Wells Fargo served as administrative agent for a $250 million revolving credit facility for Eagle Ridge Energy II.
The facility has an initial borrowing base of $95 million and will be used to finance Eagle Ridge’s oil and gas exploration and production activities. Wells Fargo was represented by Simpson Thacher.
EagleRidge Energy is an independent oil and 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.