0001047469-18-004134.txt : 20180530 0001047469-18-004134.hdr.sgml : 20180530 20180529182805 ACCESSION NUMBER: 0001047469-18-004134 CONFORMED SUBMISSION TYPE: S-3ASR PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20180530 DATE AS OF CHANGE: 20180529 EFFECTIVENESS DATE: 20180530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HighPoint Resources Corp CENTRAL INDEX KEY: 0001725526 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 823620361 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-3ASR SEC ACT: 1933 Act SEC FILE NUMBER: 333-225274 FILM NUMBER: 18865999 BUSINESS ADDRESS: STREET 1: BILL BARRETT CORPORATION, 1099 18TH ST. STREET 2: SUITE 2300 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: (303)312-8548 MAIL ADDRESS: STREET 1: BILL BARRETT CORPORATION, 1099 18TH ST. STREET 2: SUITE 2300 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Red Rider Holdco, Inc. DATE OF NAME CHANGE: 20171214 S-3ASR 1 a2235836zs-3asr.htm S-3ASR

Use these links to rapidly review the document
TABLE OF CONTENTS

Table of Contents

As filed with the Securities and Exchange Commission on May 29, 2018.

Registration No. 333-            


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933



HIGHPOINT RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
  82-3620361
(I.R.S. Employer
Identification No.)

1099 18th Street, Suite 2300
Denver, CO 80202
303-293-9100
(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)



Kenneth A. Wonstolen
Senior Vice President-General Counsel and Secretary
HighPoint Resources Corporation
1099 18th Street, Suite 2300
Denver, CO 80202
303-293-9100
(Name, address, including zip code, and telephone number, including area code, of agent for service)



Copies to:

John A. Elofson, Esq.
Davis Graham & Stubbs LLP
1550 Seventeenth Street, Suite 500
Denver, Colorado 80202
(303) 892-9400

APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
From time to time after the effective date of this registration statement as determined by market conditions.

           If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.    o

           If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.    ý

           If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

           If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

           If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.    ý

           If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.    o

           Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated filer o   Accelerated filer ý   Non-accelerated filer o
(Do not check if a
smaller reporting company)
  Smaller Reporting Company o

Emerging Growth Company o

           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 7(a)(2)(B) of the Securities Act. o

CALCULATION OF REGISTRATION FEE

               
 
Title of Each Class of Securities
to be Registered

  Amount to be
Registered(1)

  Proposed Maximum
Offering Price Per
Unit(2)

  Proposed Maximum
Aggregate Offering
Price(2)

  Amount of
Registration Fee

 

Common Stock, $0.001 par value

  100,000,000(3)   $6.78   $678,000,000   $84,411

 

(1)
The securities that may be offered pursuant to this Registration Statement include, pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), such additional number of securities as may become issuable as a result of any stock split, stock dividend or similar event.

(2)
Estimated solely for the purpose of computing the registration fee pursuant to Rule 457(c) under the Securities Act, based upon the average of the high and low reported trading prices of common stock of HighPoint Resources Corporation as reported by the NYSE on May 25, 2018, which was $6.78 per share. This registration statement includes a total of $284,072,355 of unsold securities that had previously been registered under Bill Barrett Corporation's Registration Statement on Form S-3 (No. 333-205230) filed with the Securities and Exchange Commission on June 25, 2015 and declared effective on July 9, 2015 (the "Prior S-3 Registration Statement"). In connection with the Prior S-3 Registration Statement, Bill Barrett Corporation paid a total registration fee of $58,100, of which $33,009 corresponds to the securities not sold thereunder. On April 6, 2018, the registrant filed a Registration Statement on Form S-8 (No. 333-224199) (the "S-8 Registration Statement") and applied previously paid and unused fees to pay the S-8 Registration Statement fee of $4,822. Pursuant to Rule 457(p) under the Securities Act, the registrant is offsetting the remaining $28,187 that was previously paid and unused under the Prior S-3 Registration Statement against the $84,411 registration fee relating to the securities offered by this registration statement, leaving a filing fee $56,224 that is being paid in connection with the securities registered hereunder.

(3)
Represents shares of common stock that may be sold by the Selling Stockholder named herein.

   


Table of Contents

PROSPECTUS

LOGO

100,000,000 Shares
Common Stock



        The selling stockholder named herein (the "Selling Stockholder") may use this prospectus in connection with sales of up to 100,000,000 shares of common stock, par value $0.001 per share of HighPoint Resources Corporation (the "Company," "we," "us," or "our").

        The shares of common stock held by the Selling Stockholder were issued by the Company on March 19, 2018 in accordance with the terms of the Merger Agreement and the Stockholders Agreement described in "About Our Company" on page 5 of this prospectus.

        Our registration of the common stock covered by this prospectus does not mean that the Selling Stockholder will sell any of the common stock. The Selling Stockholder may sell the common stock at prices and on terms determined by the market, in negotiated transactions or through underwriters. We will not receive any proceeds from the sale of common stock by the Selling Stockholder.

        Our common stock is listed on the New York Stock Exchange (the "NYSE") under the symbol "HPR." On May 25, 2018, the last reported sale price of our common stock on the NYSE was $6.93 per share.

        The securities offered in this prospectus involve a high degree of risk. You should carefully consider the matters set forth in "Risk Factors" on page 4 of this prospectus or incorporated by reference herein in determining whether to purchase our securities.

        Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

   

The date of this prospectus is May 29, 2018.


Table of Contents


TABLE OF CONTENTS

i


Table of Contents


ABOUT THIS PROSPECTUS

        This prospectus is part of a registration statement on Form S-3 that we filed with the Securities and Exchange Commission (the "SEC") using a "shelf" registration process or continuous offering process. Under this shelf registration process, the Selling Stockholder may, from time to time, sell the securities described in this prospectus in one or more offerings.

