30 Dec 2013listing compliance notice▼ BadMajor
Pioneer Southwest Energy Partners L.P. terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2013listing compliance notice● NeutralMajor
Pioneer Southwest Energy Partners L.P.'s exchange filed to remove a class of its securities from listing.
18 Dec 2013substantial holder notice● Neutral
Pioneer Natural Resources Company, Pioneer Natural Resources USA, Inc reported no remaining Pioneer Southwest Energy Partners L.P. shareholding in its periodic institutional filing.
17 Dec 2013securities registration● Neutral
Pioneer Southwest Energy Partners L.P. amended an already-effective registration statement.
17 Dec 2013securities registration● Neutral
Pioneer Southwest Energy Partners L.P. amended an already-effective registration statement.
12 Nov 2013business combination● NeutralMajor
The final proxy statement/prospectus asks unitholders to vote on the Pioneer merger at a special meeting on December 17, 2013 (record date October 30, 2013). Terms are unchanged: unaffiliated units are cancelled and converted into 0.2325 of a Pioneer share each (other than dissenting units, reflecting the October 25, 2013 amendment). Pioneer USA's 52.4% stake is committed to vote yes and is enough to pass it. Non-votes count as votes against. Pioneer estimates the new shares will be about 3% of its outstanding stock. The last reported prices on November 6, 2013 were $46.05 for the units and $198.55 for Pioneer stock. The vote has not yet happened, so unitholders' outcome remains unresolved.
6 Nov 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $51.6 million and net income of $15.8 million for the period ended 2013-09-30.
4 Nov 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $51.6 million and net income of $15.8 million for the period ended 2013-09-30.
31 Oct 2013material agreement▲ Good
To settle unitholder lawsuits over its buy-in by parent Pioneer Natural Resources, the partnership agreed to give unitholders contractual appraisal rights - a court-tested route to argue the exchange ratio undervalued them. The deal terms themselves were untouched.
18 Oct 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $51.6 million and net income of $15.8 million for the period ended 2013-09-30.
12 Aug 2013substantial holder notice● Neutral
Pioneer Natural Resources Company, Pioneer Natural Resources USA, Inc reported a Pioneer Southwest Energy Partners L.P. shareholding of 52.40% of votes in a periodic institutional filing.
12 Aug 2013business combination● NeutralMajor
The Partnership agreed to be bought in by parent Pioneer Natural Resources: all units not owned by Pioneer USA would be cancelled and converted into 0.2325 of a Pioneer share per unit, with closing expected in Q4 2013. Pioneer USA owns 52.4% of the units (18,721,200) and has agreed to vote for the deal, which is enough to approve it, so the unaffiliated unitholders' vote cannot block it. Quarterly distributions of up to $0.52 per unit continue until closing. The conflicts committee and independent directors approved it as fair to unaffiliated unitholders. Either side can terminate if the merger is not completed by March 17, 2014. The deal was later amended in October 2013 to add appraisal rights (per the open thread). This is not yet completed, so unitholders' equity treatment is still pending.
1 Aug 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $59.5 million and net income of $29.9 million for the period ended 2013-06-30.
31 July 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $59.5 million and net income of $29.9 million for the period ended 2013-06-30.
18 July 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $59.5 million and net income of $29.9 million for the period ended 2013-06-30.
8 May 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported a quarterly net income of $17.2 million for the period ended 2013-03-31.
7 May 2013substantial holder notice● Neutral
Pioneer Natural Resources Company, Pioneer Natural Resources USA, Inc reported a Pioneer Southwest Energy Partners L.P. shareholding of 52.40% of votes in a periodic institutional filing.
1 May 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported a quarterly net income of $17.2 million for the period ended 2013-03-31.
23 Apr 2013quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported a quarterly net income of $17.2 million for the period ended 2013-03-31.
11 Mar 2013material agreement● Neutral
The Partnership signed new indemnification agreements with its four independent directors (Gobe, Gosule, Mitchell and Smith), replacing the earlier ones. The filing says the change was mainly to update its standard form. This is a routine governance update with no financial figures.
2 Nov 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $32.8 million and net income of $5.5 million for the period ended 2012-09-30.
31 Oct 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $32.8 million and net income of $5.5 million for the period ended 2012-09-30.
18 Oct 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $32.8 million and net income of $5.5 million for the period ended 2012-09-30.
17 Aug 2012securities registration● Neutral
Pioneer Southwest Energy Partners L.P. registered a securities offering with the SEC using its shelf eligibility.
3 Aug 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $88.9 million and net income of $65.2 million for the period ended 2012-06-30.
31 July 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $88.9 million and net income of $65.2 million for the period ended 2012-06-30.
19 July 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $88.9 million and net income of $65.2 million for the period ended 2012-06-30.
7 May 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $50.7 million and net income of $13.6 million for the period ended 2012-03-31.
3 May 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $50.7 million and net income of $13.6 million for the period ended 2012-03-31.
25 Apr 2012quarterly activities report● Neutral
Pioneer Southwest Energy Partners L.P. reported quarterly revenue of $50.7 million and net income of $13.6 million for the period ended 2012-03-31.