22 May 2017director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 1,328 shares on the open market at $17.71.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 May 2017director interest notice● Neutral
VNOM Sub, Inc. director Steven E West bought 14,000 shares on the open market at $17.83.
16 May 2017director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 2,917 shares on the open market at $17.71.
9 May 2017director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 1,389 shares on the open market at $18.00.
4 May 2017quarterly activities report● Neutral
VNOM Sub, Inc. reported a quarterly net income of $22.1 million for the period ended 2017-06-30.
2 May 2017quarterly activities report● Neutral
VNOM Sub, Inc. reported a quarterly net income of $22.1 million for the period ended 2017-06-30.
27 Apr 2017director interest notice● Neutral
Thomas F. Hawkins became a VNOM Sub, Inc. Sr. VP - Land and company insider (initial ownership filing).
27 Apr 2017director interest notice● Neutral
Spencer D Armour III became a VNOM Sub, Inc. director and company insider (initial ownership filing).
27 Apr 2017director interest notice● Neutral
Hof Matthew Kaes Van't became a VNOM Sub, Inc. President and company insider (initial ownership filing).
23 Mar 2017director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 2,840 shares on the open market at $17.60.
24 Jan 2017material agreement● NeutralMajor
The January 2017 unit sale (the one flagged by the earlier prospectus filings) closed on January 24: 8,500,000 units at $15.50, plus the underwriters' full 1,275,000-unit option exercised on January 19, for net proceeds of about $147.6 million. The money is meant to repay revolver borrowings and for general purposes, possibly including more acquisitions. The price is below the $16.00 paid in the July 2016 offering (comparison from earlier context), and new units add to the unit count.
23 Jan 2017securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.
18 Jan 2017securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.
18 Jan 2017securities registration● Neutral
VNOM Sub, Inc. filed a free-writing prospectus - marketing material for an offering in progress.
3 Nov 2016debt financing● Neutral
As of October 28, 2016 the company signed a fourth amendment to its Wells Fargo credit agreement, raising both the maximum credit amounts and the borrowing base to $275.0 million, up from the $175.0 million set in June 2016. The amendment also raised interest margins, to 1.00%-2.00% over the alternate base rate and 2.00%-3.00% over LIBOR. This gives more borrowing capacity at a higher cost.
12 Sept 2016director interest notice● Neutral
VNOM Sub, Inc. VP, General Counsel, Secretary Randall J Holder bought 5,000 shares on the open market at $16.44.
9 Sept 2016director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 1,245 shares on the open market at $16.13.
25 Aug 2016director interest notice● Neutral
VNOM Sub, Inc. director William Wesley Perry received 5,424 shares as part of the equity award.
25 Aug 2016director interest notice● Neutral
VNOM Sub, Inc. director Steven E West received 5,424 shares as part of the equity award.
25 Aug 2016director interest notice● Neutral
VNOM Sub, Inc. director Rubin James L. received 5,424 shares as part of the equity award.
25 Aug 2016director interest notice● Neutral
VNOM Sub, Inc. director Grover Rosalind Redfern received 5,424 shares as part of the equity award.
1 Aug 2016material agreement● NeutralMajor
On July 26, 2016 the company agreed to sell 7,000,000 common units at $16.00 each (plus a 1,050,000-unit option), and the firm offering closed August 1, 2016 with net proceeds of about $109.0 million. Diamondback bought 2,000,000 of the units and held about 84% of the partnership afterward. Proceeds are intended to repay part of the revolving credit facility and fund a pending acquisition of Delaware Basin mineral interests, which the filing does not price or detail. The $16.00 price is well below the $26.00 and $28.50 offering prices from 2014, a comparison drawn from earlier filings.
28 July 2016securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.
25 July 2016securities registration● Neutral
VNOM Sub, Inc. filed a prospectus supplement for an offering off its existing shelf.
27 June 2016debt financing● Neutral
On June 21, 2016 the company signed a third amendment to its July 2014 credit agreement with Wells Fargo, setting the borrowing base at $175.0 million. The amendment also requires the borrower and other loan parties to provide control agreements over deposit and securities accounts to secure the loan. The filing does not state the previous borrowing base, so the size of the change cannot be determined from it.
22 Dec 2015director interest notice● Neutral
VNOM Sub, Inc. VP - Bus. Dev. and Land Moses Elizabeth bought 4,443 shares on the open market at $14.02.
22 Dec 2015director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 1,000 shares on the open market at $14.33.
8 Dec 2015director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 1,000 shares on the open market at $13.89.
16 Nov 2015director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 1,500 shares on the open market at $15.59.
18 Sept 2015director interest notice● Neutral
VNOM Sub, Inc. director Hollis Michael L. bought 3,000 shares on the open market at $15.80.