        You should rely only on the information contained in or incorporated by reference in this prospectus or in any related free writing prospectus filed by us with the SEC. Neither we nor the Selling Stockholder has authorized anyone to provide you with different information. This prospectus does not constitute an offer to sell or the solicitation of an offer to buy any securities other than the securities described in this prospectus or an offer to sell or the solicitation of an offer to buy such securities in any circumstances in which such offer or solicitation is unlawful. You should assume that the information appearing in this prospectus, the documents incorporated by reference and any related free writing prospectus, is accurate only as of their respective dates. Our business, financial condition, results of operations and prospects may have changed since those dates and may change again.

ii


Table of Contents


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

        This prospectus, and the documents incorporated by reference herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. Our actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the following risks and uncertainties:

    risks and uncertainties relating to the Mergers (as defined in "About Our Company" below);

    potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Mergers;

    the possibility that the anticipated benefits of the Mergers are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of Bill Barrett Corporation ("BBG") and Fifth Creek Energy Operating Company, LLC;

    oil, natural gas liquids and natural gas price volatility, including regional price differentials;

    changes in operational and capital plans;

    costs, availability and timing of build-out of third-party facilities for gathering, processing, refining and transportation;

    delays or other impediments to drilling and completing wells arising from political or judicial developments at the local, state or federal level, including voter initiatives related to hydraulic fracturing;

    development drilling and testing results;

    the potential for production decline rates to be greater than expected;

    availability of midstream and downstream markets to sell our products;

    regulatory delays, including seasonal or other wildlife restrictions;

    exploration risks such as drilling unsuccessful wells;

    higher than expected costs and expenses, including the availability and cost of services and material and our potential inability to achieve expected cost savings;

    unexpected future capital expenditures;

    economic and competitive conditions;

    debt and equity market conditions, including the availability and costs of financing to fund our operations;

    the ability to obtain industry partners to jointly explore certain prospects, and the willingness and ability of those partners to meet capital obligations when requested;

    changes in estimates of proved reserves;

    compliance with environmental and other regulations;

    declines in the values of our oil and natural gas properties resulting in impairments;

    derivative and hedging activities;

    risks associated with operating in one major geographic area;

    title to properties, including those acquired in the Mergers;

1


Table of Contents

    environmental liabilities;

    liabilities resulting from litigation concerning alleged damages related to environmental issues, pollution, contamination, personal injury, royalties, marketing, title to properties, validity of leases or other matters that may not be covered by an effective indemnity or insurance;

    changes in tax laws and statutory tax rates; and

    other uncertainties, as well as those factors discussed in this prospectus and in BBG's Annual Report on Form 10-K for the year ended December 31, 2017, particularly in "Item 1A Risk Factors".

        All statements other than statements of historical fact included in or incorporated into this prospectus are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "expect", "seek", "believe", "upside", "will", "may", "expect", "anticipate", "plan", "will be dependent on", "project", "potential", "intend", "could", "should", "estimate", "predict", "pursue", "target", "objective", or the negative of such terms or other comparable terminology.

        The forward-looking statements contained in this prospectus are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements included or incorporated by reference into this prospectus are not guarantees of future performance, and we cannot assure any reader that such statements will be realized or that anticipated events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to many factors including those listed above and in "Item 1A. Risk Factors" and elsewhere in BBG's Annual Report on Form 10-K for the year ended December 31, 2017. Readers should not place undue reliance on these forward-looking statements, which reflect management's views only as of the date these statements are made. Other than as required under applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements as a result of changes in internal estimates or expectations, new information, subsequent events or circumstances or otherwise. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.

2


Table of Contents

 


PROSPECTUS SUMMARY

        The following is a summary of the pertinent information regarding this offering. This summary is qualified in its entirety by the more detailed information and financial statements and related notes incorporated by reference into this prospectus.

The Offering

Securities Offered

  Up to 100,000,000 shares of our common stock offered by the Selling Stockholder, which shares were acquired in accordance with the terms of the Merger Agreement and the Stockholders Agreement.

Offering Price

 

The Selling Stockholder may sell the common stock at prices and on terms determined by the market, in negotiated transactions or through underwriters.

Common Stock Outstanding

 

212,008,080 shares of common stock, $0.001 par value per share, were outstanding as of April 24, 2018.

Dividend Policy

 

We do not anticipate paying dividends on our common stock in the foreseeable future.

Use of Proceeds

 

The common stock offered pursuant to this prospectus is being sold by the Selling Stockholder, and we will not receive any proceeds of the offering.

NYSE Symbol

 

HPR

Risk Factors

 

Investing in our common stock involves a high degree of risk. Before investing in our common stock, you should carefully read and consider the information set forth in "Risk Factors" on page 4 of this prospectus and similarly captioned sections of documents incorporated by reference herein, as well as all other information included or incorporated by reference in this prospectus.

        Our executive offices are located in Denver, Colorado at 1099 18th Street, Suite 2300, Denver, Colorado 80202, and our telephone number at that address is 303-293-9100. We maintain a website at www.hpres.com, which contains information about us. Our website and the information contained on it and connected to it are not a part of this prospectus.

3


Table of Contents


RISK FACTORS

        An investment in our securities involves a high degree of risk. You should carefully consider the risk factors incorporated by reference from BBG's Annual Report on Form 10-K for the year ended December 31, 2017, as amended by BBG's Annual Report on Form 10-K/A, and our filings with the SEC incorporated by reference herein before deciding to invest in our securities. The risks described are not the only risks facing our Company. Additional risks not presently known to us or which we currently consider immaterial also may adversely affect our Company.

4


Table of Contents


ABOUT OUR COMPANY

        HighPoint Resources Corporation, together with its wholly-owned subsidiaries, develops, acquires and explores for oil and natural gas resources. All of the Company's assets and operations are located in the Rocky Mountain region of the United States. For additional information about our business, operations and financial results, please read the documents listed below under the heading "Where You Can Find More Information" on page 15 of this prospectus.

