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As an energy-industry leader, Bracewell’s finance lawyers represent domestic and international lending institutions as well as public and private oil and gas companies in the full range of reserve-based financings.   Regardless of context, we advise our clients throughout the lifecycle of the loan, always with an eye toward meeting their broader goals.

Experience

Recent Notable Matters

One of the leading global financial institutions — $300 million multicurrency revolving credit facility to Core Laboratories N.V., a publicly traded Dutch oilfield services company, and its wholly owned U.S. subsidiary Core Laboratories (U.S.) Interests Holdings, Inc., guaranteed by certain of the parent borrower’s Dutch, Curacao, British, Irish, Luxembourg, Canadian, Gibraltar, and U.S. subsidiaries, as administrative agent

Crédit Agricole Corporate and Investment Bank$4.65 billion senior secured facility consisting of a $1 billion revolving facility, a $1.39 billion senior secured letter of credit facility, and a $2.26 billion senior secured term facility, each subject to certain increases, in favor of McDermott International, Inc., as parent, and its subsidiaries

Multinational investment bank and financial services company — $1 billion secured, reserve based revolving credit facility to a privately held oil and gas exploration and production company, as administrative agent

MUFG Union Bank$1.5 billion unsecured revolving credit facility to Continental Resources, Inc., as administrative agent

Oil and gas exploration company$100 million secured revolving credit facility, with an initial borrowing base of $6.5 million, with Texas Capital Bank, N.A., as administrative agent, to finance the acquisition, drilling and development of oil and gas properties, refinance existing debt and for general corporate purposes

Oil and gas exploration and production company$500 million secured, revolver and letter of credit facility with Société Générale, as administrative agent, secured by all personal property and certain real property constituting at least 85 percent of the PV-10 value as reflected in the applicable reserve report

A privately held exploration and production company$150 million unsecured, bridge term loan facility with Goldman Sachs Bank USA, as administrative agent, to finance the acquisition of oil and gas properties located in Louisiana

HPS Investment Partners, LLC, as Lead Investor$150 million secured, super-priority incremental facility to Vine Oil & Gas LP, an oil and gas exploration and production company, secured by substantially all assets of the borrower, including its oil and gas properties in Louisiana

First Tennessee Bank $50 million senior secured revolving credit facility to an offshore exploration and production company with oil and gas properties off the coast of Louisiana, as administrative agent

Gran Tierra Energy International Holdings Ltd.amendment to the secured credit facility to add a term loan in connection with an acquisition of oil and gas entities and assets in Colombia and entities organized in Colombia, Panama, Spain and the United Kingdom

Oil and gas exploration and production company$90 million secured, term loan and incremental revolver facility with Wilmington Trust, NA, as administrative agent, secured by all personal property and certain real property constituting at least 90 percent of the PV-10 value as reflected in the applicable reserve report

Société Générale$235 million senior secured credit facility to a private offshore development, exploration and production company with oil and gas properties off the coasts of Louisiana, Mississippi, and Alabama, as administrative agent

An oil and gas exploration and production company$40 million secured, second lien term loan facility with Wilmington Trust, National Association, as administrative agent, secured by all personal property and certain real property constituting at least 90 percent of the PV-10 value as reflected in the applicable reserve report

A privately held exploration and production company$750 million senior secured reserve-based revolving credit facility with Wells Fargo Bank, N.A., as administrative agent, to finance the acquisition, development and maintenance of oil and gas properties located in Texas secured by substantially all assets of the borrower and its subsidiaries, including its oil and gas properties located in Texas

JPMorgan Chase Bank, NAamendment to increase an existing $250 million senior secured reserve-based revolving credit facility to a $1.5 billion senior secured reserve-based revolving credit facility for a privately held exploration and production company, as borrower, to finance the acquisition, development and maintenance of oil and gas properties located in Texas and Oklahoma secured by substantially all assets of the borrower and its subsidiaries, including its oil and gas properties located in Texas and Oklahoma, as administrative agent

Sponsor-backed exploration and production companies$125 million senior secured revolving credit facility with ZB, N.A. DBA Amegy Bank, as administrative agent

A privately held production, development, and exploration company$100 million senior secured revolving credit facility from Texas Capital Bank, NA, as administrative agent and sole lead arranger; and an associated intercreditor agreement among the borrower, the administrative agent, and Cargill, Incorporated and BP Energy Company, as swap counterparties

An exploration and production company$50 million second lien term loan facility with Wells Fargo Energy Capital, Inc., as administrative agent

A private exploration and production company$600 million secured revolving credit facility with Wells Fargo Bank, N.A., as administrative agent

Citibank, N.A.senior secured reserve-based revolving credit facility to Lonestar Resources America Inc., an oil and gas exploration and production company, as administrative agent

JPMorgan Chase Bank, N.A.secured reserve-based revolving credit facility to an Encap-backed oil and gas exploration and production company with oil and gas properties in Oklahoma, as administrative agent

Group of 25 lenders — $2.5 billion secured loan and letter of credit facility for Lundin Petroleum, based on oil and gas assets in France, Indonesia, Norway and The Netherlands; the transaction was coordinated by HSBC as documentation bank and BNP Paribas as facility agent and security trustee, along with 15 other lead arrangers

Bank of Nova Scotia$175 million reserve-based lending facility provided by The Bank of Nova Scotia, HSBC Bank USA, National Association, and Société Générale to Amerisur Resources plc, as arranger

Deutsche Bank and IFC$160 million facility for Kuwait Energy International Limited’s assets in Egypt and the Ukraine

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