Haynesville Shale Gas Gathering Agreement
Represented midstream company in the negotiation and documentation of a gas gathering agreement to gather production, pursuant to an acreage dedication, in the Haynesville Shale of Louisiana.
Oil and Gas Participation and Exploration Agreements
Represented independent E&P company in the negotiation of participation and exploration agreements for the development of shale oil and gas properties located in Alabama and Mississippi. In connection with the participation and exploration agreements, negotiated and documented a tax partnership agreement to share and allocate intangible drilling credits (IDCs) among the joint owners.
Oil and Gas Lease Option and Participation Agreement
Represented E&P company in oil and gas lease option and participation agreement, including negotiation of oil and gas lease with mineral interest owner of 40,000 acres in the Eagle Ford formation and negotiation of right-of-way agreement with surface owners of large South Texas ranch.
$500 Million Senior Secured Credit Facility
Represented E&P company as borrower under $500 million credit facility entered into in connection with the company's refinancing of existing indebtedness and acquisition of oil and gas properties.
$75 Million Disposition of Producing Oil and Gas Properties
Represented independent oil and gas company in the disposition of undivided working interests located in the Green River Basin of Wyoming.
$110 Million Revolving Credit Facility - Eagle Ford Shale Gas Gathering System
Represented the administrative agent in a $110 million revolving credit facility for the development of a gas gathering system located in the Eagle Ford Shale. The loan was secured by all of the borrower's assets, including its various gathering systems, lateral lines, main lines, rights of way and pledges of equity in subsidiaries.
$150 First Lien Credit Facility
Represented the administrative agent and sole lender in the documentation of a $150 million first lien credit facility, secured by the borrower's overriding royalty interests located in the Eagle Ford Shale. Further represented the first lien agent in the negotiation and documentation of an intercreditor agreement with the second lien agent.
$120 Million Senior Secured Credit Facility
Represented administrative agent in transfer of agency and syndication of a $120 million senior secured credit facility for an E&P company.
$100 Million Senior Secured Credit Facility
Represented administrative agent and lender in a $100 million amended senior secured credit facility in connection with borrower's expansion into the Marcellus Shale formation.
$300 Million Senior Secured Credit Facility
Represented administrative agent and lender in a $300 million senior secured credit facility for a borrower focused on the exploration and development of Mississippi Lime formation properties.
$250 Million Senior Secured Credit Facility
Represented E&P company as borrower under a $250 million credit facility entered into in connection with the company's refinancing of existing indebtedness and recapitalization.
$150 Million Development Loan
Represented administrative agent and lenders in a $150 million development loan to a borrower focused on the exploration and development of Eaglebine, West Texas and DJ Basin properties.
$150 Million Senior Secured Credit Facility
Represented administrative agent and lender in a $150 million senior secured credit facility for a borrower focused on the exploration and development of Marcellus Shale properties.
$150 Million Senior Secured Credit Facility
Represented administrative agent and lender in a $150 million senior secured credit facility for a borrower focused on the exploration and development of Eagle Ford properties.
$25 Million Revolving Credit Facility - Oil and Gas Properties in Austin and Waller Counties in Texas
Represented the administrative agent and sole lender in a $25 million revolving credit facility to finance the acquisition and development of “conventional” oil and gas properties located in Austin and Waller Counties in Texas. The facility was secured by a lien upon all of the borrower’s assets, including the oil and gas properties.
Wildcat Sabine Gas Gathering System - Bossier-Haynesville Shale Play
Represented US Infrastructure Holdings, LLC in the acquisition of the Wildcat Sabine Gas Gathering System situated in the Bossier-Haynesville Shale. Further represented US Infrastructure Holdings, LLC in the negotiation and documentation of numerous gas gathering agreements and transportation agreements in connection with the Wildcat Sabine Gas Gathering System.
$450 Million Syndicated Credit Facility for GeoResources, Inc.
Represented lead arranger and administrative agent in connection with $450 million syndicated revolving credit facility for GeoResources, Inc., an independent oil and gas company engaged in the acquisition and development of oil and gas reserves. The credit facility is secured by interests in oil and gas properties located in Texas, Louisiana and in the Williston Basin.
$150 Million Development Loan - Marcellus Shale
Represented Wells Fargo Energy Capital, Inc. in a secured $150 million development financing involving shale oil and gas assets in Pennsylvania. Facility was secured by the oil and gas properties and the lenders additionally received a net profits interest from the production.
