1 Apr 2008director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. bought 1,000 shares on the open market at $21.09.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Mar 2008director interest notice● Neutral
Encore Energy Partners LP Chairman of the Board I Jon Brumley bought 3,040 shares on the open market.
20 Mar 2008director interest notice● Neutral
Encore Energy Partners LP Chairman of the Board I Jon Brumley bought 3,600 shares on the open market.
3 Mar 2008director interest notice● Neutral
Encore Energy Partners LP Chairman of the Board I Jon Brumley bought 10,917 shares on the open market.
28 Feb 2008director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. bought 6,000 shares on the open market.
27 Feb 2008director interest notice● Neutral
Encore Energy Partners LP Chairman of the Board I Jon Brumley bought 259 shares on the open market at $19.46.
25 Feb 2008director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. bought 1,000 shares on the open market.
21 Feb 2008director interest notice● Neutral
Encore Energy Partners LP Chairman of the Board I Jon Brumley bought 15,000 shares on the open market.
13 Feb 2008director interest notice● Neutral
Diane Weaver became a Encore Energy Partners LP VP, Investor Relations and company insider (initial ownership filing).
13 Feb 2008director interest notice● Neutral
Andrea Hunter became a Encore Energy Partners LP Controller and company insider (initial ownership filing).
13 Feb 2008director interest notice● Neutral
John Earl Jackson became a Encore Energy Partners LP director and company insider (initial ownership filing).
13 Feb 2008director interest notice● Neutral
Encore Energy Partners LP director John Earl Jackson received a stock option grant for 5,000 shares.
8 Feb 2008capital raising announcement▲ GoodMajor
The Permian and Williston Basin acquisition from Encore Operating closed on February 7, 2008, completing the deal announced in the prior filing, for about $250.4 million ($125.4 million cash plus 6,884,776 units). The properties have about 10.8 million BOE of proven reserves and roughly 1,800 BOE per day of production. The credit facility's borrowing base was raised to $240 million and the cash was borrowed under it; EAC and affiliates keep about 67% of units.
3 Jan 2008capital raising announcement● NeutralMajor
The partnership's operating subsidiary agreed to buy producing oil and gas properties in the Permian and Williston Basins from EAC's subsidiary Encore Operating for $125 million in cash plus 6,884,776 new common units, with the cash to be borrowed under its existing credit facility. The deal was approved on the recommendation of the independent Conflicts Committee, and EAC and affiliates would hold about 67% of the units afterward. Closing was expected in January 2008.
5 Nov 2007director interest notice● Neutral
Encore Energy Partners LP director Clayton E Melton bought 1,500 shares on the open market at $19.60.
31 Oct 2007director interest notice● Neutral
Encore Energy Partners LP director Clayton E Melton received a stock option grant for 5,000 shares.
31 Oct 2007director interest notice● Neutral
Encore Energy Partners LP director George W Passela received a stock option grant for 5,000 shares.
31 Oct 2007director interest notice● Neutral
Encore Energy Partners LP director Arnold L Chavkin received a stock option grant for 5,000 shares.
31 Oct 2007director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. received a stock option grant for 5,000 shares.
26 Sept 2007director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. bought 5,000 shares on the open market.
21 Sept 2007asset acquisition disposition● NeutralMajor
The IPO of 9,000,000 common units (about 37.4% of the partnership, per the filing) closed on September 17, 2007. At closing, Encore Operating, a subsidiary of parent Encore Acquisition Company (EAC), transferred the Permian Basin assets to the partnership for 4,043,478 common units, and EAC agreed to indemnify it for certain environmental, tax and title liabilities. The filing also sets an administrative fee of $1.75 per BOE of production payable to Encore Operating and adopts a long-term incentive plan covering up to 1,150,000 units.
20 Sept 2007director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. bought 2,500 shares on the open market at $21.80.
17 Sept 2007director interest notice● Neutral
Encore Operating LP became a Encore Energy Partners LP 10%+ owner and company insider (initial ownership filing).
14 Sept 2007director interest notice● Neutral
Encore Energy Partners LP director Luther King Jr. bought 22,500 shares on the open market.
13 Sept 2007director interest notice● Neutral
Encore Energy Partners LP SVP, CFO and Treasurer Robert C Reeves bought 3,500 shares on the open market at $21.00.
13 Sept 2007director interest notice● Neutral
Encore Energy Partners LP VP, Mid-Continent Region Thomas Olle bought 200 shares on the open market at $21.00.
13 Sept 2007director interest notice● Neutral
Encore Energy Partners LP CEO, President and Director Jon S Brumley bought 7,100 shares on the open market at $21.00.
13 Sept 2007director interest notice● Neutral
Encore Energy Partners LP Chairman of the Board I Jon Brumley bought 71,400 shares on the open market at $21.00.
13 Sept 2007director interest notice● Neutral
Encore Energy Partners LP SVP, General Counsel & Sec. Philip D Devlin bought 1,100 shares on the open market at $21.00.
13 Sept 2007director interest notice● Neutral
Encore Energy Partners LP director Clayton E Melton bought 900 shares on the open market at $21.00.