Kraig Grahmann is an associate in the Energy Practice Group in the Houston office of Haynes and Boone. His practice is focused on the representation of financial institutions and borrowers in reserved-based financing transactions. He also has significant experience in the acquisition/divestiture of oil and gas properties, merger and acquisition transactions, and negotiating and entering into ISDA master agreements and schedules.
Recent Publications
Betting on Prohibition: The Federal Government's Approach to Internet Gambling, Northwestern University Journal of Technology & Intellectual Property, V. 7, No. 2, 2009.
Garcetti v. Ceballos' Respect for Authority: Translating Enduring Principles into Modern Law, Ohio Northern University Law Review, V. 36, No. 1, 2010.
Selected Representative Experience
Restructuring of Debt and Equity Structure for Offshore Oil and Gas Exploration Company
Represented Pisces Energy LLC and its parent company, Pisces Energy Holding, LLC in the partial prepayment and amendment and restatement of its second lien loan agreement, and the exchange by one of its investors of all of its second lien debt in Pisces Energy LLC in exchange for preferred equity in the parent company.
$450 Million Syndicated Credit Facility for GeoResources, Inc.
Represented lead arranger and administrative agent in connection with $450 million syndicated revolving credit facility for GeoResources, Inc., an independent oil and gas company engaged in the acquisition and development of oil and gas reserves. The credit facility is secured by interests in oil and gas properties located in Texas, Louisiana and in the Williston Basin.
$150 Million Development Loan - Marcellus Shale
Represented Wells Fargo Energy Capital, Inc. in a secured $150 million development financing involving shale oil and gas assets in Pennsylvania. Facility was secured by the oil and gas properties and the lenders additionally received a net profits interest from the production.
$1.5 Billion Syndicated Credit Facility for Publicly Traded E&P Company
Represented lead arranger and administrative agent in connection with a $1.5 billion syndicated credit facility for QEP Resources, Inc., a NYSE-listed leading independent natural gas and oil exploration and production company with operations focused in the Rocky Mountain and Midcontinent regions of the United States, and natural gas gathering, processing and storing assets.
Sale of Oil and Gas Properties
Represented Texas American Resources Holdings in the sale of its Denver-Julesburg Basin assets in Colorado and Wyoming for approximately $150 million.
Purchase of Coal Leases - Ohio
Examined real property and mineral instruments in connection with a purchase of coal leases in Jefferson County, Ohio; drafted title reports for purchaser's lease control personnel.