On November 26, 2014, an affiliate of The Energy & Minerals Group, LP (“EMG”) closed on its $460 million equity commitment to American Energy Minerals Holdings, LLC (“AEMN”), an affiliate of American Energy Partners, LP, representing a 92% interest in AEMN. AEMN was formed to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (“ORRIs”) across targeted high-return onshore basins in the United States. An aggregate of $350 million was funded at the initial closing, which will be used to acquire 28,000 net mineral acres and 29,000 acres of ORRIs across the Utica, Marcellus, Woodford and Permian Basin plays as well as to provide AEMN with initial working capital.
Baker Botts Lawyers/Office Involved:
Corporate: Mollie Duckworth (Partner, Austin); John Kaercher (Associate, Austin)
Tax: Steve Marcus (Partner, Dallas); Tara Lancaster (Associate, Dallas)
Global Projects: Hugh Tucker (Partner, Houston); Coleson Bruce (Associate, Houston); Bryan Cory (Associate, Houston); John Craven (Associate, Houston)
