Key facts
- This page summarizes Chord Energy Corp's Form 4 filing for Crestwood Equity Partners LP.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 19 Sep 2022, 17:24.
Chord Energy Corp - 15 Sep 2022 Form 4 Insider Report for Crestwood Equity Partners LP
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 15 Sep 2022
- Net transaction value
- -$428,230,580
- SEC form
- 4
- Accepted by SEC
- 19 Sep 2022, 17:24:42 UTC
- Prior SEC filing
- 11 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ M. Scott Regan, Executive Vice President, General Counsel and Secretary of Chord Energy Corporation
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Chord Energy Corp filed Form 4 for Crestwood Equity Partners LP on 19 Sep 2022.
Change
- Previous filing in this sequence was filed on 11 Feb 2022.
- Current net transaction value: -$428,230,580.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CEQP
transaction
Common Units
Sale
- Transaction value
- $304,490,580
- Shares
- -11,400,000
- Change %
- -54%
- Price
- $26.71
- Shares after
- 9,585,668
- Date
- 15 Sep 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3
CEQP
transaction
Common Units
Disposed to Issuer
- Transaction value
- $123,740,000
- Shares
- -4,600,000
- Change %
- -48%
- Price
- $26.90
- Shares after
- 4,985,668
- Date
- 15 Sep 2022
- Ownership
- See Footnote
- Footnotes
- F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Chord Energy Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
This sale was effected pursuant to a previously announced public secondary offering (the "Secondary Offering") of common units representing limited partner interests (the "Crestwood Common Units") in the Issuer.
Footnote F2
This price represents the public offering price per unit of the Crestwood Common Units less the underwriting discount in connection with the Secondary Offering.
Footnote F3
This Form 4 is being jointly filed by Oasis Investment Holdings LLC ("OIH"), Oasis Petroleum North America LLC ("OPNA"), OMS Holdings LLC ("OMS Holdings"), Oasis Petroleum LLC ("Oasis Petroleum") and Chord Energy Corporation ("Chord"). As of the date of this Form 4, OMS Holdings directly holds 4,985,668 Crestwood Common Units. OMS Holdings is the managing member of and owns an 87.3% membership interest in OIH. OPNA owns the remaining 12.7% membership interest in OIH. Oasis Petroleum directly owns 100% of the outstanding membership interests in each of OMS Holdings and OPNA, and Chord directly owns 100% of the outstanding membership interests in Oasis Petroleum. Accordingly, Chord and Oasis Petroleum may be deemed to be indirect beneficial owners of the securities of the Issuer held by OMS Holdings.
Footnote F4
This sale represents the Crestwood Common Units sold to the Issuer pursuant to the terms of the Common Unit Repurchase Agreement, dated September 12, 2022, by and between the Issuer and OMS Holdings.
Footnote F5
The Crestwood Common Units were sold to the Issuer at a price equal to the public offering price per unit in the Secondary Offering.
SEC remarks
Upon consummation of the merger on July 1, 2022 between Chord and Whiting Petroleum Corporation ("Whiting") pursuant to that certain Agreement and Plan of Merger, dated as of March 7, 2022, by and among Chord, Ohm Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Chord, New Ohm LLC, a Delaware limited liability company and a wholly owned subsidiary of Chord, and Whiting, Chord changed its name from "Oasis Petroleum Inc." to "Chord Energy Corporation."