(12)
Equity
2013 Common Stock
Issuances
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On June 17, 2013, the Company issued approximately
0.5 million unregistered shares of common stock in a private
placement pursuant to Section 4(a)(2) under the Securities Act
in connection with an acquisition in the Utica Shale basin (Note
3).
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On July 9, 2013, the Company issued approximately
0.2 million unregistered shares of common stock in a private
placement pursuant to Section 4(a)(2) under the Securities Act
in connection with the acquisition of Ideal Oilfield Disposal, LLC
(Note 3).
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On July 18, 2013, the Company issued approximately
0.1 million shares of common stock in connection with the
settlement of the 2010 Derivative Action (Note 16).
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2012 Common Stock
Offerings and Issuances
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On February 3, 2012, the Company issued approximately
0.2 million shares of common stock pursuant to the
Company’s Registration Statement on Form S-4 in connection
with an acquisition by Shale Solutions.
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On March 30, 2012, the Company sold approximately
1.8 million shares of common stock at a reverse split-adjusted
price of $44 per share in an underwritten public offering pursuant
to the Company’s Registration Statement on Form S-3. The
$74.4 million in net proceeds from the share issuance was used to
finance a portion of the cash purchase price of TFI.
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On April 10, 2012, the Company issued approximately
0.4 million shares of common stock in connection with the TFI
acquisition in a private placement pursuant to Section 4(a)(2)
under the Securities Act.
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On May 3, 2012, the Company issued approximately
0.2 million shares of common stock pursuant to the
Company’s Form S-4 in connection with an acquisition by
Shale Solutions.
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On September 4, 2012, the Company issued approximately
0.3 million shares of common stock pursuant to the
Company’s Registration Statement on Form S-4 in connection
with an acquisition of 51% of the seller’s equity by Shale
Solutions.
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On September 12, 2012, the Company issued approximately
0.2 million shares of common stock in connection with a
partial payment under an earn-out obligation (Note 11).
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On November 30, 2012, the Company issued 9.5 million
unregistered shares of common stock in connection with the Power
Fuels acquisition in a private placement pursuant to
Section 4(a)(2) under the Securities Act (Note 3).
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Preferred
Stock
The Company is
authorized to issue 1.0 million shares of preferred stock with
such designations, voting and other rights and preferences as may
be determined from time to time by the Board of Directors. At
December 31, 2013, 2012 or 2011, no shares of preferred stock
were outstanding.
Reverse Stock
Split
As more fully
described in Note 2, the Company affected a one-for-ten reverse
split of its common stock on December 3, 2013.
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