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Distressed Asset Acquisitions & Investments

Experience Highlights

  • Riverstone Holdings in its capacity as second lien lender and private equity sponsor in connection with Fieldwood Energy’s restructuring, including the conversion of more than $1.6 billion in funded debt to equity, its $525 million new money rights offering, and the acquisition of Noble Energy’s deepwater assets in the Gulf of Mexico, all as effectuated through prepackaged chapter 11 cases

  • PennEnergy Resources, LLC in connection with its purchase of substantially all of the assets of Rex Energy Corporation for $600.5 million and negotiation of a comprehensive global settlement to the chapter 11 case

  • Jonah Energy, LLC in connection with its asset purchase agreement with LINN Energy, Inc. to acquire natural gas and oil producing properties in the Jonah and Pinedale fields

  • TPG Pace Energy Holdings, a Special Purpose Acquisition Company and affiliate of TPG, in the $2.66 billion acquisition of oil and gas assets from EnerVest, while EV Energy Partners, an EnerVest subsidiary, was in chapter 11

  • Rice Energy Inc., an oil and gas exploration and production company, in connection with its stalking horse asset purchase agreement with a subsidiary of Alpha Natural Resources, Inc., to acquire certain assets in central Greene County, Pennsylvania through Alpha’s chapter 11 bankruptcy proceedings for $200 million

  • Angelo, Gordon Energy Servicer, LLC as administrative agent for a prepetition secured credit facility and a debtor in possession credit facility in the chapter 11 bankruptcy case of Weatherly, Oil & Gas, LLC 

  • Patterson-UTI Energy, Inc., a provider of contract drilling and pressure pumping services, in the all-stock transaction purchase agreement from Seventy Seven Energy Inc.

  • Resource Energy Partners LLC  (sponsored by Apollo Global Management) as purchaser of substantially all of the E&P assets of American Eagle Energy Corporation pursuant to Section 363 of the Bankruptcy Code (District of Colorado)

  • Highbridge Principal Strategies in connection with Shoreline Energy’s restructuring efforts and its chapter 11 cases

  • TH Exploration III, LLC as the section 363 stalking horse bidder for the Appalachia Assets marketed for sale in the chapter 11 case of Stone Energy filed in Houston, Texas

  • Resource Energy Partners LLC, sponsored by Apollo Global Management, as purchaser of certain E&P assets from Samson Resources Corporation in their chapter 11 cases pursuant to Section 363 of the Bankruptcy Code

  • Shelf Subsea Services, an SCF Partners portfolio company, in the $17 million acquisition of the Australian and Asian assets of Cal Dive International

  • A confidential bidder in connection with SunEdison’s chapter 11 cases