20 May 2015securities registration● Neutral
Pressburg, LLC filed a prospectus supplement for an offering off its existing shelf.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 May 2015securities registration● Neutral
Pressburg, LLC filed the final prospectus for a registered offering.
15 May 2015debt financing▼ Bad
Had its borrowing base reduced to $4.05 billion in a scheduled redetermination, and loosened restrictions on how much it could invest in the former Berry Petroleum subsidiary -- the first hint of the tightening credit conditions that would soon force a full restructuring.
29 Apr 2015quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $767.0 million and a net loss of $339.2 million for the period ended 2015-03-31.
29 Apr 2015quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $767.0 million and a net loss of $339.2 million for the period ended 2015-03-31.
20 Feb 2015securities registration● Neutral
Pressburg, LLC filed a prospectus supplement for an offering off its existing shelf.
20 Feb 2015material agreement● Neutral
Renewed its at-the-market equity program at up to $500 million with an expanded bank group -- routine continuation of its standing capital-markets tools.
19 Feb 2015quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $2217.7 million and a net loss of $154.5 million for the period ended 2014-12-31.
18 Dec 2014asset acquisition disposition▲ GoodMajor
Closed the Granite Wash/Cleveland sale for roughly $1.8 billion, using proceeds to fully repay its $1.3 billion term loan and cut revolver borrowings -- deleveraging just as oil prices began falling.
4 Nov 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $1435.1 million and a net loss of $4.1 million for the period ended 2014-09-30.
4 Nov 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $1435.1 million and a net loss of $4.1 million for the period ended 2014-09-30.
6 Oct 2014material agreement● NeutralMajor
Agreed to sell its entire Granite Wash and Cleveland-play position in the Texas Panhandle and western Oklahoma to EnerVest and FourPoint Energy for $1.95 billion -- a major divestiture even as the Devon deal was still being digested, an early sign of portfolio-pruning ahead of the 2015 oil price crash.
23 Sept 2014material agreement● Neutral
Agreed to a second ExxonMobil asset swap, trading more Permian Basin properties for ExxonMobil's South Belridge Field assets in California.
9 Sept 2014debt financing▲ GoodMajor
Sold $1.1 billion of new senior notes ($450 million due 2019, $650 million due 2021) to repay the bridge loan and revolver debt used to fund the Devon acquisition.
8 Sept 2014securities registration● Neutral
Pressburg, LLC filed a prospectus supplement for an offering off its existing shelf.
5 Sept 2014securities registration● Neutral
Pressburg, LLC filed a free-writing prospectus - marketing material for an offering in progress.
4 Sept 2014securities registration● Neutral
Pressburg, LLC filed a prospectus supplement for an offering off its existing shelf.
4 Sept 2014securities registration● Neutral
Pressburg, LLC amended its automatic shelf registration statement.
2 Sept 2014asset acquisition disposition▲ GoodMajor
Closed the $2.24 billion Devon Energy asset acquisition, structured as a tax-deferred Section 1031 exchange.
7 Aug 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $597.0 million and a net loss of $207.9 million for the period ended 2014-06-30.
7 Aug 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $597.0 million and a net loss of $207.9 million for the period ended 2014-06-30.
1 July 2014material agreement▲ GoodMajor
Agreed to acquire a large multi-basin package (Rockies, Mid-Continent, east Texas, north Louisiana, south Texas) from Devon Energy for $2.3 billion -- its largest acquisition since Berry and the biggest pure cash purchase in its history, to be funded with committed interim financing.
2 June 2014securities registration● Neutral
Pressburg, LLC filed the final prospectus for a registered offering.
22 May 2014material agreement● Neutral
Agreed to an asset swap with ExxonMobil, trading Permian Basin properties for ExxonMobil's Hugoton Basin assets -- Linn's first major exchange transaction rather than a straight cash purchase.
1 May 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $733.6 million and a net loss of $85.3 million for the period ended 2014-03-31.
1 May 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $733.6 million and a net loss of $85.3 million for the period ended 2014-03-31.
27 Feb 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $629.2 million and a net loss of $784.5 million for the period ended 2013-12-31.
3 Feb 2014director interest notice● Neutral
Jamin Mcneil became a Pressburg, LLC SVP - Houston Div Ops and company insider (initial ownership filing).
3 Feb 2014director interest notice● Neutral
Candice J Wells became a Pressburg, LLC VP - Gen Counsel & Corp Sec and company insider (initial ownership filing).
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director Stephen J Hadden received 6,170 shares as part of the equity award.