14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. VP & Chief Accounting Officer Frederick Dwyer disposed of 11,929 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Exec. Chairman of the Board Walker John B disposed of 755,766 shares via option/appreciation-right settlement.
14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Senior VP Acquisitions Gajdica Ronald J disposed of 19,367 shares via option/appreciation-right settlement.
14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap Energy Capital Fund V L P disposed of 513,607 shares via option/appreciation-right settlement.
14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E disposed of 58,100 shares via option/appreciation-right settlement.
14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap V-b Acquisitions, L.p. disposed of 406,315 shares via option/appreciation-right settlement.
14 Dec 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B disposed of 755,766 shares via option/appreciation-right settlement.
16 Nov 2012director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George bought 300 shares on the open market at $54.30.
8 Nov 2012quarterly activities report▼ Bad
Harvest Oil & Gas Corp. reported quarterly revenue of $75.5 million and a net loss of $9.9 million for the period ended 2012-12-31.
3 Oct 2012material agreement● Neutral
On September 27, 2012 the partnership signed a Third Amendment to its credit agreement, raising the cap on investments in Cardinal Gas Services, Utica East Ohio Midstream and related joint ventures from $200 million (set in March 2012) to $350 million in total at any time. This extends the earlier amendment and gives room for larger midstream investments.
23 Aug 2012drilling progress report▲ Good
On August 20, 2012 the partnership and EnerVest reported test results for two Ohio Utica Shale wells. Cairns 5H (Carroll County; EVEP about 43% working interest) flowed at 1,690 barrels of oil equivalent per day over 24 hours. Frank 2H (Stark County; EVEP about 35%) produced 870 barrels of oil equivalent per day without artificial lift, which the company expects to activate within a few weeks. These are initial 24-hour test rates, not long-term production.
9 Aug 2012quarterly activities report▼ Bad
Harvest Oil & Gas Corp. reported quarterly revenue of $68.7 million and a net loss of $50.0 million for the period ended 2012-09-30.
25 June 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Exec. Chairman of the Board Walker John B bought 1,200 shares on the open market.
4 June 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Exec. Chairman of the Board Walker John B bought 10,000 shares on the open market at $49.97.
16 May 2012director interest notice● Neutral
Harvest Oil & Gas Corp. President and CEO Houser Mark A bought 2,000 shares on the open market at $56.89.
9 May 2012quarterly activities report● Neutral
Harvest Oil & Gas Corp. reported quarterly revenue of $63.6 million and net income of $15.0 million for the period ended 2012-06-30.
19 Apr 2012director interest notice● Neutral
Harvest Oil & Gas Corp. President and CEO Houser Mark A bought 1,500 shares on the open market at $62.64.
18 Apr 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Exec Chairman of the Board Walker John B bought 10,000 shares on the open market at $59.02.
13 Apr 2012director interest notice● Neutral
Harvest Oil & Gas Corp. Exec Chairman of the Board Walker John B bought 2,000 shares on the open market at $64.21.
4 Apr 2012material agreement● Neutral
On March 29, 2012 the partnership signed a Second Amendment to its credit agreement allowing it to invest up to $200 million in total at any time in Cardinal Gas Services LLC, Utica East Ohio Midstream LLC and related joint venture entities. The filing does not say why or whether any investment has been made; this loosens the revolver's investment limits for midstream ventures.
13 Mar 2012debt financing● NeutralMajor
On March 8, 2012 the partnership and EV Energy Finance Corp. sold an extra $200 million of 8.0% Senior Notes due 2019 at 103.0% of face value (yield to worst 7.281%). The press release says the offering was upsized from $100 million; the notes join the existing $300 million issue under the same indenture, and proceeds are to repay part of the revolving credit facility, whose lenders include affiliates of the underwriters. Total notes outstanding become $500 million, replacing part of the bank debt, which followed the February 2012 equity raise used for the same purpose.
9 Mar 2012securities registration● Neutral
Harvest Oil & Gas Corp. filed a prospectus supplement for an offering off its existing shelf.
9 Mar 2012securities registration● Neutral
Harvest Oil & Gas Corp. filed a free-writing prospectus - marketing material for an offering in progress.
8 Mar 2012securities registration● Neutral
Harvest Oil & Gas Corp. filed the final prospectus for a registered offering.
8 Mar 2012securities registration● Neutral
Harvest Oil & Gas Corp. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
15 Feb 2012material agreement● NeutralMajor
On February 10, 2012 the partnership sold 3,500,000 common units at $67.95 each in an underwritten public offering, and the underwriters took up their full 525,000-unit option (4,025,000 units in total). Net proceeds of about $268 million are to repay revolving credit facility debt, which was used to fund the December 2011 Barnett purchases. This adds to the number of units outstanding.
10 Feb 2012securities registration● Neutral
Harvest Oil & Gas Corp. filed a prospectus supplement for an offering off its existing shelf.
9 Feb 2012securities registration● Neutral
Harvest Oil & Gas Corp. filed the final prospectus for a registered offering.
18 Jan 2012director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap Energy Capital Fund V L P exercised stock options for 976 shares and disposed of 976 shares.
18 Jan 2012director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap V-b Acquisitions, L.p. exercised stock options for 773 shares and disposed of 773 shares.