        On March 19, 2018, pursuant to the Agreement and Plan of Merger, dated as of December 4, 2017 (the "Merger Agreement"), by and among the Company, BBG, Rio Merger Sub, LLC (a direct wholly owned subsidiary of the Company), Rider Merger Sub, Inc. (a direct wholly owned subsidiary of the Company), Fifth Creek Energy Operating Company, LLC ("Fifth Creek") and, for limited purposes set forth in the Merger Agreement, the Selling Stockholder and NGP Natural Resources XI, L.P. ("NGP"), BBG and Fifth Creek completed a strategic combination of their respective businesses. Pursuant to the Merger Agreement, (i) Rider Merger Sub, Inc. merged with and into BBG, with BBG as the surviving entity and (ii) Rio Merger Sub, LLC merged with and into Fifth Creek, with Fifth Creek as the surviving entity (collectively, the "Mergers"), as a result of which BBG and Fifth Creek each became direct wholly owned subsidiaries of the Company. On March 19, 2018, in accordance with the Merger Agreement and the Stockholders Agreement, dated as of March 19, 2018 (the "Stockholders Agreement"), by and among the Company, the Selling Stockholder and, for limited purposes set forth in the Stockholders Agreement, NGP, the Selling Stockholder received 100,000,000 shares of the Company's common stock upon the closing of the Mergers. The Company is the successor to BBG for SEC reporting purposes.

5


Table of Contents


USE OF PROCEEDS

        The proceeds from the sale of common stock that may be offered pursuant to this prospectus will be received directly by the Selling Stockholder. We will receive no proceeds from the sale, if any, of the common stock. We will pay all of the fees and expenses incurred by us in connection with this registration. We will not be responsible for fees and expenses incurred by the Selling Stockholder or any underwriting discounts or commissions.

6


Table of Contents


SELLING STOCKHOLDER

        The Selling Stockholder named in this prospectus may offer and sell, from time to time in the future, up to 100,000,000 shares of our common stock. The shares of common stock being offered by the Selling Stockholder were originally issued to the Selling Stockholder in accordance with the Merger Agreement and the Stockholders Agreement.

        The Selling Stockholder may offer the common stock for resale from time to time pursuant to this prospectus. The Selling Stockholder may also sell, transfer or otherwise dispose of all or a portion of the common stock in transactions exempt from the registration requirements of the Securities Act or pursuant to another effective registration statement covering those shares. Information about the Selling Stockholder may change over time. As used in this prospectus, "Selling Stockholder" includes the donees, transferees, heirs, executors, administrators, legal representatives, pledgees or others who may later hold the Selling Stockholder's interests.

        Set forth below is information regarding the number of shares of common stock owned by the Selling Stockholder.

 
  Shares
Beneficially Owned
Prior to the Offering
   
  Shares
Beneficially Owned
After the Offering(1)
 
Selling Stockholder(2)
  Number   Percent
of Class(3)
  Shares
Offered Hereby
  Number   Percent
of Class(3)
 

Fifth Creek Energy Company, LLC(4)

    100,000,000     47.2 %   100,000,000         0 %

(1)
Assumes that the Selling Stockholder will sell all of the common stock offered pursuant to this prospectus. We cannot assure you that the Selling Stockholder will sell all or any of these shares.

(2)
The Selling Stockholder is not a registered broker-dealer or affiliated with a registered broker-dealer.

(3)
Based on 212,008,080 shares of our common stock outstanding as of April 24, 2018.

(4)
The reported securities are owned directly by Fifth Creek Energy Company, LLC ("FCEC") and indirectly by NGP XI US Holdings L.P. ("NGP XI US Holdings"), which owns a majority of the capital interests in FCEC. As a result, NGP XI US Holdings may be deemed to indirectly beneficially own the shares held by FCEC. NGP XI Holdings GP, L.L.C. ("NGP XI Holdings GP") (the sole general partner of NGP XI US Holdings), NGP Natural Resources XI, L.P. ("NGP Natural Resources XI") (the sole member of NGP XI Holdings GP), G.F.W. Energy XI, L.P. ("GFW Energy XI") (the sole general partner of NGP Natural Resources XI) and GFW XI, L.L.C. ("GFW XI") (the sole general partner of GFW Energy XI) may each also be deemed to share voting and dispositive power over the reported shares and therefore may also be deemed to be the beneficial owner of these shares. GFW XI has delegated full power and authority to manage NGP XI US Holdings to NGP Energy Capital Management, L.L.C. ("NGP ECM") and accordingly, NGP ECM may be deemed to share voting and dispositive power over these shares and therefore may also be deemed to be the beneficial owner of these shares. Each of FCEC, NGP XI Holdings GP, NGP Natural Resources XI, GFW Energy XI, GFW XI and NGP ECM disclaims beneficial ownership of the reported securities in excess of its pecuniary interest therein.

7


Table of Contents


PLAN OF DISTRIBUTION

        Pursuant to the Stockholders Agreement, the Company has agreed to register with the SEC the resale of the common stock issued to the Selling Stockholder in the Mergers. We have prepared and filed this prospectus to satisfy the registration obligation set forth in the Stockholders Agreement. We will receive no proceeds from the sale of the common stock included in this prospectus. We will pay the registration, filing, listing and printing fees, and our legal and accounting expenses in connection with this offering.

        The Selling Stockholder and its successors, which term includes its transferees, pledgees or donees or its successors, may sell all or a portion of the common stock directly to one or more purchasers (including pledgees) or through brokers, dealers or underwriters who may act solely as agents or may acquire common stock as principals, at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at negotiated prices or at fixed prices, which may be changed. The Selling Stockholder may effect the distribution of the common stock in one or more of the following methods (which may include block transactions or crosses):

    ordinary brokers' transactions, which may include long or short sales;

    transactions involving cross or block trades or otherwise on the open market;

    purchases by brokers, dealers or underwriters as principal and resale by such purchasers for their own accounts under this prospectus;

    "at the market" to or through market makers or into an existing market for the common stock;

    in other ways not involving market makers or established trading markets, including direct sales to purchasers or sales effected through agents;

    block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

    an exchange distribution in accordance with the results of the applicable exchange;

    public or privately negotiated transactions;

    short sales, whether through a broker-dealer or itself, effected after the date the registration statement of which this prospectus is a part became effective under the Securities Act;

    through transactions in options, swaps or other derivatives (whether exchange listed or otherwise); or

    any combination of the above, or by any other legally available means.

