Harvest Oil & Gas Corp. announced today the results of the voting of stockholders at its annual meeting of stockholders held on June 16, 2020 . A summary of the matters voted upon and the voting results for each matter are set forth below. Proposal 1: To elect five directors to serve until the 2021 Annual Meeting of Stockholders. The stockholders elected each of Timothy S. Caflisch, Patrick Hickey, Michael E. Mercer [...]
Harvest Oil & Gas today announced results for the first quarter of 2020. key Highlights: Average daily production was 36.5 MMcfe for the first quarter of 2020. In January 2020, the Company unwound certain commodity derivative contracts in conjuncton with closed divestitures for cash settlements received of $1.1 million. On May 8, 2020, the Company completed a one-for-ten reverse stock split of its common stock. On May 15 [...]
Harvest Oil & Gas announced today that it has filed a Form 15 with the SEC to voluntarily deregister its common stock, par value $0.01 per share and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. As a result of the Form 15 filing, the Company will no longer be required to file reports under the Exchange Act, including annual reports on Form 10-K, quarterly reports on Form 10-Q and [...]
Harvest Oil & Gas announced today a 10-for-1 reverse stock split of the Company’s shares of common stock, par value $0.01 per share. The 10-for-1 reverse stock split will be effective as of 5:00 p.m. Eastern Time on May 8, 2020 and the Company’s Common Stock will begin trading on an as-adjusted basis at the market opening on May 11, 2020. Harvest’s Common Stock will continue to trade on OTCQX under the trading symbol [...]
Harvest Oil & Gas today announced results for the fourth quarter and full year of 2019 and the filing of its Form 10-K with the SEC. In addition, Harvest announced its 2019 year-end proved reserves and provided guidance for 2020. Key Highlights: Average daily production was 53.1 MMcfe for the fourth quarter of 2019. Made a cash distribution of $7.00 per share in October 2019. Entered into a new $10 million credit facility [...]
Harvest Oil & Gas announced today that its board of directors has approved a share repurchase program under which Harvest is authorized to repurchase up to $5.0 million of its outstanding common stock. Share repurchases may be made from time to time, at the Company’s discretion, through open market repurchases or negotiated transactions, which may be effected through Rule 10b5-1 trading plans. The Company intends to fund [...]
EV Energy Partners, L.P. today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas Corp. Through the restructuring, Harvest has eliminated approximately $355 million of debt and accrued interest from its balance sheet and significantly enhanced its financial flexibility. At its emergence, the Company entered into an [...]
EV Energy Partners L.P. announced that the Company entered into a restructuring support agreement with certain holders of approximately 70 percent of its 8.0% senior notes due 2019 and lenders holding approximately 94 percent of the principal amount outstanding under the Company’s reserve-based lending facility on March 13, 2018. The RSA was also signed by EnerVest and EnerVest Operating as they will continue to provide [...]
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