13 May 2009director interest notice● Neutral
NBL Texas, LLC director Donald Douglas Patteson Jr. received 14,855 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 May 2009asset acquisition disposition● Neutral
The company reported that it issued a press release on its first-quarter 2009 earnings and operational outlook. The 8-K text itself gives no figures; any results are only in the attached press release, which is not reproduced here. Despite the 'asset acquisition' label, no acquisition or disposal is described.
24 Apr 2009debt financing● NeutralMajor
On April 21, 2009 the company used the option in the April 9 second lien loan, raising it from $75M to $100M. A new lender, Prudential Insurance Company of America, provided $20M of fixed-rate debt at 13.75%, and Wells Fargo Energy Capital raised its floating-rate commitment by $5M to $25M. This adds $25M of debt.
15 Apr 2009debt financing● NeutralMajor
On April 9, 2009 the company restated its senior revolving credit agreement with BNP Paribas as agent: up to $600M, term extended to July 1, 2012, borrowing base set at $375M (the press release says it was $400M before). It also restated its second lien term loan at $75M, extended to October 2, 2012, at LIBOR plus 8.5% with a 3.5% floor, with an option to raise it to $100M within 30 days. The revolver is secured on substantially all assets and carries a minimum current ratio of 1.0 and a maximum leverage ratio of 3.5.
12 Feb 2009substantial holder notice● Neutral
Capital World Investors ** reported a NBL Texas, LLC shareholding of 911,500 shares (1.80% of votes) in a periodic institutional filing.
2 Feb 2009director interest notice● Neutral
NBL Texas, LLC VP and Corporate Controller Denise Dubard Bednorz disposed of 29,635 shares via option/appreciation-right settlement.
8 Jan 2009director interest notice● Neutral
NBL Texas, LLC VP, Asset Developmen John Dewey Clayton received 32,017 shares and a 34,664-share option grant as part of the equity award.
8 Jan 2009director interest notice● Neutral
NBL Texas, LLC EVP, Strategy & Development Ellen Desanctis received 49,343 shares and a 53,423-share option grant as part of the equity award.
8 Jan 2009director interest notice● Neutral
NBL Texas, LLC VP, Production & Drilling Ops James E Craddock received 32,017 shares and a 34,664-share option grant as part of the equity award.
10 Dec 2008capital raising announcement● Neutral
On December 9, 2008 the board adopted amended bylaws adding advance notice rules: stockholders must give notice 90 to 120 days before the anniversary of the prior annual meeting to propose nominees or business, with detailed information required. Despite the capital-raising label, the filing describes no share issuance.
4 Dec 2008director interest notice● Neutral
NBL Texas, LLC EVP. Strategy & Development Ellen Desanctis bought 4,200 shares on the open market at $6.98.
3 Dec 2008director interest notice● Neutral
NBL Texas, LLC EVP, Strategy & Development Ellen Desanctis bought 10,200 shares on the open market at $7.24.
1 Dec 2008director interest notice● Neutral
NBL Texas, LLC EVP, Strategy & Development Ellen Desanctis bought 10,200 shares on the open market at $7.24.
1 Dec 2008director interest notice● Neutral
NBL Texas, LLC VP, Asset Developmen John Dewey Clayton bought 7,500 shares on the open market at $7.00.
25 Nov 2008director interest notice● Neutral
NBL Texas, LLC EVP, Strategy & Development Ellen Desanctis bought 6,000 shares on the open market at $7.43.
20 Nov 2008director interest notice● Neutral
NBL Texas, LLC director Donald Douglas Patteson Jr. bought 2,000 shares on the open market at $7.15.
17 Nov 2008director interest notice● Neutral
NBL Texas, LLC VP & General Counsel Michael Harold Hickey bought 15,000 shares on the open market at $8.87.
17 Nov 2008director interest notice● Neutral
NBL Texas, LLC VP, Production & Drilling Ops James E Craddock bought 7,700 shares on the open market at $8.20.
17 Nov 2008director interest notice● Neutral
NBL Texas, LLC Exec VP & CFO Michael Joseph Rosinski bought 5,000 shares on the open market at $8.75.
17 Nov 2008director interest notice● Neutral
NBL Texas, LLC EVP, Strategy & Development Ellen Desanctis bought 44,100 shares on the open market at $9.21.
17 Nov 2008director interest notice● Neutral
NBL Texas, LLC director Donald Douglas Patteson Jr. bought 2,000 shares on the open market at $8.20.
13 Nov 2008director interest notice● Neutral
NBL Texas, LLC VP, Asset Developmen John Dewey Clayton bought 17,500 shares on the open market at $8.79.
13 Nov 2008material agreement● NeutralMajor
On November 13, 2008 the bankruptcy court approved the October 22 settlement with Calpine, with closing set for December 1, 2008. The company pays $84.6 million (including $67.6 million for the withheld non-consent properties) plus $12.4 million to end all legal disputes, including Calpine's lawsuit, for $97 million in cash total; the Sacramento Basin gas purchase agreement is extended ten years. This resolves the 2007 lawsuit and title issues.
10 Oct 2008substantial holder notice● Neutral
Capital World Investors ** reported a NBL Texas, LLC shareholding of 3,240,650 shares (6.30% of votes) in a periodic institutional filing.
2 Oct 2008director interest notice● Neutral
NBL Texas, LLC EVP, Strategy & Development Ellen Desanctis received 17,500 shares and a 27,500-share option grant as part of the equity award.
29 Sept 2008director interest notice● Neutral
Ellen Desanctis became a NBL Texas, LLC EVP, Strategy & Development and company insider (initial ownership filing).
18 Sept 2008director interest notice● Neutral
Matthew D Fitzgerald became a NBL Texas, LLC director and company insider (initial ownership filing).
18 Sept 2008director interest notice● Neutral
NBL Texas, LLC director Matthew D Fitzgerald received 3,500 shares and a 5,000-share option grant as part of the equity award.
2 Sept 2008director interest notice● Neutral
NBL Texas, LLC Vice President,Human Resources Gerald Lewis Maxwell disposed of 3,250 shares via option/appreciation-right settlement.
13 Aug 2008director interest notice● Neutral
NBL Texas, LLC VP, Asset Developmen John Dewey Clayton bought 10,000 shares on the open market at $22.97.