        Any underwriters, broker-dealers or agents who participate in the sale or distribution of the common stock may be deemed to be "underwriters" within the meaning of Section 2(a)(11) of the Securities Act. Any party deemed to be an "underwriter" within the meaning of Section 2(a)(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities Act. Underwriters are subject to certain statutory liabilities, including, but not limited to, those relating to Sections 11, 12 and 17 of the Securities Act and Rule 10b-5 under the Exchange Act. If the shares of common stock are sold through underwriters or broker-dealers, the Selling Stockholder will be responsible for underwriting discounts or commissions or agent's commissions.

        In addition, the Selling Stockholder or its successors in interest may enter into hedging transactions with broker-dealers who may engage in short sales of common stock in the course of hedging the positions they assume with the Selling Stockholder. The Selling Stockholder or its successors in interest may also enter into option or other transactions with broker-dealers that require

8


Table of Contents

delivery by such broker-dealers of the common stock, which common stock may be resold thereafter under this prospectus.

        Brokers, dealers, underwriters or agents participating in the distribution of the common stock may receive compensation in the form of discounts, concessions or commissions from the Selling Stockholder and/or the purchasers of common stock for whom such broker-dealers may act as agent or to whom they may sell as principal, or both (which compensation as to a particular broker-dealer may be in excess of customary commissions).

        Any securities covered by this prospectus that qualify for sale under Rule 144 under the Securities Act may be sold under Rule 144 rather than under this prospectus.

        We cannot assure you that the Selling Stockholder will sell any or all of the shares of common stock offered by the Selling Stockholder.

        In order to comply with the securities laws of certain states, if applicable, the Selling Stockholder will sell the common stock in jurisdictions only through registered or licensed brokers or dealers. In addition, in certain states, the Selling Stockholder may not sell the common stock unless the shares of common stock have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available to the Selling Stockholder.

        The Selling Stockholder and any other person participating in the sale of the common stock will be subject to the requirements of the Exchange Act to the extent applicable. The Exchange Act rules include, without limitation, Regulation M, which may limit the timing of purchases and sales of any of the shares by the Selling Stockholder and other persons. These provisions may restrict certain activities of, and limit the timing of, purchases by the Selling Stockholder or other persons or entities. Regulation M may also restrict the ability of any person engaged in the distribution of the securities to engage in market making and certain other activities with respect to those securities. In addition, the anti-manipulation rules under the Exchange Act may apply to sales of the securities in the market. All of these limitations may affect the marketability of the common stock and the ability of any person to engage in market-making activities with respect to the common stock.

        Once sold under the registration statement of which this prospectus forms a part, the shares of common stock will be freely tradable in the hands of persons other than our affiliates.

        To our knowledge, there are currently no plans, arrangements, or understandings between the Selling Stockholder and any underwriter, broker-dealer, or agent regarding the sale of the common stock by the Selling Stockholder.

        Our common stock is currently listed on the NYSE under the symbol "HPR."

9


Table of Contents


DESCRIPTION OF OUR COMMON STOCK

        The following summary of certain provisions of our capital stock does not purport to be complete and is not intended to give full effect to provisions of statutory or common law. The summary is subject to and is qualified in its entirety by reference to all the provisions of our amended and restated certificate of incorporation (the "certificate of incorporation") and amended and restated bylaws (the "bylaws") and by the provisions of applicable law. Each of the certificate of incorporation and the bylaws are incorporated herein by reference.

General

        Under our certificate of incorporation, we have the authority to issue 400,000,000 shares of common stock, par value $0.001 per share, and 75,000,000 shares of preferred stock, par value $0.001 per share. As of April 24, 2018, there were 212,008,080 shares of common stock issued and outstanding and no shares of preferred stock issued and outstanding.

Common Stock

Voting Rights

        Each share of our common stock is entitled to one vote for each share on all matters requiring a vote of stockholders; provided, however, that except as otherwise required by law, holders of our common stock are not entitled to vote on any amendment to our certificate of incorporation (including any Certificate of Designations relating to any series of preferred stock) that relates solely to the terms of one or more outstanding series of preferred stock if the holders of such affected series are entitled to vote on such matter pursuant to our certificate of incorporation or otherwise. Stockholders do not have cumulative voting rights in elections of directors or for any other purpose. All elections of directors are determined by a plurality of the votes cast, except as otherwise required by law.

Dividend Rights

        Subject to the rights of the holders of any outstanding shares of preferred stock, each share of our common stock is entitled to receive any dividends, in cash, securities or property, as may be declared from time to time by our board out of funds legally available therefor.

Liquidation and Other Rights

        In the event of the liquidation, dissolution or winding up of the Company, the holders of our common stock are entitled to receive ratably our net assets available after the payment of all debts and other liabilities and subject to the prior rights of any outstanding preferred stock.

Exchange Listing

        Our common stock is listed on the NYSE under the symbol "HPR."

Transfer Agent and Registrar

        The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.

Miscellaneous

        The holders of our common stock do not have preemptive rights, redemption rights or conversion rights, and there are no redemption or sinking fund provisions applicable to our common stock. The Selling Stockholder has certain contractual preemptive rights as set forth in the Stockholders Agreement. The rights, preferences and privileges of the holders of our common stock are subject to

10


Table of Contents

and may be adversely affected by the rights of holders of any series of preferred stock that we may designate and issue in the future.

