August 4, 2008

XTO Energy, Inc. (XTO) announced that it completed a previously announced stock offering of 26 million shares priced at $48.00 for gross proceeds of approximately $1.25 billion.   The underwrites have also exercised their option to purchase an additional 3.9 million shares.  Pritchard Capital acted as a member of the selling syndicate for this transaction. 

July 17, 2008

GMX Resources (GMXR) announced that it has priced a public offering of 2 million shares of its common stock at $70.50 per share.  Company has granted the underwriters a 30-day option to purchase a maximum 300,000 additional shares.  Total gross proceeds from the transaction are $163 million.  The Company intends to use a substantial portion of the net proceeds from the offering to temporarily repay outstanding indebtedness under its revolving credit facility.  Pritchard Capital acted as co-manager for this transaction.

July 15, 2008

Saratoga Resources, Inc. (SROE) announced that it has completed the acquisition of Harvest Oil & Gas, LLC and The Harvest Group, LLC.  Under the terms of the acquisitions, Saratoga paid an aggregate of $105,683,000 in cash and issued 4,900,000 shares of Saratoga common stock for 100% of ownership of both Harvest companies. Pursuant to the terms of the acquisitions, a portion of the cash paid was applied to retire all existing bank debt of Harvest and a portion of the cash paid and shares of stock issued were applied to eliminating an existing net profits interest in Harvest’s properties.  Based in Covington, Louisiana, Harvest owns, manages and operates producing oil and gas properties in South Louisiana onshore and the state waters of the Gulf of Mexico.  Financing for the Harvest acquisition was provided through a $97.5 million second lien senior note facility and a $25 million first lien senior revolving credit facility. Pursuant to the terms of the second lien note facility, Saratoga issued a warrant to purchase an aggregate of 805,515 shares of common stock at $0.01 per share.   Pritchard Capital acted as financial advisor on the acquisition and as the introducing broker for the second lien note facility. 

May 19, 2008

Pritchard Capital Partners Expands Equity Research Group
Mark Brown Joins As Senior Analyst Focusing on Oilfield Services

MANDEVILLE, La.--(BUSINESS WIRE)--Pritchard Capital Partners, an energy investment bank, today announced the addition of Mark Brown as a senior analyst to the firm’s established equity research group. He will be responsible for coverage of the oilfield services sector. Mr. Brown has over 15 years financial experience and most recently spent the pervious two years as a research analyst at Bear, Stearns & Co. Inc. covering oil services & equipment.


Mr. Brown joins the firm’s equity research group, which is recognized by Institutional Investor as an “All-Star Research Boutique Team,” with more than 40 energy companies under coverage in the areas of E&P and oilfield services. The addition of Mr. Brown is part of a continued effort to expand Pritchard Capital’s equity research group by increasing the number of companies under coverage by more than double in 2008.

“Mark is a highly regarded analyst and infuses value in the coverage of this segment and will enhance our niche energy expertise,” said Thomas Pritchard, Managing Partner and Founder of Pritchard Capital Partners. “His market insight and access to companies’ management fits perfectly into Pritchard Capital’s core capabilities and offering.”

Added Brown: “I look forward to being a part of an experienced team of professionals with a unique perspective and native understanding of the sector. Pritchard Capital’s differentiated approach and position to capitalize on changes in the investment community and the energy industry was appealing to be a part of.”

While at Bear Stearns, Brown provided financial analysis on stocks in the oil services and equipment sector and initiated his own coverage of companies. He also authored a predictive report detailing the increase in M&A activity in the oilfield services sector, which earned him recognition as one of the top five“Calls of the Year” in 2007 by the institutional sales force. Previously, he was an investment banker at Merrill Lynch & Co. and J.P. Morgan, responsible for various M&A, equity and convertible transactions as well as coordinating IPO offerings in the diversified industrials and healthcare sectors. He began his career as a senior consultant for Bain & Co. Mr. Brown has an MBA from the University of Chicago Graduate School of Business and a BA in Economics and Computer Sciences from Harvard.

