Key Developments: Warren Resources Inc (WRES.OQ)

WRES.OQ on NASDAQ Stock Exchange Global Select Market

2.15USD
19 Dec 2014
Price Change (% chg)

$0.22 (+11.40%)
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$1.93
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Latest Key Developments (Source: Significant Developments)

Warren Resources Inc announces change in CEO and Chairman
Friday, 5 Dec 2014 07:30am EST 

Warren Resources Inc:Says effective immediately, the board has appointed Lance Peterson, as interim chief executive officer and Dominick D'Alleva, as interim chairman.They will succeed Philip A. Epstein, who notified the Board of his decision to resign from his positions as Chairman and Chief Executive Officer in order to pursue other opportunities.  Full Article

Warren Resources Inc updates FY 2014 production guidance - Conference Call
Tuesday, 4 Nov 2014 10:00am EST 

Warren Resources Inc:Says it is guiding production of 14.5 to 15.2 Bcf of natural gas, and 1.1 to 1.12 million barrels of oil for FY 2014.  Full Article

Warren Resources Inc announces closing of $300 mln offering of 9.000 pct. senior notes due 2022
Monday, 11 Aug 2014 10:00pm EDT 

Warren Resources Inc:Says that it has closed on its private offering of $300 million aggregate principal amount of its 9.000 pct. Senior Notes due 2022 at an issue price of 98.617 pct. of the aggregate principal amount of the Notes.Says the net proceeds from the Notes offering were used to fund a portion of the about $312.5 million cash consideration of the purchase price for its previously announced acquisition of the Marcellus assets of Citrus Energy Corporation and two additional working interest owners for $352.5 million.  Full Article

Warren Resources Inc gives Q3 2014 production guidance; raises FY 2014 production guidance
Monday, 11 Aug 2014 06:30am EDT 

Warren Resources Inc:Expects Q3 2014 oil production between 270 - 280 (MBbl).Expects Q3 2014 gas production between 4,400 - 4,900 (MMcf).Expects Q3 2014 oil equivalent production between 1,003 - 1097 (Mboe).Expects FY 2014 oil production between 1,150 - 1,250 (MBbl).Expects FY 2014 gas production between 13,150 - 14,650 (MMcf).Expects FY 2014 oil equivalent production between 3,342 - 3,692 (Mboe).  Full Article

Warren Resources Inc prices $300 million offering of senior notes
Wednesday, 6 Aug 2014 08:15pm EDT 

Warren Resources Inc:Says that it has priced a private offering of $300 million aggregate principal amount of its 9.000 pct. Senior Notes due 2022 at an issue price of 98.617 pct. of the aggregate principal amount of the Notes.Says the offering is expected to close on Aug. 11, 2014.Says the notes will be guaranteed on a senior unsecured basis by each of the Issuer's existing and future direct and indirect domestic subsidiaries that guarantee the Issuer's indebtedness under its credit facility.  Full Article

Warren Resources Inc announces commencement of private $300 mln debt offering
Thursday, 24 Jul 2014 07:20am EDT 

Warren Resources Inc:Intends to commence private offering to eligible purchasers of $300 mln aggregate principal amount of Senior Notes due 2022.Issuer intends to use net proceeds from offering to fund portion of about $312.5 mln cash purchase price for its recently announced acquisition of the Marcellus assets of Citrus Energy Corporation and two additional working interest owners.Notes will be guaranteed on a senior unsecured basis by each of Issuer's existing and future direct and indirect domestic subsidiaries that guarantee the Issuer's indebtedness under its credit facility.  Full Article

Warren Resources Inc announces acquisition of Marcellus Assets of Citrus Energy Corporation for $352.5 mln
Monday, 7 Jul 2014 06:10am EDT 

Warren Resources Inc:Executes purchase and sale agreement to acquire essentially all of Marcellus assets of Citrus Energy Corporation and two additional working interest owners for $352.5 mln.As part of the total consideration, Warren will issue $40 mln in Warren common stock priced at $6.00 per share, with the remainder to be funded through fully committed debt financing.This acquisition provides Warren with substantial new basin platform in prolific Marcellus Shale and adds a new core area to Warren's existing California oil and Wyoming natural gas assets.  Full Article

Warren Resources Inc announces increase in borrowing base to $175 mln under senior credit facility
Monday, 9 Jun 2014 09:30pm EDT 

Warren Resources Inc:Says that syndicate of lenders underwriting the company's $300 mln senior secured credit facility has increased the conforming borrowing base to $175 mln as a result of completing spring 2014 semi-annual redetermination.In addition, credit facility also has been amended to provide Warren with access to a new $10 million sublimit for swing line loans.  Full Article

Warren Resources Inc gives Q2 2014 production guidance; reaffirms FY 2014 production guidance
Wednesday, 7 May 2014 08:00am EDT 

Warren Resources Inc:Expects Q2 2014 oil production between 285 -- 295 (MBbl).Expects Q2 2014 gas production between 1,550 -- 1,650 (MMcf).Expects Q2 2014 oil equivalent production between 543 -- 570 (Mboe).Expects FY 2014 oil production between 1,200 -- 1,300 (MBbl).Expects FY 2014 gas production between 6,750 -- 7,250 (MMcf).Expects FY 2014 oil equivalent production between 2,325 -- 2,508 (Mboe).  Full Article

Warren Resources Inc gives Q1, FY 2014 production guidance
Thursday, 6 Mar 2014 10:15am EST 

Warren Resources Inc:Expects Q1 2014 oil production between 270 -- 280 (MBbl).Expects Q1 2014 gas production between 1,550 -- 1,650 (MMcf).Expects Q1 2014 oil equivalent production between 528 -- 555 (Mboe).Expects FY 2014 oil production between 1,200 -- 1,300 (MBbl).Expects FY 2014 gas production between 6,750 -- 7,250 (MMcf).Expects FY 2014 oil equivalent production between 2,325 -- 2,508 (Mboe).  Full Article

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