14 Feb 2005substantial holder notice● Neutral
Wellington Management Company, LLP reported a WARREN RESOURCES INC shareholding of 4,400,000 shares (13.30% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2004material agreement▲ GoodMajor
On December 16, 2004 the company signed an underwriting agreement with KeyBanc Capital Markets for its initial public offering of 9,500,000 shares, with an option for up to 1,425,000 more; a December 22 press release reports the offering was completed. This follows the December 2004 private placement, and insiders agreed to a 180-day lockup. The filing gives no offering price or proceeds.
17 Dec 2004securities registration● Neutral
WARREN RESOURCES INC filed the final prospectus for a registered offering.
16 Dec 2004securities registration● Neutral
WARREN RESOURCES INC registered additional securities for an offering already underway.
2 Dec 2004securities registration● Neutral
WARREN RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
1 Dec 2004capital raising announcement● NeutralMajor
On December 1, 2004, the company (now shown as a Maryland corporation, a change from Delaware not explained in this filing) raised $21 million in a private placement, selling 3 million units to institutional investors. Each unit is a share plus five-year warrants at $10 and $12.50 (750,000 shares each), which dilutes existing holders if exercised; placement fees were $507,500. The company must register the shares for resale and would issue extra warrants if its stock has not begun public trading within a year.
25 Aug 2004securities registration● Neutral
WARREN RESOURCES INC registered a securities offering with the SEC.
10 Mar 2004substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial WARREN RESOURCES INC shareholding (10.34% of votes).
22 May 2003director interest notice● Neutral
Anthony L Coelho became a WARREN RESOURCES INC director and company insider (initial ownership filing).
22 May 2003director interest notice● Neutral
Alleva Dominick D became a WARREN RESOURCES INC director and company insider (initial ownership filing).
12 May 2003director interest notice● Neutral
David E Fleming became a WARREN RESOURCES INC Secretary & General Counsel and company insider (initial ownership filing).
12 May 2003director interest notice● Neutral
Norman F Swanton became a WARREN RESOURCES INC Chairman & CEO and company insider (initial ownership filing).
12 May 2003director interest notice● Neutral
Timothy A Larkin became a WARREN RESOURCES INC Sr. VP & CFO and company insider (initial ownership filing).
24 Dec 2002asset acquisition disposition▲ GoodMajor
On December 13, 2002, the company closed a deal with Anadarko covering the Atlantic Rim coalbed area in Carbon County, Wyoming: Anadarko took an undivided 50% of Warren's interest in the defined joint-venture area (about 134,263 net acres) for $12 million cash, a $6 million deferred obligation (paid as Anadarko covers Warren's share of costs, over three years to July 31, 2005), and a $4,285,902.70 cost reimbursement. Warren and Anadarko each end up with 50% (about 66,361 net acres) in the area, Anadarko becomes operator of record with Warren doing drilling and other work under a services agreement, and Warren keeps 100% of about 64,731 net acres outside the area.
11 Sept 2002business combination● Neutral
Completing the plan proposed in the 2001 proxy, the company reincorporated from New York to Delaware on September 5, 2002 after shareholders approved it by more than 66-2/3%. Each share converted one-for-one into a Delaware share (par value $0.0001) with no certificate exchange needed, and the filing says business, management and assets are unchanged. The three stock incentive plans were also approved.
1 Apr 2002late filing notice▼ Bad
WARREN RESOURCES INC notified the SEC that its annual report would be filed late.
28 Feb 2002drilling progress report● Neutral
On February 14, 2002, the company's indirect subsidiary CJS Pinnacle Petroleum Services sold substantially all its assets to Basic Energy Services for up to $4.2 million: $3.7 million cash plus up to $500,000 in drilling-service credits usable over 36 months. Pinnacle also agreed not to compete in well-servicing within 200 miles of its Beeville, Texas and Artesia, New Mexico offices for three years.
14 Feb 2002substantial holder notice● Neutral
James C. Johnson, Jr. disclosed a new substantial WARREN RESOURCES INC shareholding (6.50% of votes).
14 Feb 2002substantial holder notice● Neutral
Norman F. Swanton disclosed a new substantial WARREN RESOURCES INC shareholding (16.40% of votes).
14 Feb 2002substantial holder notice● Neutral
Greg S. Johnson disclosed a new substantial WARREN RESOURCES INC shareholding (5.60% of votes).
2 Nov 2001business combination● Neutral
Warren Resources, a New York company, filed a preliminary proxy asking shareholders to approve moving its incorporation to Delaware by merging into a wholly-owned Delaware subsidiary, plus three stock incentive plans. The reincorporation needs a two-thirds vote of the 17,537,579 shares outstanding on the October 31, 2001 record date; the letter says the company is in the process of becoming a publicly-reporting company. Meeting date and place are left blank in this draft.