Brown will be based in Pritchard Capital’s New York office.


About Pritchard Capital Partners LLC

Founded in 2001, Pritchard Capital Partners is an independent energy investment bank and institutional financial services firm, focused on idea generation and intelligence in the oil, gas and power markets. With an emphasis across all segments of the energy sector – exploration and production (E&P), oilfield services and clean and alternative energy – Pritchard Capital Partners has quickly proven to be a recognized leader and provider of value-added financial advisory expertise in corporate finance, institutional sales and equity research.

Pritchard Capital is headquartered in Mandeville, Louisiana and has offices in Atlanta, Houston, New York and Washington D.C. For more information, please visit www.pritchardcapital.com


May 9, 2008

Petrohawk Energy Corporation (HK) announced that it has priced its public offering of 25 million shares of common stock at a public offering price of $26.39 for gross proceeds of approximately $660 million.  Based on market demand, the Company increased the offering size by four million shares from 21 million shares and increased the underwriters’ over-allotment option by a proportional amount.  Net proceeds from the offering will be used to pay down the outstanding borrowings on Petrohawk's senior revolving credit facility, which, together with cash provided by the Company's concurrent senior notes offering, will provide additional financial flexibility to fund its 2008 capital budget and acquisitions. Pritchard Capital acted as a member of the selling syndicate for this transaction. 


May 1, 2008

Range Resources Corporation (RRC) announced that it has priced an offering of 4.2 million shares of common stock at a price to the public of $66.38 per share for gross proceeds of approximately $278 million.  Range intends to use the net proceeds from the offering to pay down a portion of the outstanding balance of Range’s senior credit facility.  Pritchard Capital acted as co-manager for this transaction.


April 30, 2008

Rex Energy Corporation (REXX) announced the pricing of 8.5 million shares of common stock at a public offering price of $20.75 per share for gross proceeds of approximately $176 million.  These shares include 4.5 million shares to be offered by the Company and 4.0 million shares to be sold by certain selling stockholders.  The Company intends to use its net proceeds from this offering to fund, in part, its capital expenditure program for 2008, including its enhanced oil recovery project in the Lawrence Field in Lawrence County, Illinois and its leasing and drilling activities in the Marcellus Shale, and for other corporate purposes.  Pritchard Capital acted as co-underwriter for this transaction.


February 21, 2008

XTO Energy, Inc. (XTO) announced that it completed a previously announced stock offering, of 23 million shares priced at $55.00 for gross proceeds of approximately $1.3 billion.   The total included 3 million shares sold pursuant to the underwriters’ exercise of their overallotment option.  Pritchard Capital acted as a member of the selling syndicate for this transaction. 



February 15, 2008

GMX Resources Inc. (GMXR) announced the closing of the previously announced offering of 5% convertible senior notes due 2013 which was previously announced as $105 million in aggregate principal amount of notes. In connection with the closing, the initial purchasers of the notes exercised their option to purchase up to an additional $20 million aggregate principal amount of notes, solely to cover over-allotments, bringing the aggregate principal amount to $125 million. The Company intends to use the net proceeds from the offering of the notes to repay all of its existing debt under the Company's revolving bank credit facility and use the balance for general corporate purposes. The notes were offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), by the financial institutions that are the initial purchasers of the notes. Pritchard Capital acted as co-manager for this transaction.



February 14, 2008

Carrizo Oil & Gas Inc. (CRZO) announced that it has priced an offering of 2.25 million shares at $54.50 apiece for gross proceeds of approximately $123 million.  Underwriters have an option to buy another 337,500 shares to cover overallotments.  The oil and gas explorer and producer plans to use proceeds primarily for leasing and drilling, particularly to accelerate activities in the Barnett Shale area in southeast Tarrant County, Texas. Carrizo will use another portion to repay outstanding debt under its revolving credit facility.  Pritchard Capital acted as co-manager for this transaction.



