Simpson Thacher Represents Wells Fargo in Connection With $250 Million Credit Facility for EagleRidge Energy
08.28.17
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The Firm recently represented Wells Fargo, as Administrative Agent, in connection with a $250 million revolving credit facility with an initial borrowing base of $95 million for Eagle Ridge Energy II LLC to finance its oil and gas exploration and production.
EagleRidge Energy is an independent oil & gas acquisition, development and production company. The primary focus of operations is in the Barnett Shale of North Texas. EagleRidge currently has nearly 20,000 net acres leased in Denton, Wise, Tarrant and Stephens counties with many wells currently operating.
The Simpson Thacher team included Richard Sitton and Andrew Lanius (Banking and Credit). Summer Associate Ben Steiner provided much appreciated contributions to the team.