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Energy Finance

Thompson & Knight’s cross-practice team of attorneys helps financial institutions and businesses in the energy industry acquire and sell assets, provide and secure financing, and organize partnerships and joint ventures.

Overview

Thompson & Knight helps financial institutions and businesses in the energy industry acquire and sell assets, provide and secure financing, and organize partnerships and joint ventures. We combine our expertise in energy finance; partnership; corporate and securities laws; taxation; oil, gas, and mineral law; administrative and regulatory law; banking; land use and environmental; and international issues to give our clients the benefit of comprehensive industry counsel.

Thompson & Knight’s attorneys “are absolute experts on oil and gas transactional work.” – Client Testimonial, U.S. News-Best Lawyers® “Best Law Firms” 2019

Our energy finance attorneys assist integrated multi-nationals and large and small independent oil and gas companies with oil and gas transactions and financings. We work with our clients to buy and sell companies and producing and drilling properties, sell assets, establish credit facilities, make public offerings and private placements, and reorganize. We also help producers and financial institutions form joint ventures, limited partnerships, and program or participation agreements. In addition, our attorneys advise financial institutions on their energy industry financing transactions and purchases of production payments, net profits interests, preferred stock, common stock, convertible debentures, and other securities.

Experience

  • Represented an oil and natural gas exploration and production company, as borrower, in a $4 billion syndicated credit facility
  • Represented Yorktown Partners LLC in connection with the formation of Yorktown Energy Partners XI, with total commitments from investors of $1.2 billion
  • Represented an independent natural gas and oil company and its direct subsidiary in connection with a $2.5 billion revolving credit facility
  • Represented Double Eagle Energy Holdings III LLC in its raising of more than $1 billion in equity commitments from multiple investors that were anchored by a contribution from funds managed by Apollo Global Management LLC
  • Represented Tailwater Capital LLC in the formation of Tailwater Energy Fund III LP, with approximately $900 million in committed capital, as well as in the formation of Silver Creek Midstream CoInvest LP, a co-invest vehicle for Fund III portfolio company Silver Creek Midstream, with $100 million in committed capital
  • Represented Basic Energy Services in its $300 million offering of 10.75% senior secured notes due 2023
  • Represented the agent bank in a $1.5 billion 364-day credit facility, $1.6 billion U.S./Canada unsecured revolving credit facility, and $1.4 billion U.S./Canada secured hedged inventory credit facility
  • Represented Lime Rock Partners in the formation of Lime Rock Partners VII, L.P., with $500 million in total commitments
  • Represented Chaparral Energy, Inc. in its $300 million offering of 8.75% senior unsecured notes due 2023
  • Represented the agent bank in connection with a syndicated senior secured oil and gas upstream minerals credit facility involving approximately 184 oil and gas wellbore mortgages across 14 states
  • Represented an independent oil and gas company with a highly concentrated acreage position in the Delaware Basin, as borrower, in a $750 million syndicated revolving credit facility
  • Represented Scout Energy Partners in the formation of Scout Energy Partners IV-A, LP and Scout Energy Partners IV-B, LP, with total commitments of $500 million
  • Represented Pure Acquisition Corp., a special purpose acquisition company, in its $414 million initial public offering
  • Represented Rex Energy Corporation in a $325 million senior notes offering; the 144A offering of 6.25% Senior Notes due 2022 was upsized from the previously announced $250 million aggregate principal amount
  • Represented PetroCap in the formation of PetroCap Partners II, L.P., with $350 million in total commitments
  • Served as U.S. counsel to Source Energy Services in its IPO in Canada of approximately 16.7 million common shares at C$10.50 per common share for aggregate gross proceeds of approximately C$175 million as well as its 144A private offering in the United States
  • Represented Chaparral Energy, L.L.C. in a DrillCo transaction with BCE Roadrunner LLC, an affiliate of Bayou City Energy, to jointly develop Chaparral’s STACK acreage in Canadian and Garfield Counties, Oklahoma
  • Represented Warren Resources, Inc. in its $300 million 144A offering of 9.00% Senior Notes due 2022
  • Represented Meritage Midstream Services III LP in its $300 million commitment from funds managed by Riverstone Holdings LLC to pursue midstream opportunities in Western Canada’s emerging resource plays
  • Represented Pivotal Petroleum Partners in a DrillCo transaction to fund up to 18 SCOOP wells (with an off ramp after the first nine) on a 75/25 basis with Canyon Creek Energy; after reaching payout, the interests will revert to 25/75

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