Key Developments: LRR Energy LP (LRE.N)

LRE.N on New York Stock Exchange

14.78USD
1 Aug 2013
Price Change (% chg)

$-0.27 (-1.79%)
Prev Close
$15.05
Open
$15.01
Day's High
$15.10
Day's Low
$14.78
Volume
16,896
Avg. Vol
30,865
52-wk High
$20.00
52-wk Low
$13.15

Search Stocks

Latest Key Developments (Source: Significant Developments)

LRR Energy LP Raises Low End Of Prior FY 2013 Production Guidance
Thursday, 1 Aug 2013 05:32pm EDT 

LRR Energy LP announced that for fiscal 2013, it is increasing the bottom end of its daily production guidance range by 50 Boe/d and expects daily Production (Boe/d) in the range of 6,300 - 6,550.  Full Article

LRR Energy, L.P. Announces Increased Quarterly Cash Distribution
Friday, 19 Jul 2013 11:53am EDT 

LRR Energy, L.P. announced that the Board of Directors of its general partner declared an increased cash distribution for the second quarter of 2013 of $0.485 per outstanding unit, or $1.94 on an annualized basis. The distribution will be paid on August 14, 2013, to all unitholders of record as of the close of business on July 30, 2013.  Full Article

LRR Energy LP Reaffirms FY 2013 Production Guidance
Thursday, 6 Jun 2013 07:00am EDT 

LRR Energy LP announced that for fiscal 2013, it expects daily Production (Boe/d) to be in the range of 6,250 - 6,550.  Full Article

LRR Energy LP Raises FY 2013 Production Guidance
Wednesday, 1 May 2013 04:58pm EDT 

LRR Energy LP announced that for fiscal 2013, it expects daily Production (Boe/d) to be in the range of 6,250 - 6,550.  Full Article

LRR Energy LP Announces Increased Quarterly Cash Distribution
Wednesday, 17 Apr 2013 05:52pm EDT 

LRR Energy LP announced that the Board of Directors of its general partner declared an increased cash distribution for the first quarter of 2013 of $0.4825 per outstanding unit, or $1.93 on an annualized basis. The distribution will be paid on May 15, 2013, to all unitholders of record as of the close of business on May 1, 2013.  Full Article

LRR Energy LP Announces Closing Of Acquisition Of Oil And Gas Properties In Oklahoma From Lime Rock Resources
Monday, 1 Apr 2013 05:37pm EDT 

LRR Energy LP announced that it closed its previously announced acquisition of oil and natural gas properties in the Mid-Continent region in Oklahoma and crude oil hedges from its sponsor, Lime Rock Resources, for a purchase price of $38.2 million subject to customary purchase price adjustments. LRE funded the acquisition with borrowings under its revolving credit facility. LRE has $185 million of outstanding borrowings under its revolving credit facility and $50 million of outstanding borrowings under its term loan as of April 1, 2013. LRE has an additional $65 million available under its credit facility which management believes provides ample financial flexibility to execute its capital program and distribution strategy.  Full Article

LRR Energy LP Prices Public Offering Of Common Units
Tuesday, 19 Mar 2013 09:22am EDT 

LRR Energy LP announced the pricing of an underwritten public offering of 6,000,000 common units, of which 3,000,000 common units are being offered by LRR Energy and 3,000,000 common units are being offered by LRR Energy`s sponsor, Lime Rock Resources, at a offering price of $16.84 per common unit. The underwriters have been granted a 30-day option to purchase up to 700,000 additional common units from LRR Energy and up to 200,000 additional common units from Lime Rock Resources. The offering is scheduled to close on March 22, 2013. LRE`s second lien term loan requires LRE to use 50% of the net cash proceeds from any equity offering to repay borrowings outstanding under LRE`s term loan. LRE plans to use the net proceeds from the offering and from any exercise of the underwriter's option to purchase additional common units from LRE to repay borrowings outstanding under LRE`s revolving credit facility. In the event LRE does not receive the waiver prior to the closing of the offering, LRE will use 50% of the net proceeds from the offering, or approximately $24.2 million, to repay borrowings outstanding under LRE`s term loan and the remaining net proceeds to repay borrowings outstanding under LRE`s revolving credit facility. Raymond James, Barclay's and UBS Investment Bank are acting as joint book-running managers of the offering. Baird, Oppenheimer & Co., Stifel, Ladenburg Thalmann & Co. Inc., MLV & Co. and Wunderlich Securities are acting as co-managers of the offering  Full Article

LRR Energy LP Announces Public Offering of Common Units
Monday, 18 Mar 2013 04:21pm EDT 

LRR Energy LP announced that it plans to conduct an underwritten public offering of 6,000,000 common units, of which 3,000,000 common units are being offered by LRR Energy and 3,000,000 common units are being offered by LRR Energy`s sponsor, Lime Rock Resources, pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters will be granted a 30-day option to purchase up to 700,000 additional common units from LRR Energy and up to 200,000 additional common units from Lime Rock Resources. LRE`s second lien term loan requires LRE to use 50% of the net cash proceeds from any equity offering to repay borrowings outstanding under LRE`s term loan. LRE will use 50% of the net proceeds from the offering to repay borrowings outstanding under LRE`s term loan and the remaining net proceeds to repay borrowings outstanding under LRE`s revolving credit facility. LRE will not receive any proceeds from the sale of the common units held by Lime Rock Resources. Raymond James, Barclays and UBS Investment Bank are acting as joint book-running managers of the offering. Baird, Oppenheimer & Co., Stifel, Ladenburg Thalmann & Co. Inc., MLV & Co. and Wunderlich Securities are acting as co-managers of the offering.  Full Article

LRR Energy LP to Acquire Oil and Gas Producing Properties in Oklahoma from Lime Rock Resources
Monday, 18 Mar 2013 04:18pm EDT 

LRR Energy LP announced that it signed a definitive agreement to acquire oil and natural gas properties in the Mid-Continent region in Oklahoma and crude oil hedges from its sponsor, Lime Rock Resources, for a purchase price of $38.2 million, subject to customary purchase price adjustments. The effective date of the transaction will be April 1, 2013, and closing of the transaction is expected to occur on or about April 1, 2013, and is subject to customary approvals and closing conditions. LRE plans to finance the transaction with borrowings under its existing revolving credit facility. Terms of the transaction were approved on March 18, 2013, by the Board of Directors of the general partner of LRE. The Board's conflicts committee, which is comprised entirely of independent directors, approved the terms of the transaction on March 18, 2013.  Full Article

LRR Energy LP Issues FY 2013 Production Guidance
Thursday, 7 Mar 2013 07:02am EST 

LRR Energy LP announced that for fiscal 2013, it expects daily Production (Boe/d) to be in the range of 6,200 - 6,500.  Full Article

Search Stocks