January 30, 2008

Petrohawk Energy Corp. (HK) announced that it increased the size of its planned public offering from 15 million shares to 18 million shares based on market demand.   The shares were priced at $15 per share for total gross proceeds of $270 million.  Proceeds from the offering will be used to pay down debt and to partially fund the company’s 2008 budget and acquisitions.  Pritchard Capital acted as a member of the selling syndicate for this transaction. 



January 9, 2008

Pritchard Capital Partners Kicks Off Energy Conference

SAN FRANCISCO, Ca.--(BUSINESS WIRE)--Pritchard Capital Partners, LLC, launched its 5th Annual Energy Conference - ENERGIZE 2008 - today at the Westin San Francisco Market Street Hotel in San Francisco. The conference is taking place January 9 - 11, 2008 featuring over 90 industry-leading oil, natural gas, oilfield service, and alternative energy companies. It is expected to be attended by over 250 institutional investors.

Thomas Pritchard, Managing Partner and Founder of Pritchard Capital Partners, commented, "We are glad to be hosting the largest group of institutional investors and companies we have had at our yearly conferences. This year, we have added a third track of meetings and presentations solely focused on alternative energy companies. This is a testament not only to the quality of this conference, but the continued importance investors are placing on all facets of the energy sector."

For more information about the Pritchard Capital Partners Energy Conference, please contact Pritchard Capital at 800-871-0608 or 985-809-7000.



December 7, 2007

Penn Virginia Corporation (PVA) announced the pricing of the offering of $200 million aggregate principal amount of convertible senior subordinated notes due 2012 and, in a concurrent offering, an aggregate of 3,000,000 shares of common stock. The offerings were increased from previously announced levels by $50 million aggregate principal amount of Notes and 800,000 shares of common stock. The shares of PVA common stock in the concurrent offering were priced at $41.25 per share. PVA granted the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock to cover overallotments. PVA estimates that the net proceeds from the offering of common stock will be approximately $117.6 million and intends to use the net proceeds of the common stock offering to repay a portion of the outstanding borrowings under PVA’s revolving credit facility and for general corporate purposes. In connection with the common stock offering, Pritchard Capital acted as co-manager.



November 29, 2007

Penn Virginia Corporation (PVA) announced the pricing of the offering of $200 million aggregate principal amount of convertible senior subordinated notes due 2012 and, in a concurrent offering, an aggregate of 3,000,000 shares of common stock. The offerings were increased from previously announced levels by $50 million aggregate principal amount of Notes and 800,000 shares of common stock. The shares of PVA common stock in the concurrent offering were priced at $41.25 per share. PVA granted the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock to cover overallotments. PVA estimates that the net proceeds from the offering of common stock will be approximately $117.6 million and intends to use the net proceeds of the common stock offering to repay a portion of the outstanding borrowings under PVA’s revolving credit facility and for general corporate purposes. In connection with the common stock offering, Pritchard Capital acted as co-manager.



November 29, 2007

Challenger Energy Corp. (CHQ) announced that it closed a private placement by issuing approximately 1.9 million special warrants at a price of $1.80 per Special Warrant for gross proceeds of approximately $3.4 million, each whole Special Warrant being exercisable, for no additional consideration, into one common share in the capital of Challenger Energy. The proceeds of this private placement are being used to further the activities of Challenger Energy in the drilling of the first of three exploration wells; the "Victory" exploration well located 60 miles off the southeast coast of the Republic of Trinidad and Tobago, and for general corporate purposes.  Pritchard Capital acted as introducing broker for this transaction.



