Energy

The dedicated, knowledgeable professionals of Morgan Keegan’s Energy team focus on energy public offerings, private placements, recapitalization and M&A advisory and have extensive upstream, oilfield service, transportation/midstream, and coal/alternatives transaction experience.

Case Studies

Fairplay Midstream

Fairplay Midstream, L.P. (“Fairplay”) was acquired by a subsidiary of Momentum. Fairplay owns and operates approximately 200 miles of non-regulated natural gas gathering systems in Rusk and Panola counties in East Texas. In addition to providing fee based transportation, Fairplay also provides gas treating and marketing services to gas producers.

Momentum is an independent midstream energy company that provides natural gas and natural gas liquids producers with flexible, responsive and reliable services linking the wellhead to the market.

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B.E.G. Liquid Mud

B.E.G. Liquid Mud (“B.E.G.”) was acquired by Omni Energy Services Corporation. B.E.G. is an industry leader in oil and gas field drilling services, providing a full range of products, including drilling fluids, chemicals, storage, mixing and fluid pumping. Its drilling support packages can also include fluid trucking, recycling, tank cleaning and disposal services throughout central Texas, Louisiana and beyond.

Formed in 1987, Omni Energy Services Corporation has evolved into a premier service provider to the Oil and Gas Industry. OMNI, a publicly-traded company (NASDAQ: OMNI), specializes in providing a range of integrated services and rental equipment to geophysical companies engaged in the acquisition of onshore seismic data in logistically difficult and environmentally sensitive areas of the Gulf Coast regions of the United States; and exploration and production companies and drilling contractors operating in the offshore waters of the Gulf of Mexico and the prolific onshore regions of the United States. Through three principal operating segments (Seismic Services, Land Operations and Offshore Operations), OMNI adds valuable services that begin with exploration and continue through drilling and production for the oil and gas industry.

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Xterra Fishing & Rental Tools

Xterra Fishing & Rental Tools Co. (“Xterra”) was acquired by Basic Energy Services, Inc. Xterra, located in Odessa, Texas, is a fishing and rental tools provider located primarily in the Permian Basin market.

With headquarters in Midland, Texas, Basic (NYSE: BAS) is a dynamic and dedicated industry leader in the delivery of oilfield services from drilling to production maintenance to plugging and abandonment. Founded in 1992, Basic has grown to be the nation’s third largest well servicing contractor with more than 5,200 employees in more than 100 service points throughout major oil & gas producing regions in South Texas, the Texas Gulf Coast, the Ark.-La.-Texas region, North Texas, the Permian Basin of West Texas, the Mid Continent, Louisiana Inland Waters and the Rocky Mountains.

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T.A.W., Inc.

T.A.W. Services Holdings, through T.A.W., Inc. (“TAW”) was acquired by Lime Rock Partners. TAW provides a variety of environmental and construction services, equipment and personnel to oil and gas producers in the Mid-Continent region of the United States. Through its affiliates, Action E.R., LLC, Machen Contracting, Inc. and 101 Excavation Co., Inc., TAW provides a full range of services, including drilling site and lease road preparation, soil hauling and erosion control; drilling rig setup assistance; roustabout services, including water transfer; post drill cleanup and remediation/reclamation services; pipeline construction, repair and hook-ups; compressor pad construction and installation; and environmental services such as pit, pond and lagoon closures, chemical spill clean up and emergency on-site materials clean-up. TAW also owns a large fleet of late-model heavy construction, transportation and support equipment.

Founded in 1998, Lime Rock Partners is a creative, value-adding and long-term investor of growth capital in energy companies worldwide. With $3.5 billion of private capital under management and $3.0 billion in the Lime Rock Partners funds, the Lime Rock Partners team uses its deep interdisciplinary expertise, global network of relationships and track record of value creation to help its investors and portfolio company management teams profit from exceptional growth.

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BPZ Energy, Inc.

BPZ Resources, Inc., through BPZ Energy, Inc. (“BPZ”) raised $48 million through a private placement offering. BPZ is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production covering approximately 2.4 million acres in four properties in northwest Peru. It also owns a minority working interest in a producing property in southwest Ecuador. BPZ is currently executing an integrated gas-to-power strategy, which includes generation and sale of electric power in Peru and sales of gas into Ecuador for third-party power generation, in parallel with the development of the Corvina oil discovery and the redevelopment of the Albacora oil field.

Proceeds from this offering will be used primarily to fund the ongoing oil development in the Corvina and Albacora oil fields in the BPZ’s offshore Block Z-1, including payment of accounts payable incurred in connection with such development, and general corporate purposes consistent with the company's operating plan.

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Representative Transactions

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