Penn Virginia Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits

$PVAC
Oil & Gas Production
Energy
Get the next $PVAC alert in real time by email
8-K
--12-31 false 0000077159 0000077159 2021-10-14 2021-10-14

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 14, 2021

 

 

RANGER OIL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Virginia   1-13283   23-1184320

(State or other jurisdiction

of incorporation)

 

(Commission

File No.)

 

(IRS Employer

Identification No.)

 

16285 Park Ten Place, Suite 500

Houston, Texas

  77084
(Address of principal executive office)   (Zip Code)

Registrant’s telephone number, including area code: (713) 722-6500

Penn Virginia Corporation

(Former names or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Class A Common Stock, $0.01 par value   ROCC   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 2.02

Results of Operations and Financial Condition.

On October 17, 2021, Ranger Oil Corporation (formerly known as Penn Virginia Corporation) (“Ranger” or the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, to provide an operational and financial update through the third quarter of 2021 and an update on the Name Change (as defined below) and the related rebranding of the Company.

In accordance with General Instruction B.2 of Form 8-K, except as required by law, the information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

 

Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On October 14, 2021, following approval by the Company’s Board of Directors (the “Board”), the Company filed Articles of Amendment to its Fourth Amended and Restated Articles of Incorporation (the “Articles of Amendment”) with the State Corporation Commission of the Commonwealth of Virginia to effect a change of the Company’s name from “Penn Virginia Corporation” to “Ranger Oil Corporation”, effective October 14, 2021 (the “Name Change”).

On October 14, 2021, the Board also adopted an Amendment to the Seventh Amended and Restated Bylaws of the Company to reflect the Name Change (the “Bylaws Amendment”).

The Name Change does not affect the rights of the Company’s shareholders.

The foregoing descriptions of the Articles of Amendment and Bylaws Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of the Articles of Amendment and Bylaws Amendment, copies of which are filed as Exhibits 3.1 and 3.2 hereto, respectively, and incorporated herein by reference.

 

Item 8.01

Other Events.

Effective October 18, 2021, the Company’s Class A common stock, par value $0.01 per share, began trading under the NASDAQ ticker symbol “ROCC.”

In connection with the Name Change, the Company launched a new corporate website: www.rangeroil.com. The Company’s investor relations information, including press releases and links to the Company’s SEC filings, will now be found on this website. The Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and amendments to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, and the Company’s corporate governance documents, including the charters of the committees of the Company’s board of directors, Corporate Governance Guidelines and Code of Business Conduct and Ethics, are available on this website. Any amendment to or waivers of the Code of Business Conduct and Ethics will be disclosed on this website.

 

Item 9.01

Financial Statements and Exhibits

(d)    Exhibits

 

Exhibit
No.

  

Description

3.1    Articles of Amendment, dated as of October 14, 2021, to the Fourth Amended and Restated Articles of Incorporation of Ranger Oil Corporation.


Exhibit
No.

  

Description

3.2    Amendment to the Seventh Amended and Restated Bylaws of Ranger Oil Corporation, effective October 14, 2021.
99.1    Press Release issued October 17, 2021.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    RANGER OIL CORPORATION
Date: October 19, 2021    
   

/s/ Katherine Ryan

    Katherine Ryan
    Vice President, Chief Legal Counsel and Corporate Secretary
Get the next $PVAC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$PVAC

DatePrice TargetRatingAnalyst
More analyst ratings

$PVAC
Press Releases

Fastest customizable press release news feed in the world

See more
  • Ranger Oil's Borrowing Base Increased by 20%

    Company Repurchases Approximately 463,000 Shares As Balance Sheet Continues To StrengthenHOUSTON, TX / ACCESSWIRE / June 2, 2022 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced that its borrowing base under its revolving credit facility was increased 20% to $875 million. Ranger's elected commitment under the facility remains at $400 million. This is the second announced increase this year for a total of approximately 45%.Darrin Henke, President and CEO said, "Ranger sits in an enviable position today with a strong capital structure, deep inventory of high-return opportunities, significant free cash flow and ample liquidity to execute our business plan throu

    $PVAC
    $ROCC
    Oil & Gas Production
    Energy
  • S&P Global Ratings Upgrades Ranger Oil

