Latest Postrock Energy Corp (PSTR) Headlines Co
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Constellation Energy Partners: Former Sponsor, an Exelon Subsidiary, Seeks to Recover Damages from the Company in a New Delaware Lawsuit
Business Wire - Wed Mar 05, 4:15PM CST
Constellation Energy Partners LLC (NYSE MKT: CEP) today announced that a subsidiary of Exelon Corporation (NYSE: EXC) has filed a complaint against CEP in the Court of Chancery of the State of Delaware (the "Exelon Litigation").
PostRock Energy in Tentative Settlement With CEP and Sanchez Energy
GlobeNewswire - Tue Mar 04, 5:00PM CST
PostRock Energy Corporation (NasdaqSTR) today announced that the trial in Delaware of its suit against Constellation Energy Partners, LLC and Sanchez Energy Partners I, LP, et al. had been postponed indefinitely based on an anticipated settlement. While nothing has yet been finalized, the proposed settlement contemplates PostRock recovering a target of $21.6 million via the sale of all of its A Units to CEP and Sanchez followed by the orderly disposition of its B Units in a combination of a sale or sales to Sanchez and various block or other market transactions in the course of 2014. Full details of the settlement will be disclosed promptly as soon as it is finalized.
PostRock Exchanges Common Stock for Warrants
GlobeNewswire - Mon Dec 23, 4:00PM CST
PostRock Energy Corporation (NasdaqSTR) today announced that on December 13, 2013, it issued 1,123,981 shares of PostRock common stock to White Deer Energy L.P., White Deer Energy TE L.P. and White Deer Energy FI L.P. ("White Deer") in exchange for warrants held by White Deer exercisable for 22,241,333 shares of common stock together with a like number of one one-hundredths of a share of Series B Voting Preferred Stock which were issued as a unit with the warrants. The warrants had exercise prices ranging from $2.80 to $6.39 per share, with a weighted average exercise price of $3.23 per share. The transaction reduces the outstanding warrants by approximately 55%. Following the exchange, White Deer owned 10,958,601 shares of common stock and warrants to purchase 17,704,904 shares of common stock with a weighted average exercise price of $1.58 per share. White Deer's fully diluted ownership after the exchange and assuming conversion of all other derivative securities outstanding is reduced from 69% to 57%, and White Deer's voting power is reduced from 64% to 51%.
Form 4: Update Filing for PostRock Energy Corp (PSTR)
Vickers Stock Research - Thu Dec 19, 6:32AM CST
Plan includes gradual rate adjustments to save customers money related to costs for new power plant
PostRock Reports Third Quarter Results
GlobeNewswire - Wed Nov 06, 6:00PM CST
PostRock Energy Corporation (NasdaqSTR) today announced its results for the quarter ended September 30, 2013.
PostRock Closes Two Acquisitions
GlobeNewswire - Mon Nov 04, 6:00AM CST
PostRock Energy Corporation (NasdaqSTR) today announced that it closed two acquisitions on November 1, 2013.
PostRock Announces Third Quarter Earnings Call
GlobeNewswire - Thu Oct 31, 5:00PM CDT
PostRock Energy Corporation (NasdaqSTR) announced that it will host its quarterly webcast and conference call on Thursday, November 7, 2013 at 10:00 a.m. Central Time. The live webcast will be accessible on the 'Investors' page at www.pstr.com, where it will also be available for replay. The conference call number for participation is (866) 516-1003.
PostRock Energy Corporation reports rise of USD20m in borrowing base
M2 - Wed Oct 30, 5:37AM CDT
Natural gas company PostRock Energy Corporation (NasdaqGMSTR) stated on Tuesday that its revolving credit facility's borrowing base has been raised to USD115m.
PostRock Announces Increase in Borrowing Base
GlobeNewswire - Tue Oct 29, 5:00PM CDT
PostRock Energy Corporation (NasdaqSTR) today announced that the borrowing base under its revolving credit facility has been increased to $115 million based on mid-year reserves. This represents a $20 million increase in the Company's borrowing base.