November 16, 2007

Gastar Exploration Ltd. announced that its wholly owned subsidiary, Gastar Exploration USA, Inc., has agreed to sell $100 million aggregate principal amount of 12 ¾% senior secured notes due 2012 at an issue price of 99.50% in a private placement to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended, to non-U.S. persons outside of the United States under Regulation S of the Act and to institutional accredited investors within the meaning of Rule 501(a) of the Act. Estimated proceeds from the offering of $92.8MM, net of fees and expenses, will be used to repay existing indebtedness and for general corporate purposes. Pritchard Capital acted as co-manager for this transaction.



November 15, 2007

ATP Oil & Gas Corporation (ATPG) announced that it has priced a public offering of 5,000,000 shares of its common stock at $47.00 per share to the public.  Estimated gross proceeds of $235MM will be used to prepay term loans under ATP’s credit agreement, to fund capital expenditures related to its drilling and development activities, including a potential second MiniDOC at its Telemark Hub and potential new wells at Wenlock, Canyon Express Hub and Green Canyon Block 37, and for general corporate purposes.  The underwriters have been granted by Chairman and President of ATP, T. Paul Bulmahn, a 30-day option to purchase up to an additional 750,000 shares of ATP’s common stock to cover over-allotments, if any.  Pritchard Capital acted as a member of the selling syndicate for this transaction.

 

November 2, 2007

Petro Resources Corporation (PRC) announced that it closed its public offering of 14,000,000 shares of common stock at $2.00 per share generating gross proceeds of $28MM. Net proceeds will be used to repay a portion of outstanding indebtedness, to fund a portion of the remaining 2007 capital budget and 2008 capital budget and for general corporate purposes, which may include acquisitions of oil and natural gas properties or prospects, redemption of preferred stock, and working capital. Pritchard Capital acted as co-manager for this transaction.

 

September 28, 2007

Kerogen Resources, Inc., a privately-held shale gas company, closed a $25.0 million private placement of its common stock with select institutional investors.  Pritchard Capital acted as introducing broker for this transaction. 

 

September 12, 2007

Carrizo Oil & Gas, Inc. announced today that it has received commitments to purchase 1.8 million shares of its common stock (or approximately 6.8% of the fully diluted shares outstanding) from certain qualified investors in a registered direct offering at a price of $41.40 per share. The net proceeds to Carrizo from the offering will be approximately $72.1 million. Pritchard Capital acted as co-placement agent for this transaction. 

 

June 15, 2007

Arena Resources, Inc. announced that it has entered into definitive agreements with selected institutional investors to sell up to 2,050,000 shares of its common stock through a registered direct offering for $49.00 per share. Total gross proceeds for this transaction were approximately $100.5 million. Pritchard Capital acted as co-placement agent for this transaction.  

 

May 15, 2007

Pinnacle Gas Resources announced the pricing of its initial public offering of 3,750,000 shares of its common stock at $9.00 per share. The company's shares of common stock have been approved for listing on the NASDAQ Global Market under the symbol "PINN." Pritchard Capital Partners acted as co-underwriter for this transaction.  

 

May 14, 2007

Contango Oil & Gas Company announced today that it has entered into agreements to sell $30.0 million of its Series E Preferred Stock. The Series E Preferred Stock is perpetual and is convertible at any time into shares of Contango common stock at a price of $38.00 share. The dividend on the Series E Preferred Stock can be paid quarterly in cash at a rate of 6.0% per annum or paid-in-kind at a rate of 7.5% per annum. Pritchard Capital acted as joint lead placement agent for this transaction.

 

April 17, 2007

T-3 Energy Services (TTES) announced that it has priced a public offering of 5,112,500 shares of its common stock at a public offering price of $24.00 per share.   First Reserve Fund VII, L.P. will sell 4,242,883 of the shares to be sold in the offering. T-3 Energy will sell the remaining 869,617 shares to the public. The selling stockholder has granted the underwriters a 30-day option to purchase up to 636,433 additional shares of TTES stock and T-3 Energy has granted the underwriters a 30-day option to purchase up to 130,442 additional shares to cover over-allotments. Total transaction value assuming over-allotment is $158.8 million. Pritchard Capital acted as joint lead manager for this transaction.

