Key Developments: Eagle Rock Energy Partners LP (EROC.O)

EROC.O on Nasdaq

2.47USD
1 May 2015
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Latest Key Developments (Source: Significant Developments)

Eagle Rock Energy Partners LP gives FY 2015 production guidance
Wednesday, 29 Apr 2015 06:12pm EDT 

Eagle Rock Energy Partners LP:Expects production to average between 75 and 78 MMcfe/d for FY 2015.  Full Article

Eagle Rock Energy Partners Lp announces fourth quarter 2014 cash distribution; updates on share repurchase
Monday, 26 Jan 2015 07:32am EST 

Eagle Rock Energy Partners Lp:Says that it has approved cash distribution for the quarter ended Dec. 31, 2014 of $0.07 per common unit (including eligible restricted common units), equivalent to $0.28 per unit on an annualized basis.The distribution will be paid on Feb. 13, 2015.Paid to unitholders of record as of the close of business on Feb. 6, 2015.And represents no change from the distribution of $0.07 per common unit paid with respect to the third quarter.Pursuant to its previously announced common unit repurchase program, as of Jan. 23, 2015 Eagle Rock had repurchased about 8.5 million units for a total consideration of about $22 million.These repurchase amounts are not indicative of Eagle Rock's go-forward repurchasing plan, and any future repurchases will be at management's discretion.The repurchase program does not obligate the Partnership to acquire any, or any specific number of, units and may be discontinued at any time.  Full Article

Eagle Rock Energy Partners Lp announces third quarter cash distribution, common unit repurchase program
Monday, 27 Oct 2014 05:13pm EDT 

Eagle Rock Energy Partners Lp:Declares a cash distribution for the quarter ended Sept. 30 of $0.07 per common unit equivalent to $0.28 per unit on an annualized basis.Payable on Nov. 14 to unitholders of record on Nov. 07.Authorizes a common unit repurchase program of up to $100 mln, in light of recent and potentially persisting economic and market conditions and Eagle Rock's liquidity position.  Full Article

Regency Energy Partners LP closes on acquisition of Midstream Business of Eagle Rock Energy Partners L P
Tuesday, 1 Jul 2014 09:25am EDT 

Regency Energy Partners LP:Announced that it has closed on its previously announced acquisition of the midstream business of Eagle Rock Energy Partners, LP for a combination of cash, Regency common units and assumption of indebtedness.Issued about 8.2 million Regency common units to Eagle Rock and assumed about $500 million of outstanding Eagle Rock senior notes and exchanged those notes into Regency senior notes.  Full Article

Eagle Rock Energy Partners announces change in executive team
Monday, 12 May 2014 06:57pm EDT 

Eagle Rock Energy Partners:Says Jeff Wood, Senior Vice President and Chief Financial Officer, will resign effective May 30.Upon Wood's departure, Eagle Rock intends to appoint as Chief Financial Officer, on an interim basis.  Full Article

Eagle Rock Energy Partners LP announces suspension of distribution
Wednesday, 23 Apr 2014 06:29pm EDT 

Eagle Rock Energy Partners:Announces a suspension of quarterly distribution in order to preserve liquidity in advance of closing the contribution of Midstream Business to Regency Energy Partners LP.  Full Article

Robbins Geller Rudman & Dowd LLP files class action suit against Eagle Rock Energy Partners LP
Friday, 21 Mar 2014 08:03pm EDT 

Robbins Geller Rudman & Dowd LLP:Commences class action in the United States District Court for Southern District of Texas on behalf of holders of Eagle Rock Energy Partners LP common units on Dec. 23, 2013 in connection with acquisition of Eagle Rock by Regency Energy Partners LP and Regal Midstream LLC.Complaint alleges that Eagle Rock, Eagle Rock Energy G&P, LLC, general partner of Eagle Rock Energy GP, LP, members of LLC's board of directors, Regency LP and Regal breached their duties and/or aided and abetted breaches of duties in connection with acquisition of Eagle Rock by Regency.In addition, complaint charges Eagle Rock, LLC, GP and the with violations of ยงยง14(a) and 20(a) of Securities Exchange Act of 1934, arising out of these defendants' dissemination of a false and misleading proxy statement in connection with proposed acquisition.  Full Article

Rigrodsky & Long, P.A. files class action lawsuit against Eagle Rock Energy Partners Lp
Thursday, 6 Mar 2014 06:06pm EST 

Rigrodsky & Long, P.A:Files a complaint alleging breaches of fiduciary duty and other violations of law has been filed in the United States District Court for the Southern District of Texas against the board of directors of Eagle Rock Energy Partners, L.P.In connection with the company's entry into an agreement to sell its midstream business to Regency Energy Partners LP in a transaction valued at about $1.3 bln.Under the terms of the agreement, Regency is exchanging $550 mln of Eagle Rock debt (in the form of outstanding senior unsecured notes) for an equivalent amount of Regency senior unsecured notes.Receives $200 mln of newly-issued common units and about $520 mln in cash from Regency.  Full Article

Eagle Rock Energy Partners Lp announces fourth quarter 2013 cash distribution
Monday, 27 Jan 2014 06:18pm EST 

Eagle Rock Energy Partners Lp:Says it has declared a cash distribution for the quarter ended Dec. 31, 2013 of $0.15 per common unit (including eligible restricted common units), equivalent to $0.60 per unit on an annualized basis.Says the distribution will be paid on Feb. 14, to unitholders of record as of the close of business on Feb. 7, and represents no change from the distribution of $0.15 per common unit paid with respect to the third quarter.  Full Article

Eagle Rock Energy Partners Lp gives Q3 2013 EBITDA guidance in line with analysts' estimates
Monday, 28 Oct 2013 05:45pm EDT 

Eagle Rock Energy Partners Lp:Says Q3 2013 adjusted EBITDA of about $62.8 million.Q3 2013 EBITDA of $63 million - Thomson Reuters I/B/E/S Estimates.  Full Article

Fund managers bet on battered 'small oil' stocks

LONDON, Feb 13 - After a rout in energy stocks on the back of a slump in crude oil prices, some fund managers have started fishing for smaller oil exploration companies, betting that a price recovery will lead them to outperform.

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