Preferred Stock

        The preferred stock may have such relative rights, preferences and designations as may be determined by our board of directors in its sole discretion upon the issuance of any shares of preferred stock. The shares of preferred stock may be issued from time to time by our board of directors in its sole discretion (without further approval or authorization by our stockholders), in one or more series, each of which series may have any particular distinctive designations as well as relative rights and preferences as determined by our board of directors. The relative rights and preferences that may be determined by our board of directors in its discretion from time to time include but are not limited to the following:

    the annual dividend rate for such series, if any, and the date or dates from which dividends will commence to accrue;

    the redemption price or prices, if any, for shares of such series and the terms and conditions on which such shares may be redeemed;

    the provisions for a sinking, purchase or similar fund, if any, for the redemption or purchase of shares of such series;

    the preferential amount or amounts payable upon shares of such series in the event of our voluntary or involuntary liquidation;

    the voting rights, if any, of such series;

    the terms and conditions, if any, upon which shares of such series may be converted and the class or classes or series of our securities into which such shares may be converted;

    the relative seniority, parity or junior rank of such series with respect to other series of preferred stock then or thereafter to be issued; and

    any other specific terms, preferences, rights, privileges, limitations or restrictions of such series.

        The existence of authorized but unissued shares of preferred stock could have anti-takeover effects because we could issue preferred stock with special dividend or voting rights that could discourage potential bidders.

        We may issue shares of preferred stock that have dividend, voting and other rights superior to those of the common stock, or that convert into shares of common stock, without the approval of the holders of common stock.

Anti-Takeover Effect of the Company's Governing Documents and the Delaware General Corporation Law

        Our certificate of incorporation and bylaws contain a number of provisions relating to corporate governance and to the rights of our stockholders. Certain of these provisions may have a potential "anti-takeover" effect by delaying, deferring or preventing a change of control of the Company. In addition, certain provisions of the Delaware General Corporation Law (the "DGCL") may have a similar effect.

Structure of Board

        Our board is elected annually. Our bylaws provide that, subject to the rights of the holders of any series of preferred stock to elect directors under specified circumstances and subject to the stockholders

11


Table of Contents

agreement, if then in effect, each director of the Company will hold office for a term expiring at the next succeeding annual meeting of stockholders and until such director's successor is duly elected and qualified. Our certificate of incorporation and bylaws provide that the number of our directors may be established only by the board; however, as long as the Stockholders Agreement is in effect, until the date that the Selling Stockholder and its affiliates beneficially own less than 10% of our outstanding common stock (the "Board Designation Expiration Date"), our board will consist of no more than eleven directors and, without the approval of a majority of the total number of independent directors not designated to our board by the Selling Stockholder ("Company Non-Affiliate Approval"), no fewer than eleven directors. Until the Board Designation Expiration Date, the number of directors on our board will be at least one more than two times the number of directors designated by the Selling Stockholder.

        Furthermore, our certificate of incorporation and bylaws provide that, subject to the rights of holders of any class or series of preferred stock to elect directors, any vacancies on our board caused by the death, removal or resignation of any director or any other cause, and any newly created directorships resulting from an increase in the authorized number of directors will be filled only by a majority vote of the directors then in office, though less than a quorum. However, for as long as the Stockholders Agreement is in effect, until the Board Designation Expiration Date, if the number of directors designated by the Selling Stockholder is less than the Selling Stockholder would be entitled to designate under the Stockholders Agreement due to the death, removal or resignation of any Selling Stockholder designee or any other cause, our board will cause such vacancy to be filled with a director designated by the Selling Stockholder. Also until the Board Designation Expiration Date, under the Stockholders Agreement, if there is a vacancy on our board as a result of the death, removal or resignation of any directors who were not designated to our board by the Selling Stockholder (a "Non-Investor Director"), the resulting vacancy will be filled by the Non-Investor Directors acting by Company Non-Affiliate Approval.

        Our board consists of eleven directors. Six of the eleven directors were directors of BBG serving prior to the consummation of the Mergers, and five of the eleven directors are persons designated by the Selling Stockholder, three of whom are affiliated with Fifth Creek and two of whom are independent.

Removal of Directors

        In accordance with the DGCL and our certificate of incorporation, subject to the rights of the holders of any class or series of preferred stock, the entire board or any individual director may be removed at any time, with or without cause, only by the affirmative vote of the holders of a majority of all of the shares of capital stock then entitled to vote generally in the election of directors.

No Stockholder Action by Written Consent

        Our certificate of incorporation precludes stockholders from initiating or effecting any action by written consent and thereby taking actions opposed by our board.

Advance Notice of Proposals and Nominations

        Our bylaws require our stockholders to provide advance notice if they wish to submit a proposal or nominate candidates for directors at our annual meeting of stockholders. These procedures provide that notice of stockholder proposals and stockholder nominations for the election of directors at our annual meeting must be in writing and received by our secretary at our principal executive offices at least 60, but not more than 90, days prior to the anniversary of the date on which we first mailed our proxy materials for the prior year's annual meeting of stockholders. If, however, no meeting was held in the prior year or the date of the annual meeting has been changed by more than 30 days from the

12


Table of Contents

anniversary of the prior year's annual meeting of stockholders, notice by the stockholder must be received by the close of business on the later of the 90th day before the date of the annual meeting or the tenth day following the day on which the date of the annual meeting is first publicly announced.

Limits on Special Meetings

        Our certificate of incorporation provides that a special meeting of stockholders may only be called by our board of directors. Our stockholders will not have a right to call a special meeting under our certificate of incorporation, our bylaws or the DGCL.

Amendment of Organizational Documents

        The DGCL provides that an amendment to a corporation's certificate of incorporation requires that (i) the board of directors adopt a resolution setting forth the proposed amendment and either call a special meeting of the stockholders entitled to vote in respect thereof for consideration of such amendment or direct that the amendment be considered at the next annual meeting of the stockholders (provided a meeting or vote is required pursuant to Section 242 of the DGCL) and (ii) the stockholders approve the amendment by a majority of outstanding shares entitled to vote (and a majority of the outstanding shares of each class entitled to vote, if any).

        We reserve the right to amend or repeal any provision contained in our certificate of incorporation in the manner prescribed by the laws of the State of Delaware, and all rights conferred upon stockholders are granted subject to this reservation. However, for as long as the Stockholders Agreement is in effect, we may not amend the certificate of incorporation in any manner that would be inconsistent with the Stockholders Agreement or that would prevent any party to the Stockholders Agreement from complying with its obligations thereunder, unless such amendment is approved by a majority of our board as well as a majority of directors designated by the Selling Stockholder and a majority of the Non-Investor Directors.

