$62 Million Disposition of Alabama Coalbed Methane Assets
Represented GeoMet, Inc. in the approximately $62 million disposition of all of GeoMet's producing and non-producing coalbed methane assets located in Alabama.
$160 Million Senior Secured Advancing Term Loan and $10 Million Equity Investment
Represented investment firm in credit facility with oil and gas waste disposal company and corresponding equity investment in company. Proceeds were used to refinance existing indebtedness and fund an acquisition.
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.
$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.
$60 Million Senior Secured Credit Facility
Represented administrative agent and lender in a $60 million senior secured credit facility and equity kicker agreement with a borrower in the oil and gas waste disposal business.
Guggenheim Partners - Secured Term Loan
Represented agent and lender in a secured term loan to an oil recycling refinery, with operations across Louisiana, Indiana, Nevada and California, secured by liens upon the various refining and storage operations. The lenders additionally received an equity kicker in the form of warrants in the borrower. Further represented the lenders in the negotiation of multiple intercreditor agreements and subordination agreements among the various other creditors of the borrower.
Panda Power Funds/Sherman Gas-Fired Power Plant
Represented Panda Power Funds in the secured financing of the development of a natural gas-fired power plant in Sherman, Texas.
$250 Million Secured Credit Facility
Represented offshore E&P company as borrower in a $250 million credit facility secured by the borrower's offshore Gulf of Mexico properties. In connection with the credit facility, represented the borrower in the negotiation of multiple intercreditor agreements with the second lien creditors and the hedge providers.
$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.
$50 Million Senior Secured Second Lien Term Loan Facility
Represented Wells Fargo Energy Capital, Inc., as the administrative agent and sole lender, in a $50 million senior secured second lien term loan to LRR Energy, L.P. The loan was secured by LRR Energy, L.P.'s oil and gas properties located in the Permian Basin as well as Oklahoma and the Texas Gulf Coast.
$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.
$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.
Amegy Bank, N.A. and National Bank of Arizona - Solar Energy Project Financing
Represented the agent and lender in a complex financing of a solar energy company which will lease solar equipment to thousands of homeowners. The financing was secured by various federal and state solar energy grants and incentives and the leased solar equipment.
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.
$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.