    HOUSTON, TX / ACCESSWIRE / May 27, 2022 / Ranger Oil Corporation (NASDAQ:ROCC) (the "Company") today announced that S&P Global Ratings upgraded its issuer credit rating on the Company to ‘B' with a stable outlook and moved the debt rating of its senior unsecured debt to ‘B+'.Darrin Henke, President and CEO said, "It's great to see our hard work to strengthen our capital structure and liquidity being recognized by our rating agencies. Our future is bright as we have a strong balance sheet, a deep inventory of high-return opportunities, significant free cash flow and a clear framework to return cash to our shareholders."About Ranger Oil CorporationRanger Oil Corporation is a pure-play independ

    $PVAC
    $ROCC
    Oil & Gas Production
    Energy
  • Ranger Oil Provides Third Quarter 2021 and Rebranding Update

    -- Expects Significant Free Cash Flow Generation -- -- Officially Changes Name to Ranger Oil Corporation – -- Begins Trading Under NASDAQ Ticker of ROCC; Will Ring Closing Bell on October 18 -- HOUSTON, Oct. 17, 2021 (GLOBE NEWSWIRE) -- Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced an operational update and the timing of its third quarter 2021 earnings release and conference call. Separately, the Company has been renamed "Ranger Oil Corporation". Ranger will begin trading on the NASDAQ under the stock ticker of "ROCC" as of market open on Monday, October 18, 2021. Preliminary Third Quarter 2021 Operational and Financial Update The operational and finan

    $PVAC
    $ROCC
    Oil & Gas Production
    Energy

$PVAC
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$PVAC
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$PVAC
Leadership Updates

Live Leadership Updates

See more
  • Penn Virginia Announces Management Changes

    HOUSTON, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced the departure of Benjamin A. Mathis, Senior Vice President, Operations & Engineering, effective January 4, 2021. “On behalf of the entire Company, we want to thank Ben for his years of hard work and commitment to Penn Virginia,” said Darrin Henke, President and Chief Executive Officer of Penn Virginia. “He has taken Penn Virginia’s drilling and completion program to the next level and positioned us well for the future. He has been a tremendous asset to Penn Virginia, and we wish him the best in his future endeavors.” Separately, the Company also announced

    $PVAC
    Oil & Gas Production
    Energy

$PVAC
Financials

Live finance-specific insights

See more
  • Ranger Oil's Borrowing Base Increased by 20%

    Company Repurchases Approximately 463,000 Shares As Balance Sheet Continues To StrengthenHOUSTON, TX / ACCESSWIRE / June 2, 2022 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced that its borrowing base under its revolving credit facility was increased 20% to $875 million. Ranger's elected commitment under the facility remains at $400 million. This is the second announced increase this year for a total of approximately 45%.Darrin Henke, President and CEO said, "Ranger sits in an enviable position today with a strong capital structure, deep inventory of high-return opportunities, significant free cash flow and ample liquidity to execute our business plan throu

    $PVAC
    $ROCC
    Oil & Gas Production
    Energy
  • Ranger Oil Provides Third Quarter 2021 and Rebranding Update

    -- Expects Significant Free Cash Flow Generation -- -- Officially Changes Name to Ranger Oil Corporation – -- Begins Trading Under NASDAQ Ticker of ROCC; Will Ring Closing Bell on October 18 -- HOUSTON, Oct. 17, 2021 (GLOBE NEWSWIRE) -- Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today announced an operational update and the timing of its third quarter 2021 earnings release and conference call. Separately, the Company has been renamed "Ranger Oil Corporation". Ranger will begin trading on the NASDAQ under the stock ticker of "ROCC" as of market open on Monday, October 18, 2021. Preliminary Third Quarter 2021 Operational and Financial Update The operational and finan

    $PVAC
    $ROCC
    Oil & Gas Production
    Energy
  • Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

    -- Provides Updated Plans for Combined Company ---- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced it closed the acquisition of Lonestar Resources US Inc. ("Lonestar") and plans to rename the combined company Ranger Oil Corporation ("Ranger", "Ranger Oil" or "the Company"). The Company also announced plans for future operational activity, changes to the composition of its Board of Directors, and a reset of certain Lonestar hedges. The Company maintains focus on maximizing operational and capital efficiency, generating superior retur

    $PVAC
    Oil & Gas Production
    Energy

$PVAC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more