update▲ Good
Crimson reported another Karnes County Eagle Ford oil well, Littlepage McBride #7 (53% WI), at a gross initial rate of 1,019 Boepd; the seven wells in that area average 1,060 Boepd. Beeler #1 (Dimmit County, 50% WI) is in flowback, KM Ranch #2 (Zavala, 50% WI) awaits completion, and the first Woodbine horizontal well in Madison County, Mosley #1H (89% WI), is due to be completed in February. The company now describes about 5,400 net acres in East Texas (down from about 12,000 in 2011), about 8,000 in the Eagle Ford and about 17,000 in Madison and Grimes counties; the filing does not explain the East Texas change.
10 Nov 2011quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $28.9 million for the period ended 2011-09-30.
9 Nov 2011quarterly activities report● Neutral
CRIMSON EXPLORATION INC. reported quarterly revenue of $28.9 million for the period ended 2011-09-30.
2 Nov 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Zhaoxing Ni bought 6,200 shares on the open market at $2.98.
28 Oct 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Zhaoxing Ni bought 10,000 shares on the open market at $2.91.
25 Oct 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Zhaoxing Ni bought 25,800 shares on the open market.
20 Oct 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Zhaoxing Ni bought 12,100 shares on the open market.
17 Oct 2011director interest notice● Neutral
CRIMSON EXPLORATION INC. director Zhaoxing Ni bought 15,000 shares on the open market.