 

March 20, 2007

Cheniere Energy, Inc. announced today the pricing of the initial public offering of 13,500,000 common units representing limited partner interests in Cheniere Energy Partners, L.P. at $21 per common unit. The offering was priced at the top of the range and raised gross proceeds of $283.5 million. Pritchard Capital Partners acted as co-manager for this offering.

February 19, 2007

NASDAQ Hosts its 1st Oil and Gas Investor Conference in London in Association with Pritchard Capital Partners LLC

London, February 19th 2007 – The Nasdaq Stock Market, Inc. (NASDAQ®; NASDAQ:NDAQ) will host its first Oil and Gas Investor Conference in association with Pritchard Capital Partners in London on March 6th, 2007. Presentations will be made by the senior management of 10 companies. These presentations will be webcast live at http://investors.nasdaq.com.

Oil and gas companies participating are:
Atlas America Inc (ATLS), ATP Oil & Gas Corp (ATPG), Exploration Co. of Delaware Inc. (TXCO), Gulfport Energy (GPOR), GMXR Resources Inc (GMXR), Hercules Offshore Inc (HERO), Methanex Corporation (MEOH), Petroleum Development Corporation (PETD), Rosetta Resources Inc (ROSE), T-3 Energy Services Inc (TTES).

Details of how to access the web casts live on these dates or afterwards in archived form can be found at the NASDAQ Institutional Investor Center at http://investors.nasdaq.com/.  

“Nasdaq is delighted to be providing European institutional investors with the opportunity to interact with some of the most dynamic global companies in the Oil and Gas industry,” said Bruce Aust, Executive Vice President of The Nasdaq Stock Market.  “Nasdaq has seen an increasing number of Oil and Gas listings in the last few years. This is an important and transforming sector and we are committed to ensuring that these companies continue to receive the exposure that they deserve.”

Thomas Pritchard, Managing Director and Founder of Pritchard Capital said, “We are very excited to be hosting this event with Nasdaq.  This is a perfect way for investors and issuers alike to convene to share their views on all facets of the oil and natural gas business, as well as their outlook for the coming year. The London venue underscores our commitment to expanding our services to the UK and European Capital Markets.”

ABOUT NASDAQ:
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/ .

ABOUT PRITCHARD CAPITAL PARTNERS:
Pritchard Capital Partners is an energy-boutique investment banking firm headquartered in the New Orleans area with offices in Houston, New York, Washington and Atlanta. The firm focuses on institutional sales and trading, research and corporate finance activities relating to all aspects of the energy business.

 

February 1, 2007

Pritchard Capital Partners Expands Energy Research Team

MANDEVILLE--(BUSINESS WIRE )--Pritchard Capital Partners, LLC, is pleased to announce the addition of Jeffrey Hayden and Stephen Berman to its energy equity research team as senior research analysts primarily focusing on independent oil and gas exploration & production companies. Mr. Hayden brings more than eight years of energy-focused research and investing experience with both buy and sell-side Wall Street institutions. Mr. Berman has worked for over twenty years on both the buy and sell-sides as a research analyst in equities and fixed income.

Mr. Hayden was most recently Managing Director and Co-Portfolio Manager of Fischer-Seitz Capital Partners, LLC, an oil and gas E&P focused investment firm. Prior to that Mr. Hayden was Director of E&P Research for Pickering Energy Partners, Inc. He has also held associate positions with JPMorgan Fleming Asset Management, Inc. and Banc of America Securities, LLC. Mr. Hayden graduated with honors from the University of Notre Dame with a B.B.A. in Finance and Business Economics. He is also a holder of the Chartered Financial Analyst (CFA) designation.

