Adam Dempsey counsels and represents domestic and foreign financial institutions, mezzanine funds, private equity funds, other credit providers and borrowers in all types of secured and unsecured credit transactions, including asset based lending, senior and subordinated debt financings, cross-border financings, debt restructurings, project and acquisition financings, letter of credit facilities, term loans, working capital loans, bond credit enhancement facilities, securitization and conduit lending transactions, oil and gas secured financings, as well as loan restructures and workouts and other various interbank relationships involved in syndicated loan transactions. A large portion of Adam’s practice consists of the representation of large commercial banks in connection with syndicated credit facilities to borrowers in a wide variety of industries with a particular emphasis on leveraged buyouts, secured oil and gas reserve-based lending and the financing of midstream pipeline and oilfield services acquisitions and working capital lines of credit.
Adam also represents and counsels exploration and production companies, pipeline companies, developers, purchasers, sellers, borrowers and lenders in all aspects of energy and energy-related transactions, including oil and gas, liquefied natural gas and gas and liquids pipeline transactions. These transactions have included mergers and acquisitions, exploration, production and development agreements, transportation and processing agreements, joint ventures, farmouts and participation agreements.
Before returning to Bracewell, he worked as senior counsel – acquisitions and dispositions with Marathon Oil Corporation.
Recent Notable Matters
Venoco, LLC — Brokered settlements for company (who owned oil and gas assets off the California coast on federal lands) with several holders of decommissioning claims that led to a consensual Chapter 11 plan that was confirmed in May 2018*
Wells Fargo Bank, N.A. — $750 million secured revolving credit facility subject to an oil and gas reserve based borrowing base to Alta Mesa Holdings, LP, as administrative agent
JPMorgan Chase Bank, N.A. — $500 million senior, secured oil and gas borrowing base facility for Callon Petroleum Company secured by oil and gas properties located in the Permian Basin
Marathon Oil — Sale of the company's remaining interest in the Atrush Block of the Kurdistan region of Iraq *
Subsidiary of Marathon Oil — Joint venture arrangement with Equinor subsidiary related to the development of a 285,000-net-acre portion of the Austin Chalk play in Louisiana *
Subsidiary of Marathon Oil — $329 million acquisition of certain oil and natural gas interests located in the Eagle Ford shale play*
* Work completed prior to Bracewell
Publications and Speeches
Certified Public Accountant, Texas