        Except for the provision pertaining to the Stockholders Agreement, our board will be authorized to adopt, amend or repeal our bylaws by a majority vote and our stockholders also will have the power to adopt, amend or repeal our bylaws by the affirmative vote of the holders of a majority of the voting power of all of the then-outstanding shares of capital stock of the Company then entitled to vote generally in the election of directors, voting as a single class. Any amendment of the provisions in our bylaws pertaining to the applicability of the Stockholders Agreement by our board will require the affirmative vote of a majority of the whole board, regardless of any then-existing vacancies, including the affirmative vote of a majority of directors designated by the Selling Stockholder, and any amendment of such provision by our stockholders will require the affirmative vote of the holders of at least 80% of the then-outstanding shares of capital stock of the Company entitled to vote generally in the election of directors, voting together as a single class.

Preferred Stock

        Under the DGCL and our certificate of incorporation, we may issue authorized and unissued shares of common stock and preferred stock without stockholder approval. These additional shares may be utilized for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans. The existence of authorized and unissued shares of common stock and preferred stock could make it more difficult or discourage an attempt to obtain control of the Company by means of a proxy contest, tender offer, merger or otherwise.

Takeover Statute

        Section 203 of the DGCL generally prohibits "business combinations," including mergers, sales and leases of assets, issuances of securities and similar transactions by a corporation or a subsidiary with an

13


Table of Contents

"interested stockholder" (generally, a holder of 15% or more of the outstanding voting stock of the corporation), within three years after the person becomes an interested stockholder, unless: (i) the board of directors of the target corporation has approved, before the person became an interested stockholder, either the business combination or the transaction that resulted in the person becoming an interested stockholder, (ii) upon consummation of the transaction that resulted in the person becoming an interested stockholder, the person owns at least 85% of the corporation's voting stock or (iii) after the person becomes an interested stockholder, the business combination is approved by the board of directors and authorized at a meeting of stockholders by the affirmative vote of at least 66 2/3% of the outstanding voting stock not owned by the interested stockholder. We do not expect to opt out of the protections of Section 203 of the DGCL. As a result, the statute will apply to us.

Exclusive Forum

        Our bylaws provide that unless we consent in writing to the selection of an alternative forum, the state court located within the State of Delaware (or, if no state court located within the State of Delaware has jurisdiction, the federal district court for the District of Delaware) will be the sole and exclusive forum for (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting a claim for or based on breach of a fiduciary duty owed by any current or former director or officer or other employee of the Company to the Company or to our stockholders, including a claim alleging the aiding and abetting of such a breach of fiduciary duty, (iii) any action asserting a claim against us or any current or former director or officer or other employee of the Company arising pursuant to any provision of the DGCL, or our certificate of incorporation or our bylaws (each as may be amended from time to time), (iv) any action asserting a claim relating to or involving the Company that is governed by the internal affairs doctrine or (v) any action asserting an "internal corporate claim" as that term is defined in Section 115 of the DGCL.

Transfer Agent and Registrar

        The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.

14


Table of Contents


LEGAL MATTERS

        Davis Graham & Stubbs LLP of Denver, Colorado has provided its opinion on the validity of the securities offered by this prospectus. If legal matters in connection with offerings made under this prospectus are acted on by counsel for the underwriters, dealers or agents, if any, that counsel will be named in the applicable prospectus supplement to the extent required.


EXPERTS

        The consolidated financial statements incorporated in this prospectus by reference from BBG's Annual Report on Form 10-K for the year ended December 31, 2017, and the effectiveness of BBG's internal control over financial reporting, have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their reports, which are incorporated herein by reference. Such financial statements have been so incorporated in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing.

        Certain information incorporated by reference in this prospectus regarding our estimates of the oil and gas reserves associated with our oil and gas properties have been audited by Netherland, Sewell & Associates, Inc., an independent petroleum engineering firm. The description of the audit of such estimates is included and incorporated by reference in this prospectus upon the authority of said firm as an expert in these matters.

        The financial statements of Fifth Creek Energy Operating Company, LLC as of December 31, 2017, 2016 and 2015, and for the years ended December 31, 2017, 2016 and 2015 have been incorporated by reference into this prospectus in reliance upon the report of KPMG LLP, independent registered public accounting firm, upon the authority of said firm as experts in accounting and auditing.


WHERE YOU CAN FIND MORE INFORMATION

        We file annual, quarterly and current reports, proxy statements and other information with the SEC. Our SEC filings are available to the public over the Internet at the SEC's website at http://www.sec.gov. You may also read and copy any document we file with the SEC at the SEC's public reference room at 100 F Street, N.E., Washington, D.C. 20549. You may obtain information on the operation of the SEC's public reference room by calling the SEC at 1-800-SEC-0330. We make available free of charge through our website, http://www.hpres.com, electronic copies of documents we file with the SEC, including our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and any amendments to those reports. Access to those electronic filings is available as soon as reasonably practical after we file them with, or furnish them to, the SEC. We make our website content available for information purposes only. Information on our website is not incorporated into this prospectus or our other securities filings and is not a part of these filings.

        The SEC allows us to "incorporate by reference" the information we file with it, which means that we can disclose important information to you by referring you to another document filed separately with the SEC. The information incorporated by reference is an important part of this prospectus, and information that we file later with the SEC will automatically update and supersede this information. Any information so updated or superseded will not be deemed, except as so updated or superseded, to be a part of this prospectus. We incorporate by reference (excluding information deemed to have been furnished, and not filed, in accordance with SEC rules) the documents listed below and any future filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, before the termination of each offering under this prospectus:

    BBG's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 filed on February 27, 2018, as amended by BBG's Annual Report on Form 10-K/A filed on March 19, 2018;

15


Table of Contents

    Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, filed on May 8, 2018;

    Our Current Reports on Form 8-K filed on March 1, 2018, March 19, 2018, as amended by our Current Report on Form 8-K/A filed on May 11, 2018, and May 14, 2018;

    BBG's Current Report on Form 8-K filed on January 23, 2018, as amended by BBG's Current Report on Form 8-K/A filed on January 24, 2018, and BBG's Current Reports on Form 8-K filed on March 19, 2018; and

    The description of our common stock, par value $0.001 per share, which is contained in the Registration Statement on Form S-4, as amended (Registration No. 333-222275), under the heading "Description of Holdco Capital Stock," including any amendments or reports filed for purposes of updating such description.

