11 May 2010director interest notice● Neutral
NBL Texas, LLC director Philip L Frederickson received 4,166 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 May 2010director interest notice● Neutral
NBL Texas, LLC director Josiah O Low III received 4,166 shares as part of the equity award.
10 May 2010quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $70.1 million and net income of $7.3 million for the period ended 2010-03-31.
10 May 2010quarterly activities report● Neutral
NBL Texas, LLC reported quarterly revenue of $70.1 million and net income of $7.3 million for the period ended 2010-03-31.
3 May 2010director interest notice● Neutral
NBL Texas, LLC VP, Drilling & Prod. Ops. James E Craddock had 794 shares withheld for taxes on vesting stock.
19 Apr 2010debt financing● NeutralMajor
On April 15, 2010 the company closed the $200M offering of 9.500% senior notes due April 15, 2018, issued under an indenture with Wells Fargo as trustee and guaranteed by its subsidiaries. The notes are unsecured, so they rank behind the secured revolver and second lien loan, and their covenants restrict new debt, dividends and asset sales. The company also agreed to offer holders registered notes in exchange. This completes the offering priced April 12.
13 Apr 2010material agreement● NeutralMajor
On April 12, 2010 the company agreed to sell $200M of 9 1/2% senior notes due 2018 to initial purchasers led by J.P. Morgan Securities, sold privately to institutional buyers and non-US persons. The press release says the proceeds will repay $80.0M of the second lien term loans and some revolver borrowings, and pay fees. This follows the offering announced April 5.
5 Apr 2010debt financing● NeutralMajor
Effective April 1, 2010 the revolver borrowing base rose from $350M to $375M. On April 5, 2010 the company amended its revolver and second lien loan to allow up to $250M of unsecured senior notes and a California compression and gathering sale-leaseback of up to $15M, and announced a private offering of $200M of senior notes due 2018. Proceeds from any such notes must repay at least $80M of the second lien loan. This starts the move to refinance part of the 2009 second lien debt.
12 Feb 2010substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial NBL Texas, LLC shareholding (7.01% of votes).
2 Feb 2010director interest notice● Neutral
NBL Texas, LLC Vice Pres., Mktg & BD Jackie Chad Driskill had 430 shares withheld for taxes on vesting stock.
2 Feb 2010director interest notice● Neutral
NBL Texas, LLC EVP, CFO & Treasurer Michael Joseph Rosinski had 1,158 shares withheld for taxes on vesting stock.
2 Feb 2010director interest notice● Neutral
NBL Texas, LLC Vice President,Human Resources Gerald Lewis Maxwell had 658 shares withheld for taxes on vesting stock.
2 Feb 2010director interest notice● Neutral
NBL Texas, LLC Vice Pres. & Gen'l Counsel Michael Harold Hickey had 794 shares withheld for taxes on vesting stock.
4 Jan 2010director interest notice● Neutral
NBL Texas, LLC Vice President and Controller William Rufus Estis received 7,522 shares as part of the equity award.
4 Jan 2010director interest notice● Neutral
NBL Texas, LLC Vice Pres., Asset Development John Dewey Clayton received 16,118 shares as part of the equity award.
4 Jan 2010director interest notice● Neutral
NBL Texas, LLC Vice Pres. Denise Dubard had 2,091 shares withheld for taxes on vesting stock.
3 Nov 2009director interest notice● Neutral
NBL Texas, LLC President and CEO Randy L Limbacher had 6,752 shares withheld for taxes on vesting stock.
23 Oct 2009debt financing● Neutral
On October 22, 2009 the company made first amendments to its revolver and second lien loan, removing one interest-rate option, allowing investments in US government securities maturing in 15 months instead of one year, and releasing the lenders' lien on one deposit account. Lenders also approved a scheduled lowering of the revolver borrowing base to $350M, down from the $375M set in April 2009.
5 Oct 2009director interest notice● Neutral
NBL Texas, LLC Vice President and Controller William Rufus Estis received 10,300 shares and a 11,150-share option grant as part of the equity award.
16 Sept 2009director interest notice● Neutral
William Rufus Estis became a NBL Texas, LLC Vice President and Controller and company insider (initial ownership filing).
24 Aug 2009director interest notice● Neutral
NBL Texas, LLC Vice Pres. & Gen'l Counsel Michael Harold Hickey sold 11,018 shares at $12.25.
15 July 2009securities registration● Neutral
NBL Texas, LLC filed the final prospectus for a registered offering.
12 June 2009securities registration● Neutral
NBL Texas, LLC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
26 May 2009director interest notice● Neutral
NBL Texas, LLC Vice Pres. & Controller Denise Dubard had 327 shares withheld for taxes on vesting stock.
13 May 2009director interest notice● Neutral
NBL Texas, LLC director Josiah O Low III received 14,855 shares as part of the equity award.
13 May 2009securities registration● Neutral
NBL Texas, LLC registered a securities offering with the SEC using its shelf eligibility.
13 May 2009director interest notice● Neutral
NBL Texas, LLC director Richard William Beckler received 14,855 shares as part of the equity award.
13 May 2009director interest notice● Neutral
NBL Texas, LLC director Matthew D Fitzgerald received 14,855 shares as part of the equity award.
13 May 2009director interest notice● Neutral
NBL Texas, LLC director Philip L Frederickson received 14,855 shares as part of the equity award.
13 May 2009director interest notice● Neutral
NBL Texas, LLC director Delton Henry Houston received 14,855 shares as part of the equity award.