Past year: ▲ 0%(1.00c – 1.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Oct 2015asset acquisition disposition● NeutralMajor
Completed the Eagle Rock Energy Partners merger just three days after closing LRR Energy - two roll-up acquisitions finished in the same week, right as low oil prices were starting to strain its balance sheet.
5 Oct 2015asset acquisition disposition● NeutralMajor
Completed the LRR Energy merger, issuing new units at the 0.550 exchange ratio and folding Lime Rock's oil and gas assets into the company.
4 Sept 2015material agreement● Neutral
Filed a routine auditor consent letter from PricewaterhouseCoopers as part of its securities registration paperwork for the pending mergers.
3 Sept 2015material agreement● Neutral
Rescheduled the annual meeting a second time, to October 5, 2015, again to meet proxy-mailing deadlines ahead of the Eagle Rock merger vote.
8 July 2015material agreement● Neutral
Rescheduled its postponed annual meeting to September 17, 2015, to allow time to mail proxy materials covering the pending Eagle Rock merger vote.
4 June 2015material agreement▼ BadMajor
Had its credit facility borrowing base cut from $2.0 billion to $1.6 billion and its debt-to-EBITDA covenant tightened for coming years - the first clear sign the 2014-15 oil price collapse was constraining the balance sheet it had built through years of acquisitions.
27 May 2015business combination● Neutral
Amended its voting-support agreement with LRR Energy's unitholders to account for the newly announced Eagle Rock merger running in parallel.
26 May 2015business combination● Neutral
Postponed its 2015 annual unitholder meeting so investors could also vote on issuing new units for the Eagle Rock merger.
22 May 2015business combination● Neutral
Issued the joint press release announcing the Eagle Rock Energy Partners merger agreement alongside the same-day Form 8-K disclosing its terms.
22 May 2015business combination● NeutralMajor
One month after agreeing to buy LRR Energy, announced a second roll-up - acquiring Eagle Rock Energy Partners for common units valued at about $614 million including assumed debt, at a 0.185 exchange ratio.
22 Apr 2015business combination● Neutral
Filed the full LRR Energy merger agreement: each LRR unit converts into 0.550 Vanguard units, structured as a unit-for-unit roll-up rather than a cash deal.
21 Apr 2015business combination● NeutralMajor
Announced a deal to acquire LRR Energy (Lime Rock Resources' public MLP) for common units valued at about $539 million including assumed debt - the first of two roll-up mergers announced within a month, even as low oil prices squeezed the sector.
25 Mar 2015material agreement termination● Neutral
Formally terminated its 2013 at-the-market equity program, a housekeeping step that didn't affect the new one signed two weeks earlier.
12 Mar 2015material agreement● Neutral
Set up a new at-the-market program covering up to $400 million of common units plus its three preferred series, as commodity prices stayed weak into 2015.
22 Sept 2014listing compliance notice▲ GoodMajor
Nasdaq certified Grizzly Energy, LLC's securities for listing, clearing them to begin trading.
16 Sept 2014material agreement▲ GoodMajor
Agreed to a second, larger deal with Bill Barrett Corporation - $525 million for the rest of its Piceance Basin gas assets in Colorado - just as oil prices began sliding sharply that autumn.
15 Sept 2014material agreement● Neutral
Issued 4.6 million 7.75% Series C preferred units at $25 each, raising about $96.6 million to pay down debt - its third preferred series.
7 Aug 2014material agreement▲ GoodMajor
Agreed to buy $278 million of natural gas, oil and NGL assets in North Louisiana and East Texas from Hunt Oil Company.
2 May 2014material agreement● NeutralMajor
Expanded its credit facility's maximum size to $3.5 billion and its borrowing base to $1.525 billion, reflecting how large the reserve base had grown through years of acquisitions - just months before oil prices began falling that fall.
11 Mar 2014listing compliance notice▲ GoodMajor
Nasdaq certified Grizzly Energy, LLC's securities for listing, clearing them to begin trading.
10 Mar 2014material agreement● Neutral
Issued 8.05 million 7.625% Series B preferred units at $25 each, raising about $169.2 million to pay down debt - its second preferred-equity tranche in under a year.
30 Dec 2013material agreement▲ GoodMajor
Agreed to its biggest deal yet - $581 million for natural gas assets in Wyoming's Pinedale and Jonah fields - continuing an aggressive multi-year acquisition run funded mostly with new debt and equity.
26 Nov 2013material agreement termination● Neutral
Replaced its at-the-market program with a larger one covering up to $500 million of common units and $250 million of Series A preferred units, terminating the older Knight Capital agreement in the process.
1 July 2013listing compliance notice▲ GoodMajor
Nasdaq certified Grizzly Energy, LLC's securities for listing, clearing them to begin trading.
18 June 2013material agreement● NeutralMajor
Issued its first preferred equity - 2.52 million 7.875% Series A cumulative preferred units at $25 each, raising about $60.8 million to pay down debt - adding a higher-cost layer to its capital structure alongside common units and bonds.
4 June 2013material agreement● Neutral
Sold up to 8.05 million common units at $28.35 each in another underwritten equity offering.
22 Apr 2013listing compliance notice▲ GoodMajor
Nasdaq certified Grizzly Energy, LLC's securities for listing, clearing them to begin trading.
22 Apr 2013listing compliance notice▼ BadMajor
Grizzly Energy, LLC's securities were notified for removal from listing and registration on its exchange.
11 Apr 2013listing compliance notice● Neutral
Voluntarily moved its listing from the NYSE to the NASDAQ Global Select Market, continuing to trade under ticker VNR - another listing-venue change, not a compliance issue.
4 Mar 2013material agreement▲ GoodMajor
Agreed to buy $275 million of Permian Basin gas, oil and NGL assets in New Mexico and West Texas from Range Resources.