Prior to joining Pritchard Capital Partners, LLC, Mr. Berman was a partner at Promethean Investment Group where he performed analytical work on energy companies for investment in both public and private portfolios. He graduated from Franklin & Marshall College with a bachelor's degree in accounting, and then attended the Rutgers Graduate School of Management where he received an MBA in Finance. He is also a holder of the Chartered Financial Analyst (CFA) designation.

Thomas W. Pritchard, Managing Director and Founder of Pritchard Capital, said, “We couldn't be more pleased to add these two outstanding equity analysts to the Pritchard Capital research team. Jeff and Steve each are acknowledged experts in their fields, and will provide investors timely, meaningful and insightful analysis relating to the oil & gas industry. We believe their joining Pritchard Capital illustrates the firm's continued commitment to providing investors timely and actionable research pertaining to this very important sector.”

Pritchard Capital Partners is an energy-boutique investment banking firm headquartered in the New Orleans area with offices in Houston, New York, Washington, and Atlanta. The firm focuses on institutional sales and trading, research, and corporate finance activities relating to all aspects of the energy business.

 

Allis-Chalmers Energy, Inc. announced that it has closed its previously announced underwritten public offering of 6,000,000 shares of its common stock at a public offering price of $17.65 per share. Net proceeds to Allis-Chalmers were approximately $100.1 million. Pritchard Capital Partners acted as co-manager for this offering.

 

Pritchard Capital Partners Announces Energy Conference

MANDEVILLE, La.--(BUSINESS WIRE)--Pritchard Capital Partners, LLC, announced today that its 4th Annual Energy Conference - ENERGIZE 2007: New Year, New Realities - will be held January 8 – 11, 2007, at the Omni San Francisco Hotel in San Francisco, California. Over 80 industry-leading oil, natural gas, oilfield service, and energy technology companies will be featured at the conference, which is expected to be attended by over 200 energy-savvy institutional investors.

Thomas Pritchard, Managing Partner and Founder of Pritchard Capital Partners, commented, “We are pleased to be able to kick-off 2007 by hosting the first energy-focused equity conference of the year. This is a perfect way for investors and issuers alike to convene to share their views on all facets of the oil & natural gas business as well as their outlook for the coming year. The record number of presenting companies and investors expected to attend this year is testament to the quality of the conference and importance of the energy sector.”

For more information about the Pritchard Capital Partners Energy Conference, please contact Pritchard Capital at 800-871-0608 or 985-809-7000.

Pritchard Capital Partners is an energy-boutique investment banking firm headquartered in the New Orleans area with offices in Houston, New York, Washington, and Atlanta. The firm focuses on institutional sales and trading, research, and corporate finance activities relating to all aspects of the energy business.

 

T-3 Energy Services announced that First Reserve Fund VIII, L.P. sold 4,500,000 shares of common stock of T-3 in a block trade for a total transaction value of $94 million. Pritchard Capital Partners acted as the sole broker for this transaction.

 

Gastar Exploration, Ltd. announced that it closed its previously announced private placement of 25,000,000 of its common shares at $2.00 per share for gross proceeds of $50 million. Pritchard Capital Partners acted as lead placement agent for this offering.

 

Energy Corporate Finance Veteran Stephen Landry Joins Pritchard Capital Partners

MANDEVILLE, La.--(BUSINESS WIRE)--Pritchard Capital Partners, LLC, announced today that Stephen A. Landry has joined the firm and been named Managing Director and head of Corporate Finance. Mr. Landry has over 23 years experience as a commercial banker, investment banker, and attorney to the oil and gas industry.

He most recently was Senior Vice President and Chief Financial Officer of W&T Offshore, Inc., and prior to that was Senior Vice President of Energy Corporate Finance for Jefferies & Company, Inc. Mr. Landry also has practiced law in New Orleans and worked for the energy lending groups of commercial banks in New Orleans and Houston.

Thomas Pritchard, Managing Partner and Founder of Pritchard Capital Partners commented, "We are very excited to have Steve join our firm. I have known and worked with Steve for over eight years and welcome his financial expertise and transaction experience, as well as his seasoned skill at relationship building. Our firm has grown quickly since its inception in 2000 and we believe that Steve will be a great asset to us as we build our investment banking practice."

