July 28, 2016 6:02 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Energy & Exploration Partners, LLC

Company Overview

Energy & Exploration Partners, LLC engages in the exploration and development of unconventional onshore oil and gas assets throughout North America. It owns oil and gas regions in Texas and Colorado. The company was incorporated in 2006 and is based in Fort Worth, Texas. Energy & Exploration Partners, LLC operates as a subsidiary of Energy & Exploration Partners, Inc.

420 Throckmorton Street

Suite 1200

Fort Worth, TX 76102

United States

Founded in 2006

Phone:

817-789-6712

Key Executives for Energy & Exploration Partners, LLC

Founding Partner and Managing Member
Age: 46
Chief Financial Officer
Age: 46
Vice President and General Counsel
Age: 47
Senior Vice President of Geophysics and Geological Engineering
Vice President of Land & Business Development
Age: 46
Compensation as of Fiscal Year 2016.

Energy & Exploration Partners, LLC Key Developments

Energy & Exploration Partners, LLC Presents at Louisiana Energy Conference 2016, Jun-01-2016 through Jun-03-2016

Energy & Exploration Partners, LLC Presents at Louisiana Energy Conference 2016, Jun-01-2016 through Jun-03-2016. Venue: Westin Canal Place Hotel, New Orleans, Louisiana, United States. Presentation Date & Speakers: Jun-02-2016, Peter Hill, Interim Chief Executive Officer.

Second Amended Reorganization Plan Approved for Energy & Exploration Partners, Inc.

The US Bankruptcy Court approved the second amended plan of reorganization of Energy & Exploration Partners, Inc. on April 26, 2016. The debtor has filed its second amended plan in the Court on April 21, 2016. As per the plan administrative expense claims including administrative tax claims, statutory fees, professional fee including $2.1 million for Akin, Gump, Strauss, Hauer & Feld LLP and Centerview Partners, Inc. and up to $0.20 million for creditor committee, will be paid full in cash. Priority tax claims shall be allowed between $0.30 million to $0.80 million. Other priority claims shall be allowed between $0.10 million and $0.50 million. Other secured claims shall be allowed between $2.50 million and $7.50 million. Prepetition secured claimholders shall receive its pro-rata share of new term loan, 20% of new common stock and option to participate in the rights offering. Convertible Notes claimholders shall receive its pro-rata share of warrants exercisable into 0.7% of new common stock. General unsecured claim in the range of $47 million and $50 million, exclusive of deficiency claims, will receive its pro-rata share of class A interests in the creditor trust and deficiency claim of $718 million shall receive its pro-rata share of Class B interest. GUC cash will be in the amount of $2.25 million. Convenience claims shall be allowed between $0.02 million to $0.15 million. Preferred stock and interests shall be extinguished without any distribution under the plan. Plan will be funded through issuance of common stock, warrants and available cash in hand, an exit facility of $90 million, $65 million of which will be funded upon the effective date. Exit Facility holders will be issued 80% of the new common interests under the right offering. New term loan will be in the amount of $40 million.

Second Amended Reorganization Plan Filed by Energy & Exploration Partners, Inc.

Energy & Exploration Partners, Inc., along with its affiliates, filed second amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 21, 2016. There are no changes in the treatment of claims. Debtor filed third amended plan of reorganization with technical modifications on April 25, 2016. There are no changes in the treatment of the claims.

Similar Private Companies By Industry

Company Name Region
102 Oil Wells in East Texas Field United States
11 Good Energy, Inc. United States
1280 Horizons, LLC United States
15 Fields in Williston Basin United States
153 Woodbine Wells in The East Texas Oil Field in Rusk County United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Energy & Exploration Partners, LLC, please visit www.enexp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.