16 May 2012director interest notice● Neutral
QR Energy, LP director Powell Donald E bought 7,500 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2012director interest notice● Neutral
QR Energy, LP director Donald D Wolf bought 6,000 shares on the open market.
16 May 2012director interest notice● Neutral
QR Energy, LP Vice President & Gen. Counsel Roden Gregory S bought 2,300 shares on the open market at $17.35.
16 May 2012director interest notice● Neutral
QR Energy, LP VP Business Development Castiglione Mark bought 2,500 shares on the open market at $17.18.
16 May 2012director interest notice● Neutral
QR Energy, LP Human Resources Director Parsley Martha L disposed of 3,550 shares via option/appreciation-right settlement.
16 May 2012director interest notice● Neutral
QR Energy, LP director Stephen A Thorington bought 10,000 shares on the open market.
25 Apr 2012asset acquisition disposition▲ GoodMajor
On April 20, 2012, QR Energy's operating subsidiary closed the purchase of mainly oil properties in the Ark-La-Tex area (small part in Michigan) from Prize Petroleum and Prize Pipeline for $226 million in cash. This completes the deal announced in March 2012 (the earlier filing said about $230 million). Financial statements for the acquired business are due later.
20 Apr 2012director interest notice● Neutral
QR Energy, LP insider Quantum Resources A1, LP sold 11,297,737 shares at $19.18.
20 Apr 2012director interest notice● Neutral
QR Energy, LP insider Qa Global Gp, LLC sold 11,297,737 shares at $19.18.
16 Apr 2012material agreement● NeutralMajor
On April 11, 2012, QR Energy priced a public offering of 17.5 million common units at $19.18: 6,202,263 sold by the company and 11,297,737 by the Quantum selling unitholders, with the underwriters later exercising in full an option for 2,625,000 more units from the company. The company gets no proceeds from the Quantum sales. Its press release says it intends to use the net proceeds to repay credit facility borrowings (about $114.3 million, or about $162.6 million with the option). A third credit amendment, effective on closing of the Prize acquisition, raises lender commitments from $750 million to $1.5 billion and the borrowing base from $630 million to $730 million.
13 Apr 2012securities registration● Neutral
QR Energy, LP filed the final prospectus for a registered offering.
10 Apr 2012securities registration● Neutral
QR Energy, LP filed a preliminary prospectus for a registered offering.
9 Apr 2012securities registration● Neutral
QR Energy, LP amended a filing by which it registered a securities offering with the SEC.
9 Apr 2012director interest notice● Neutral
Kinningham Laura became a QR Energy, LP Vice President-Human Resources and company insider (initial ownership filing).
2 Apr 2012director interest notice● Neutral
Magilton Michael D Jr. became a QR Energy, LP VP, Finance & Treasurer and company insider (initial ownership filing).
30 Mar 2012material agreement● Neutral
On March 16, 2012, QR Energy and its lenders signed a second amendment to the credit agreement. It lets the company enter hedges tied to a pending acquisition once the purchase agreement is signed, within set volume caps, and requires it to unwind them if the deal does not close. This enabled the hedges added with the Prize acquisition a few days later (an inference from timing).
26 Mar 2012securities registration● Neutral
QR Energy, LP registered a securities offering with the SEC.
22 Mar 2012material agreement● NeutralMajor
On March 19, 2012, QR Energy's operating subsidiary agreed to buy mainly oil properties in the Ark-La-Tex area (with a small part in Michigan) from Prize Petroleum and Prize Pipeline for about $230 million, expected to close in April 2012. It plans to pay with cash and credit facility borrowings and has secured commitments for an extra $200 million of bank loans if needed. It also added oil price swaps for May 2012 through 2017, for example 850 barrels a day at an average $109.17 in 2012 and 1,580 barrels a day at $92.33 in 2017.
12 Mar 2012director interest notice● Neutral
QR Energy, LP Chief Executive Officer Smith Alan L had 918 shares withheld for taxes on vesting stock.
17 Jan 2012director interest notice● Neutral
QR Energy, LP Chief Financial Officer Cedric W. Burgher gifted 600 shares.
27 Dec 2011director interest notice● Neutral
QR Energy, LP Chief Financial Officer Burgher Cedric W had 4,583 shares withheld for taxes on vesting stock.
27 Dec 2011director interest notice● Neutral
QR Energy, LP Vice President of Operations Geiger Paul W III had 396 shares withheld for taxes on vesting stock.
22 Dec 2011director interest notice● Neutral
QR Energy, LP Vice President of Operations Geiger Paul W III had 396 shares withheld for taxes on vesting stock.
22 Dec 2011director interest notice● Neutral
QR Energy, LP Chief Financial Officer Burgher Cedric W had 4,583 shares withheld for taxes on vesting stock.
8 Dec 2011director interest notice● Neutral
QR Energy, LP director Richard K Hebert bought 200 shares on the open market at $19.95.
2 Dec 2011director interest notice● Neutral
QR Energy, LP Marketing Director Austin Mary Jo bought 50 shares on the open market at $20.18.
29 Nov 2011director interest notice● Neutral
QR Energy, LP Chief Financial Officer Burgher Cedric W bought 500 shares on the open market.
25 Nov 2011director interest notice● Neutral
QR Energy, LP VP Business Development Castiglione Mark bought 2,000 shares on the open market at $19.71.
22 Nov 2011director interest notice● Neutral
QR Energy, LP director Powell Donald E bought 3,618 shares on the open market.
18 Nov 2011director interest notice● Neutral
QR Energy, LP director Powell Donald E bought 1,382 shares on the open market.