Mr. Landry earned a B.S. in Finance from Louisiana State University and a J.D. from Loyola School of Law, where he was a member of the Loyola Law Review. He is a member of the Independent Petroleum Association of America (IPAA), the Houston Producers' Forum, and the Professional Landmen's Association of New Orleans (PLANO). Mr. Landry resides in Covington, Louisiana, with his wife, Begona, and their three children.

Pritchard Capital Partners is an energy-boutique investment banking firm headquartered in the New Orleans area with offices in Houston, New York, Washington, and Atlanta. The firm focuses on institutional sales and trading, research, and corporate finance activities relating to all aspects of the energy business.

 

Far East Energy Corporation announced that it has consummated offerings of 18,862,221 shares of its common stock for total gross proceeds of $16.98 million. Pritchard Capital Partners acted as introducing broker for this offering.

 

Carrizo Oil & Gas, Inc. reported that it has received commitments to purchase 1.35 million shares of the Company’s common stock from institutional investors at a price of $26.00 per share in a private placement for gross proceeds of approximately $35 million. Pritchard Capital Partners acted as co-placement agent for this offering.

 

Chesapeake Energy Corporation announced that it has priced its public offering of 25 million shares of its common stock at $29.05. The offering includes an over-allotment option to purchase a maximum of 3.75 million additional shares of its common stock resulting in total gross proceeds of $835 million. Chesapeake Energy Corporation also announced that it has priced its previously announced public offering of $500 million aggregate principal amount of senior notes due 2013, which carries an interest rate of 7.625%. Pritchard Capital Partners is acting as co-manager for both of these offerings.

 

Superior Energy Services, Inc. announced that SESI, L.L.C., its wholly owned subsidiary has priced an offering of $300 million of Senior Notes due 2014. Pritchard Capital Partners is acting as co-placement agent for this offering.

 

Gulfport Energy Corporation announced the pricing of an underwritten public offering of 6,050,000 shares of common stock at a price of $14.00 per share. The offering included an over-allotment option of 790,000 shares for a total transaction value of approximately $96 million. Pritchard Capital Partners acted as co-manager for this offering.

 

Hercules Offshore, Inc. announced that is has completed its public offering of a total of 9,200,000 shares of its common stock, including 1,200,000 shares sold upon exercise of the underwriters’ over-allotment option, at a public offering price of $36.00 per share. Total transaction value for the offering was approximately $331 million. Pritchard Capital Partners acted as co-manager for this offering.

 

Rentech, Inc. announced that is has closed its concurrent public offerings of 16 million shares of common stock priced at $3.40 per share and $50 million aggregate principal amount of its 4.0% convertible senior notes due 2013. The underwriters exercised in full their over-allotment options by purchasing an additional 2.4 million shares of common stock resulting in gross proceeds of $62.6 million for the common stock offering. Pritchard Capital Partners acted as co-manager of the common stock offering.

 

Challenger Energy Corp. announced that is has completed the second and final closing of its private placement of 2,692,524 units at a price of Cdn.$2.25 per unit for gross proceeds of approximately Cdn.$6.1 million. Pritchard Capital Partners acted as lead placement agent for this offering.

 

Challenger Energy Corp. announced that it has closed the first tranche of its private placement, issuing 5,951,920 units at a price of Cdn.$2.25 per unit for gross proceeds of approximately Cdn.$13.4 million. Pritchard Capital Partners acted as lead placement agent for this offering.

 

Wavefront Energy and Environmental Services Inc. announced that it has completed its sale of 7,038,008 common shares at a price of $1.35 per share for gross proceeds of $9,501,311. The shares were sold by way of a brokered and concurrent non-brokered private placement. Pritchard Capital Partners acted as agent for the brokered portion of this offering.