13 Nov 2017securities registration● Neutral
SRC Energy Inc. 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.
9 Nov 2017material agreement● Neutral
This 8-K furnishes the November 8, 2017 press release announcing the $568 million cash purchase of undeveloped land and non-operating production from Noble Energy. It repeats the deal already reported in the November 8 filing and adds no new terms.
8 Nov 2017securities registration● Neutral
SRC Energy Inc. filed a prospectus supplement for an offering off its existing shelf.
8 Nov 2017debt financing● NeutralMajor
On November 7, 2017 the company agreed to buy about 30,200 net acres of undeveloped acreage and non-operated properties in Weld County, Colorado from Noble Energy for $568 million (the GCII Acquisition), with closing expected in December 2017. A second closing for operated producing properties depends on regulatory approval and may not happen for a long time or at all. It paid a $60.8 million deposit partly from its credit line, leaving $230 million outstanding on the facility. It also announced a planned private offering of senior notes, and filed a Ryder Scott audit letter saying its September 30, 2017 reserve estimates were reasonable within a 10% tolerance.
1 Nov 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $103.6 million and net income of $43.8 million for the period ended 2017-09-30.
1 Nov 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $103.6 million and net income of $43.8 million for the period ended 2017-09-30.
26 Oct 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $103.6 million and net income of $43.8 million for the period ended 2017-09-30.
3 Oct 2017director interest notice● Neutral
SRC Energy Inc. director Jack N Aydin acquired 8,242 shares at $8.91 under a company stock plan.
3 Oct 2017director interest notice● Neutral
SRC Energy Inc. director Paul Korus acquired 5,717 shares at $8.91 under a company stock plan.
3 Oct 2017director interest notice● Neutral
SRC Energy Inc. director Raymond E Mcelhaney acquired 5,717 shares at $8.91 under a company stock plan.
3 Oct 2017director interest notice● Neutral
SRC Energy Inc. director Daniel E Kelly acquired 5,717 shares at $8.91 under a company stock plan.
28 Sept 2017production update● Neutral
On September 27, 2017 the company (now SRC Energy Inc., at 1675 Broadway) issued a press release with a production update, a higher borrowing base on its credit line, and completion of the second closing of the Greeley Crescent acquisition. The 8-K itself gives no figures; the numbers are in the press release exhibit, which is not reproduced here.
5 Sept 2017director interest notice● Neutral
SRC Energy Inc. Vice President/General Counsel Cathleen M Osborn had 3,235 shares withheld for taxes on vesting stock.
25 Aug 2017director interest notice● Neutral
SRC Energy Inc. EVP & Chief Financial Officer James P Henderson had 4,795 shares withheld for taxes on vesting stock.
3 Aug 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $75.0 million and net income of $27.9 million for the period ended 2017-06-30.
3 Aug 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $75.0 million and net income of $27.9 million for the period ended 2017-06-30.
25 July 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $75.0 million and net income of $27.9 million for the period ended 2017-06-30.
5 July 2017director interest notice● Neutral
SRC Energy Inc. director Raymond E Mcelhaney acquired 5,719 shares at $6.56 under a company stock plan.
5 July 2017director interest notice● Neutral
SRC Energy Inc. director Jack N Aydin acquired 9,149 shares at $6.56 under a company stock plan.
5 July 2017director interest notice● Neutral
SRC Energy Inc. director Paul Korus acquired 5,719 shares at $6.56 under a company stock plan.
5 July 2017director interest notice● Neutral
SRC Energy Inc. director Daniel E Kelly acquired 8,387 shares at $6.56 under a company stock plan.
23 June 2017director interest notice● Neutral
SRC Energy Inc. VP & Chief Accounting Officer Jared Grenzenbach had 1,096 shares withheld for taxes on vesting stock.
8 June 2017director interest notice● Neutral
SRC Energy Inc. Chief Operating Officer-Dev Nicholas Spence bought 8,000 shares on the open market at $6.45.
31 May 2017director interest notice● Neutral
SRC Energy Inc. President, CEO Lynn A Peterson had 15,988 shares withheld for taxes on vesting stock.
10 May 2017director interest notice● Neutral
SRC Energy Inc. Chief Accounting Officer Jared Grenzenbach had 957 shares withheld for taxes on vesting stock.
4 May 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $43.8 million and net income of $19.9 million for the period ended 2017-03-31.
4 May 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $43.8 million and net income of $19.9 million for the period ended 2017-03-31.
20 Apr 2017quarterly activities report● Neutral
SRC Energy Inc. reported quarterly revenue of $43.8 million and net income of $19.9 million for the period ended 2017-03-31.
10 Apr 2017substantial holder notice● Neutral
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr reported a SRC Energy Inc. shareholding of 21,259,941 shares (10.60% of votes) in a periodic institutional filing.
5 Apr 2017director interest notice● Neutral
SRC Energy Inc. director Raymond E Mcelhaney received 4,068 shares as part of the equity award.