18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George exercised stock options for 625 shares and disposed of 625 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Gary R Petersen exercised stock options for 1,250 shares.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S exercised stock options for 25,000 shares.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap V-b Acquisitions, L.p. exercised stock options for 552 shares.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director James R Larson exercised stock options for 1,250 shares.
21 Dec 2007asset acquisition disposition● NeutralMajor
On December 21, 2007 the West Virginia gas property purchase announced in November closed at $59.5 million, bought from an EnerVest-managed institutional partnership; EnerVest affiliates own 71.25% of the general partner, and the Conflicts Committee approved the deal. It was paid with cash and $40 million of credit facility borrowings, bringing total borrowings to $270 million (up from $230 million after the Permian deal in October).
20 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 10,000 shares on the open market.
20 Dec 2007securities registration● Neutral
Harvest Oil & Gas Corp. filed the final prospectus for a registered offering.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A received a stock option grant for 20,000 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E received a stock option grant for 15,000 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap V-b Acquisitions, L.p. received a stock option grant for 552 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Controller, Principal Acct Ofc Frederick Dwyer received a stock option grant for 2,500 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George received a stock option grant for 1,500 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Burk Victor received a stock option grant for 1,500 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B received a stock option grant for 25,000 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director James R Larson received a stock option grant for 1,500 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Gary R Petersen received a stock option grant for 1,250 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S received a stock option grant for 15,000 shares.
17 Dec 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap Energy Capital Fund V L P received a stock option grant for 698 shares.
29 Nov 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 2,000 shares on the open market.
21 Nov 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George bought 2,700 shares on the open market.
20 Nov 2007material agreement▲ GoodMajor
On November 16, 2007 the partnership agreed to buy natural gas properties in West Virginia for $59.5 million from EnerVest Appalachia, L.P., an affiliate of EnerVest (the sponsor that controls the partnership's general partner); closing is expected around the end of 2007. The same filing carries the Q3 2007 results: net income $13.7 million ($0.80 per unit), production of 3.75 Bcfe (60% above Q2, mainly from a full quarter of the Anadarko assets), and updated hedges. Long-term debt was $91.0 million at September 30, before the Permian purchase that closed October 1.
11 Oct 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 8,000 shares on the open market.
11 Oct 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 4,000 shares on the open market.
4 Oct 2007asset acquisition disposition● NeutralMajor
On October 1, 2007 the Permian Basin purchase from Plantation Operating, an EnCap-sponsored company, closed at an adjusted $155.8 million (the agreed price was $160 million), paid with borrowings. The credit facility was amended and restated to allow up to $500 million, with an initial borrowing base of $275 million, replacing the $150 million facility from 2006. Debt outstanding after the deal is $230.0 million, up from $75 million after the June deal, so the June equity raise's debt paydown has been followed by new borrowing. New oil hedges for 2007-2010 were also announced.
1 Oct 2007securities registration● Neutral
Harvest Oil & Gas Corp. registered a securities offering with the SEC using its shelf eligibility.
20 Aug 2007director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George bought 3,000 shares on the open market at $35.00.
15 Aug 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E received a stock option grant for 7,500 shares.
15 Aug 2007director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S received a stock option grant for 12,500 shares.
23 July 2007material agreement▲ GoodMajor
On July 17, 2007 the partnership's wholly owned subsidiary EV Properties agreed to buy oil and gas properties in the Permian Basin (New Mexico and Texas) from Plantation Operating for $160 million, with closing expected by the end of September 2007. The release says the seller is an EnCap-sponsored company (EnCap funds own part of the partnership's general partner), that the deal will first be funded under an amended and restated credit facility, and that management expects to recommend another distribution increase starting with Q4 2007.