        All reports and other documents we subsequently file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to the termination of this offering, but excluding any information furnished to, rather than filed with, the SEC, will also be incorporated by reference into this prospectus and deemed to be part of this prospectus from the date of the filing of such reports and documents.

        You may request a copy of all incorporated filings at no cost, by making written or telephone requests for such copies to:

HighPoint Resources Corporation
Attention: Corporate Secretary
1099 18th Street, Suite 2300
Denver, Colorado 80202
303-293-9100

        You should rely only on the information incorporated by reference or provided in this prospectus. If information in incorporated documents conflicts with information in this prospectus, you should rely on the most recent information. If information in an incorporated document conflicts with information in another incorporated document, you should rely on the most recent incorporated document. You should not assume that the information in this prospectus or any document incorporated by reference is accurate as of any date other than the respective dates of such documents. We have not authorized anyone else to provide you with any information.

16


Table of Contents

 

LOGO

HIGHPOINT RESOURCES CORPORATION

100,000,000 Shares

Common Stock



PROSPECTUS



May 29, 2018

   


Table of Contents


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM 14.    OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

        The following sets forth the expenses in connection with the issuance and distribution of the securities being registered hereby, other than underwriting discounts and commissions. All amounts set forth below, other than the SEC registration fee, are estimates.

SEC Registration Fee

  $ 84,411  

Legal Fees and Expenses

  $   (1)

Accountants Fees and Expenses

  $   (1)

Transfer and Disbursement Agent Fees

  $   (1)

Printing and EDGAR Costs

  $   (1)

(1)
These fees are based in part on the number and type of offerings and cannot be estimated at this time.

ITEM 15.    INDEMNIFICATION OF DIRECTORS AND OFFICERS

        The Company is a Delaware corporation subject to the applicable indemnification provisions of the DGCL. Under Section 145 of the DGCL, each director and officer of the Company may be indemnified by the Company against all expenses and liabilities (including attorney's fees, judgments, fines and amounts paid in settlement) actually or reasonably incurred in connection with the defense or settlement of any threatened, pending or completed legal proceedings (other than a proceeding by or in the right of the Company) in which he or she is involved by reason of the fact that he or she is or was a director or officer of the Company if such director or officer acted in good faith and in a manner that he or she reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal action or proceeding, if he or she had no reasonable cause to believe that his or her conduct was unlawful. If the legal proceeding, however, is by or in the right of the Company, the director or officer may not be indemnified for expenses in respect of any claim, issue or matter as to which he or she shall have been adjudged to be liable to the Company unless a court determines otherwise.

        The Company's governing documents contain provisions that provide for the indemnification of officers and directors to the fullest extent as is permitted by the laws of the State of Delaware, as may be amended from time to time. As permitted by Section 102(b)(7) of the DGCL, the Company's certificate of incorporation provides that a Company director will not be personally liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the director's duty of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL or (iv) for any transaction from which the director derived an improper personal benefit.

        We have entered into indemnification agreements with our directors and certain of our officers. Under the indemnification agreements, we are generally required to indemnify the directors and officers to the full extent permitted by applicable law.

II-1


Table of Contents

ITEM 16.    EXHIBITS

Exhibit No.   Description
  3.1   Amended and Restated Certificate of Incorporation of the Company. [Incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed with the Commission on March 19, 2018.]

 

3.2

 

Amended and Restated Bylaws of the Company. [Incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K filed with the Commission on March 19, 2018.]

 

4.1

 

Specimen Certificate of Common Stock. [Incorporated by reference to Exhibit 4.1 to our Quarterly Report on Form 10-Q filed with the Commission on May 8, 2018].

 

5.1

 

Opinion of Davis Graham & Stubbs LLP

 

23.1

 

Consent of Davis Graham & Stubbs LLP (included in Exhibit 5.1)

 

23.2

 

Consent of Deloitte LLP

 

23.3

 

Consent of Netherland, Sewell & Associates, Inc.

 

23.4

 

Consent of KPMG LLP

 

24.1

 

Power of Attorney (included on the signature page)

ITEM 17.    UNDERTAKINGS

(a)
The undersigned registrant hereby undertakes:

(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement

(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

      Provided, however, that:

        paragraphs (a)(1)(i) and (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference

II-2


Table of Contents

        in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.

    (2)
    That, for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

    (3)
    To remove from registration by means of a post-effective amendment any of the securities being registered that remain unsold at the termination of the offering.

    (4)
    That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:


    (A)
    Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and


    (B)
    Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

(b)
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

II-3


Table of Contents

SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing a registration statement on Form S-3 and has duly caused this registration statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on May 29, 2018.

    HIGHPOINT RESOURCES CORPORATION

 

 

By:

 

/s/ R. SCOT WOODALL

        Name:   R. Scot Woodall
        Title:   Chief Executive Officer and President


Power of Attorney

        Each of the undersigned officers and directors of HighPoint Resources Corporation, a Delaware corporation, hereby constitutes and appoints R. Scot Woodall, William M. Crawford and Kenneth A. Wonstolen, and each of them, as his true and lawful attorney-in-fact and agent, severally, with full power of substitution and resubstitution, in his name and on his behalf, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power of authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, thereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitutes, may lawfully do or cause to be done.

        Pursuant to the requirements of the Securities Act of 1933, this registration statement on Form S-3 has been signed by the following persons in the capacities and on the dates indicated.

