HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) received notice today that Natural Gas Partners, IX L.P. (“NGP IX”), which is one of three investment funds managed by NGP Energy Capital Management, LLC (“NGP”) that are the largest stockholders of WRD, has recently distributed approximately 12.0 million shares to its limited partners in NGP IX. Following the distribution, investment funds managed by NGP continue as WRD’s largest stockholder, and own approximately 59.5 million shares, or ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) announced today its operating and financial results for the three months ended March 31, 2018. Operational highlights from first quarter 2018 include: Increased average daily production by 198% to 52.4 Mboe/d for the first quarter 2018 compared to 17.6 Mboe/d for the first quarter 2017 Increased average daily Eagle Ford production by 251% to 40.4 Mboe/d for the first quarter 2018 compared to 11.5 Mboe/d for the first ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) today announced that the Board of Directors has declared an aggregate quarterly dividend of $6.756 million or $15.53 per share on its 435,000 shares of 6.0% Series A Perpetual Convertible Preferred Stock. WRD elected to pay the dividend in cash. The dividend is for the period beginning on February 1, 2018 to April 30, 2018 and was paid to holders of record on April 15, 2018. About WildHorse Resource Development WildHorse Resource ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today the pricing of its previously announced private placement to eligible purchasers of $200 million in aggregate principal amount of its 6.875% Senior Notes due 2025 at an issue price of 102.00% of par. The senior notes are being offered as additional notes to the $500 million aggregate principal amount of 6.875% Senior Notes due 2025 that WRD previously issued on February 1, 2017 and September 19, 2017. The additional senior notes and the s...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today that, subject to market conditions, it intends to offer $200 million in aggregate principal amount of its 6.875% Senior Notes due 2025. The additional senior notes are expected to rank equally with, and be treated under the Indenture as a single class of debt securities with, the $500 million aggregate principal amount of the currently outstanding 6.875% Senior Notes due 2025 previously issued by WRD on February 1, 2017 and September 19, ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today that it has closed the sale of its previously announced divestiture of its North Louisiana assets. WRD received net proceeds of approximately $217 million, subject to post-closing adjustments. Subsequent to the closing of the divestiture, 100% of WRD’s assets are located in the Eagle Ford Shale and Austin Chalk of East Texas. In addition, WRD completed the regularly scheduled semi-annual redetermination of the borrowing base unde...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today its operating and financial results for the fourth quarter and year ended December 31, 2017. Financial and operational highlights for the fourth quarter and full year 2017 include: Delivered fourth quarter 2017 average daily production of 45.9 Mboe/d and full year 2017 average daily production of 30.7 Mboe/d, exceeding the mid-point of annual guidance by over 1.7 Mboe/d Reported Net Income of $14.1 mil...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today year-end 2017 reserves, an operational update, 2018 guidance, and the construction of an in-field sand mine in Burleson County, TX. In a separate press release, WRD also announced today that it has executed a definitive purchase and sale agreement to divest its North Louisiana assets to a third party. Unless otherwise disclosed, all information in this press release does not give effect to the North Louisiana divestiture. Highlights inclu...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) announced today that it has executed a definitive purchase and sale agreement to divest its North Louisiana assets to a third party for consideration of approximately $217 million, subject to customary purchase price adjustments. Additionally, WRD could receive contingent payments of up to $35 million based on the number of wells spud by the buyer on the North Louisiana assets over the next four years. This transaction, which is subject to customary closi...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) today announced an aggregate quarterly dividend of $6.656 million on its 435,000 shares of 6.0% Series A Perpetual Convertible Preferred Stock. The dividend was paid by an automatic increase to the accreted value of each such share of Series A Perpetual Convertible Preferred Stock, which were issued with an initial accreted value of $1,000. The dividend is for the period beginning on November 1, 2017 to January 31, 2018 and was paid to holders of record o...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) announced today that it has been selected for a Department of Energy study alongside the Texas A&M Engineering Experiment Station (TEES) to develop a new field laboratory in the Eagle Ford formation. The team, which has been awarded an $8 million grant from the Department of Energy (DOE) for research and development of unconventional oil and natural gas recovery, will test next-generation monitoring solutions for hydraulic fracturing and enhanced oil reco...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today that it will report fourth quarter and full year 2017 financial and operating results after the market closes for trading on March 7, 2018. Management will host an earnings conference call on March 8, 2018 at 8:00 a.m. Central (9:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (877) 883-0383 (Conference ID: 7958045), or (412) 902-6506 for international calls (Conference ID: 7958045), at least 15 minu...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD), announced today that its Board of Directors (the “Board”) has appointed Stephanie C. Hildebrandt as an independent director to the Board, effective immediately. Ms. Hildebrandt is Senior Vice President, General Counsel and Secretary of Archrock, Inc. She also serves as Senior Vice President and General Counsel of Archrock GP LLC, the managing general partner of Archrock Partners, L.P. Prior to joining Archrock in August 2017, Hildebrandt was ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) today announced that it has extended its offer to exchange up to $500,000,000 of new 6.875% Senior Notes due 2025 (the “new notes”) that have been registered under the Securities Act of 1933, as amended, for an equal amount of outstanding unregistered 6.875% Senior Notes due 2025 (the “old notes”). As a result of the extension, the exchange offer is now scheduled to expire at 5:00 P.M., New York City time, on November 20, 2017, unless further extended. ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today its operating and financial results for the three months ended September 30, 2017. Operational highlights from third quarter 2017 include: Increased average daily production by 161% to 36.6 Mboe/d for the third quarter 2017 compared to 14.0 Mboe/d for the third quarter 2016 Brought online 27 gross (27.0 net) Eagle Ford wells and 1 gross (1.0 net) Austin Chalk well in the third quarter of 2017 ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE:WRD) today announced an aggregate quarterly dividend of $6.558 million on its 435,000 shares of 6.0% Series A Perpetual Convertible Preferred Stock. The dividend was paid by an automatic increase to the accreted value of each such share of Series A Perpetual Convertible Preferred Stock, which were issued with an initial accreted value of $1,000. The dividend is for the period beginning on August 1, 2017 to October 31, 2017 and was paid to holders of record on ...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today that the borrowing base under its revolving credit facility has been increased to $875 million from $612.5 million as a result of its regularly scheduled semi-annual redetermination. In addition, WRD’s lender group has expanded from 15 to 17 lenders. The revolving credit facility matures in December 2021, and the financial covenants remain unchanged. WRD also announced today that it will report third quarter 2017 financial...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today the pricing of its previously announced private placement to eligible purchasers of $150 million in aggregate principal amount of its 6.875% senior unsecured notes due 2025 at an issue price of 98.26% of par. The senior notes are being offered as additional notes to the $350 million aggregate principal amount of 6.875% senior notes due 2025 that WRD previously issued on February 1, 2017. The additional senior notes and the senior notes is...
HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today that, subject to market conditions, it intends to offer $150 million in aggregate principal amount of its 6.875% Senior Notes due 2025. The notes are expected to rank equally with, and be treated under the Indenture as a single class of debt securities with, the $350 million aggregate principal amount of the currently outstanding 6.875% Senior Notes due 2025 previously issued by WRD on February 1, 2017. WRD intends to use the net...
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