PostRock Acquires Oklahoma Properties
GlobeNewswire - Tue Oct 15, 6:00AM CDT
PostRock Energy Corporation (NasdaqSTR) today announced that it was acquiring approximately 22,000 net acres of leasehold in Pottawatomie, Cleveland and McCain Counties in central Oklahoma. The properties are being purchased for $10 million, including $3.0 million of cash and $7.0 million of PostRock common stock. Approximately 9,000 of the 22,000 net acres are held by production. Currently, production approximates 50 net barrels of oil equivalent ("BOE") per day from a variety of formations. Producing depths range from 3,000 to 6,000 feet. Closing is expected within 30 days, with an effective date of July 1, 2013.
Murphy Oil Stays Neutral - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 18, 12:30PM CDT
We maintain our Neutral recommendation on Murphy Oil Corp.
The Zacks Analyst Blog Highlights: Marathon Oil, China Petroleum, TransAtlantic Petroleum, PostRock Energy and International Paper
PR Newswire - Thu Sep 12, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Marathon Oil Corp. (NYSE:MRO-Free Report), China Petroleum and Chemical Corp, orSinopec (NYSE:SNP-Free Report), TransAtlantic Petroleum Ltd. (AMEX:TAT-Free Report), PostRock Energy Corp. (NasdaqSTR-Free Report) and International Paper Company (NYSE:IP-Free Report).
Marathon Oil Focuses on Share Buyback - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 11, 3:40PM CDT
Marathon Oil Corp. is pursuing its plan to buyback common shares worth $1 billion.
MUR Provides Production Update - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 11, 9:50AM CDT
Murphy Oil Corporation has provided its third-quarter and full-year 2013 worldwide production guidance.
Constellation Energy Partners Believes Allegations Contained in a Lawsuit Filed by a Subsidiary of PostRock Energy Are Without Merit
Business Wire - Thu Sep 05, 3:15PM CDT
Constellation Energy Partners LLC (NYSE MKT: CEP) today announced that Constellation Energy Partners Management, LLC, a wholly owned subsidiary of PostRock Energy Corporation (NASDAQ: PSTR), along with Gary M. Pittman, and John R. Collins, both former Class A managers of CEP, have filed a complaint in the Court of Chancery of the State of Delaware against CEP, certain of CEP's executives and managers, and other parties related to CEP's acquisition of oil, natural gas and natural gas liquids assets in Texas and Louisiana from Sanchez Energy Partners I, LP in August 2013 (the "PostRock Litigation").
MUR Completes Murphy USA Spin-Off - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 03, 1:55PM CDT
Murphy Oil Corporation has completed the spin-off of its U.S. downstream subsidiary, Murphy Oil USA, Inc.
PostRock Reports Second Quarter Results
GlobeNewswire - Wed Aug 07, 5:00PM CDT
PostRock Energy Corporation (NasdaqSTR) today announced its results for the quarter ended June 30, 2013.
PostRock Announces Second Quarter Earnings Call
GlobeNewswire - Wed Jul 31, 4:30PM CDT
PostRock Energy Corporation (NasdaqSTR) announced that it will host its quarterly webcast and conference call on Thursday, August 8, 2013 at 10:00 a.m. Central Time. The live webcast will be accessible on the 'Investors' page at www.pstr.com, where it will also be available for replay. The conference call number for participation is (866) 516-1003.
PostRock Provides Operational Update
GlobeNewswire - Thu Jul 11, 6:00AM CDT
PostRock Energy Corporation (NasdaqSTR) today provided an update on its operations. During the second quarter, the Company spent approximately $11.9 million on development projects, primarily targeting oil development and infrastructure. The Company's debt at June 30 totaled $77.5 million. Oil sales during the quarter averaged slightly more than 540 Bbls a day, a 50% increase from first quarter levels and more than double the prior year period. Gas sales during the period declined 11.7% from the prior year period, to an average of 39.9 MMcf per day, as the Company has not made material expenditures on gas development projects in the last 21 months. The gas decline rate is expected to moderate as the Company's wells move down their decline curve and the fuel savings and increased reliability to be realized from the compression project materialize.
PostRock Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2013
M2 - Wed Jul 10, 3:59AM CDT
Summary