Signature
 
Title
 
Date

 

 

 

 

 
/s/ R. SCOT WOODALL

R. Scot Woodall
  Director, President and Chief Executive Officer (Principal Executive Officer)   May 29, 2018

/s/ WILLIAM M. CRAWFORD

William M. Crawford

 

Chief Financial Officer (Principal Financial Officer)

 

May 29, 2018

/s/ DAVID R. MACOSKO

David R. Macosko

 

Senior Vice President, Accounting (Principal Accounting Officer)

 

May 29, 2018

/s/ JIM W. MOGG

Jim W. Mogg

 

Chairman

 

May 29, 2018

II-4


Table of Contents

Signature
 
Title
 
Date

 

 

 

 

 
/s/ WILLIAM F. OWENS

William F. Owens
  Director   May 29, 2018

/s/ EDMUND P. SEGNER, III

Edmund P. Segner, III

 

Director

 

May 29, 2018

/s/ RANDY I. STEIN

Randy I. Stein

 

Director

 

May 29, 2018

/s/ MICHAEL E. WILEY

Michael E. Wiley

 

Director

 

May 29, 2018

/s/ SCOTT A. GIESELMAN

Scott A. Gieselman

 

Director

 

May 29, 2018

/s/ CRAIG S. GLICK

Craig S. Glick

 

Director

 

May 29, 2018

/s/ MICHAEL R. STARZER

Michael R. Starzer

 

Director

 

May 29, 2018

/s/ MARK S. BERG

Mark S. Berg

 

Director

 

May 29, 2018

/s/ ANDREW C. KIDD

Andrew C. Kidd

 

Director

 

May 29, 2018

II-5



EX-5.1 2 a2235836zex-5_1.htm EX-5.1

Exhibit 5.1

 

May 29, 2018

 

HighPoint Resources Corporation

1099 18th Street, Suite 2300

Denver, Colorado 80202

 

Re:                              Registration Statement on Form S-3 relating to sales of up to 100,000,000 shares of common stock of HighPoint Resources Corporation by the selling stockholder named therein

 

Ladies and Gentlemen:

 

We have acted as counsel to HighPoint Resources Corporation, a Delaware corporation (the “Company”), in connection with the Company’s preparation and filing with the Securities and Exchange Commission of a Registration Statement on Form S-3 (the “Registration Statement”), pursuant to which the Company is registering under the Securities Act of 1933, as amended (the “Securities Act”), 100,000,000 shares of the Company’s common stock, $0.001 par value (the “Shares”), for resale by the selling stockholder to the public from time to time on a delayed or continuous basis pursuant to Rule 415 under the Securities Act.

 

In rendering the opinions below, we have examined and relied on originals or copies, certified or otherwise identified to our satisfaction, of the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, both as currently in effect, and such other documents, corporate records and other instruments, have made such inquiries as to questions of fact of officers and representatives of the Company and have made such examinations of law as we have deemed necessary or appropriate for purposes of giving the opinion expressed below. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity with the originals of all documents submitted to us as copies.

 

We are members of the Bar of the State of Colorado. Our examination of matters of law in connection with the opinions expressed herein has been limited to, and accordingly our opinions herein are limited to, the laws of the State of Colorado and of the Delaware General Corporation Law, including all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting such law.  We express no opinion with respect to the laws of any other jurisdiction or of any other law of the State of Delaware.

 

Based upon the foregoing and subject to the limitations set forth herein, we are of the opinion that the Shares have been duly authorized and validly issued, and are fully paid and non-assessable.

 

We hereby consent to be named in the Registration Statement and to the filing of this opinion as an Exhibit to the aforesaid Registration Statement.  In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or under the rules and regulations of the Securities and Exchange Commission.

 

 

Very truly yours,

 

 

 

/s/ Davis Graham & Stubbs LLP

 

 

 

Davis Graham & Stubbs LLP

 



EX-23.2 3 a2235836zex-23_2.htm EX-23.2

Exhibit 23.2

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in this Registration Statement on Form S-3 of HighPoint Resources Corporation of our reports dated February 28, 2018, relating to the consolidated financial statements of Bill Barrett Corporation and subsidiaries, and the effectiveness of Bill Barrett Corporation and subsidiaries’ internal control over financial reporting, appearing in the Annual Report on Form 10-K of Bill Barrett Corporation for the year ended December 31, 2017, and to the reference to us under the heading “Experts” in the Prospectus, which is part of this Registration Statement.

 

/S/ Deloitte & Touche LLP

 

Denver, Colorado
May 29, 2018

 



EX-23.3 4 a2235836zex-23_3.htm EX-23.3

Exhibit 23.3

 

CONSENT OF INDEPENDENT PETROLEUM ENGINEERS AND GEOLOGISTS

 

We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 pertaining to share registration (including any amendments thereto) filed by HighPoint Resources Corporation to the references to our firm, in the context in which they appear, and to our audit report as of December 31, 2017, included in the Annual Report on Form 10-K of Bill Barrett Corporation for the fiscal year ended December 31, 2017, as well as in the notes to the financial statements included therein.

 

 

NETHERLAND, SEWELL & ASSOCIATES, INC.

 

 

 

By:

/s/ C.H. (Scott) Rees III

 

 

C.H. (Scott) Rees III, P.E.

 

 

Chairman and Chief Executive Officer

 

Dallas, Texas

May 29, 2018

 



EX-23.4 5 a2235836zex-23_4.htm EX-23.4

Exhibit 23.4

 

Consent of Independent Registered Public Accounting Firm

 

We consent to the incorporation by reference in the registration statement on Form S-3 of HighPoint Resources Corporation of our report dated March 14, 2018, with respect to the balance sheets of Fifth Creek Energy Operating Company, LLC as of December 31, 2017, 2016, and 2015, and the related statements of operations, members’ equity, and cash flows for each of the years in the three-year period ended December 31, 2017, and the related notes (collectively, the “financial statements”), which report appears in the Form 8-K/A of HighPoint Resources Corporation dated May 10, 2018, and to the reference to our firm under the heading “Experts” in the prospectus.

 

 

/s/ KPMG LLP

 

Denver, Colorado

May 29, 2018

 



GRAPHIC 6 g349506.jpg G349506.JPG begin 644 g349506.jpg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end