Acquisition of Offshore Oil and Gas Properties in Conjunction with Listing on the AIM
Represented Silvermere Energy PLC in the formation of a U.S. based subsidiary and in Silvermere's subsequent acquisition of offshore oil and gas assets in the coastal waters of Texas. Additionally, served as U.S. counsel in conjunction with Silvermere's placement on the London Alternative Investment Market.
Guggenheim Partners - $50 Million Debt Purchase and Refinancing
Represented credit provider in connection with a $50 million distressed debt purchase and subsequent refinancing of a green energy oil recycling refinery in San Francisco, California.
Sale of Oil and Gas Properties
Represented Texas American Resources Holdings in the sale of its Denver-Julesburg Basin assets in Colorado and Wyoming for approximately $150 million.
$75 Million Revolving Credit Facility - Eagle Ford Shale Gas Gathering System
Represented the agent and lender in a $75 million revolving credit facility for the acquisition and development of a gas gathering system located in the Eagle Ford Shale. The loan was secured by all of the borrower's assets, including its various gathering systems and pledges of equity in subsidiaries.
$100 Million Senior Secured Credit Facility and $60 Million Equity Investment - Eagle Ford Shale
Represented the administrative agent and investor in joint debt and equity facilities to finance the acquisition and development of oil and gas properties located in the Eagle Ford Shale Play. The debt facility involved a $100 million advancing line credit facility secured by all of the borrower’s assets, including the oil and gas properties. The lenders under the debt facility additionally received a convertible royalty interest, consisting of an overriding royalty interest that converts into a net profits interest, in the oil and gas properties. The equity facility involved the formation of a limited partnership to own and operate the properties and an initial capital investment of $30 million.
$200 Million Second Lien Loan - Acquisition of Oil and Gas Properties
Represent second lien lender and agent in connection with $200 million second lien loan for acquisition of Barnett Shale Properties, including negotiation of intercreditor agreement between first lien lenders and hedge providers and second lien lenders.
$12 Million Acquisition of Idaho and Oregon Oil and Gas Properties
Represented E&P company in $12 million acquisition of oil and gas properties in Idaho and Oregon and exploration and participation agreements entered into in connection with the acquisition.
TXCO Resources - Newfield Exploration Co.
Representation of Newfield Exploration Co. in purchase of assets in the Maverick Basin of Southwest Texas from TXCO Resources Inc., a San Antonio-based oil and natural gas exploration and development company. Newfield and the Anadarko Petroleum Company purchased substantially all the assets of TXCO for $310 million pursuant to an order of the United States Bankruptcy Court for the Western District of Texas.
$825 Million Equity Investment and Second Lien Financing - Gulf Coast Assets
Represented an investment bank and mezzanine debt holder, in connection with an $825 million equity investment and second lien financing for the purchase of certain Gulf Coast assets. (Financing of the Year under
Oil and Gas Investor’s Top Deals for 2007)
Field Development Financing - Production Payment Facility
Represented the credit provider in a field development financing through a multiple tranche production payment facility.
Development Loan - Oil and Gas Exploration
Represented the sole lender in a secured development loan to a publicly held company, for the exploration of oil and gas in various offshore blocks in the Gulf of Mexico. The loan was secured by interests in oil and gas properties both offshore and onshore, the pledge of equity in various affiliates of the borrower, and multiple guaranties by affiliates of the borrower. (Discovery of the Year under
Oil and Gas Investor's Top Deals for 2007)
$1.5 Billion Secured Acquisition Finance - Oil and Gas Reserves
Represent the lead agent and arranger, in a syndicated secured acquisition financing (master note amount of $1.5 billion) financing the purchase of Michigan, Indiana, and Kentucky assets, secured by oil and gas reserves in multiple states. (M&A Deal of the Year under
Oil and Gas Investor’s Top Deals for 2007)
$200 Million Field Development Line of Credit
Represented the credit provider in field development line of credit financings, aggregating over $200 million, involving net profits interest convertible into overriding royalty interest following repayment of principal.
$400 Million Secured Acquisition Facility - Producing and Undeveloped Gas Fields
Represented a lender in a senior secured syndicated $400 million first lien revolving credit acquisition facility, secured by oil and gas properties in several states. This transaction also involved negotiation of a second lien secured credit facility. Proceeds were used for the acquisition of producing gas fields and undeveloped acreage in Texas, the Texas Gulf Coast, and Louisiana from EXCO Resources., Inc.