Category Archives: Press Releases

PLS Denver Dealmakers Expo

Five States is planning to attend the PLS Denver Dealmakers Expo in Denver, CO beginning Tuesday, April 07, 2015.  Please email Thomas Edwards (tedwards@fivestates.com) if you would like to set up a meeting during the event, or simply stop by our booth (#not assigned).  More information on the event can be found at the following link:

http://www.plsx.com/dealmakers/show/april/denver/2015

East Texas Geological Society Tech and Prospect Expo

Five States is planning to attend the East Texas Geological Society Tech and Prospect Expo in Tyler, TX beginning Tuesday, March 31, 2015.  Please email Thomas Edwards (tedwards@fivestates.com) if you would like to set up a meeting during the event, or simply stop by our booth (#not assigned).  More information on the event can be found at the following link:

http://www.easttexasgeo.com/

PLS Midland Dealmakers Expo

Five States is planning to attend the PLS Midland Dealmakers Expo in Midland, TX beginning Wednesday, March 25, 2015.  Please email Thomas Edwards (tedwards@fivestates.com) if you would like to set up a meeting during the event, or simply stop by our booth (#not assigned).  More information on the event can be found at the following link:

http://www.plsx.com/dealmakers/show/march/midland/2015

Dallas Dealmakers Expo

Five States is planning to attend the PLS Dallas Dealmakers Expo in Dallas, TX beginning Tuesday, January 27, 2015.  Please email Thomas Edwards (tedwards@fivestates.com) if you would like to set up a meeting during the event, or simply stop by our booth (#405).  More information on the event can be found at the following link:

http://www.plsx.com/dealmakers/show/january/dallas/2015

Member(s) of the Five States team scheduled to be in attendance: Jeff Davis

Mezzanine Deal to Drive More Drilling, More Oil and Gas Production

Five States Partners with Diversified Resources, Inc.; First Foray into Appalachian Basin in Five States’ History

DALLAS, TX (July 17, 2013) – Five States Energy Capital, LLC, a private-equity investment group, today announced two oil and gas transactions. The first deal, a $15.8 million mezzanine loan to Diversified Resources, Inc., will provide growth capital for the privately held oil and natural gas company. In the second deal, the two companies will acquire shallow, conventional assets for future development from Trans Energy, Inc. (OTCBB: TENG) for an undisclosed amount.

Five States’ financial commitment to Diversified Resources will allow the exploration-stage company to reduce its debt while continuing to build its presence and develop shallow, conventional producing assets in the Appalachian Basin. The two companies have also partnered to acquire approximately 250 wells in West Virginia from Trans Energy, Inc. (OTCBB: TENG), representing Five States’ first expansion into the basin in the company’s history.

“Conventional wells continue to play a key role in our country’s energy mix. While chasing the next homerun might be appealing, there are a lot of singles out there,” said Five States Energy President and CEO, Arthur Budge, Jr. “This partnership allows us to diversify our investors’ assets with a de-risked deal while giving Diversified Resources more liquidity to make additional acquisitions.”

With a long history of oil and gas exploration and production, the Appalachian Basin continues to offer long-life reserves and low drilling risk, making mezzanine financing an attractive option for Five States, its investors and Diversified Resources.

“Our partnership with Five States closely aligns with our long-term growth strategy. We’ll continue to acquire additional assets and increase production through operational improvements and drilling,” said Rusty Hutson, President and Co-owner of Diversified.

As Five States launches its 29th fund, the firm will continue to acquire conventional producing properties.

About Five States

Founded in 1985, Five States is a private equity investment group based in Dallas, Texas. With roots in the acquisition and financing of conventional oil and gas resources throughout the U.S., the company focuses on long-term, income-generating opportunities for its investors. Established in 2007, Five States Energy Capital, LLC provides customized capital solutions to independent producers located throughout Texas, New Mexico, the Mid-Continent and the Rockies. Combined with its affiliate, Five States Energy Company, LLC, Five States manages more than $250 million in oil and gas investments.

About Diversified Resources, Inc.

Founded in 2001, Diversified Resources, Inc. is a privately held oil and natural gas company based in Birmingham, Ala. With a focus on developing and operating conventional oil and natural gas assets in the Appalachian Basin, the company operates approximately 900 wells in Ohio and West Virginia with gross production of 5,000 Mcf/da and 100 barrels per day.

 

Energy Partnerships and Investments Continue to Push Pecos River Pipeline

Five States Energy Capital Joins West Texas Development Project; Partners with Advantage Pipeline

DALLAS, TX (March 7, 2013) – Five States Energy Capital, LLC, a private-equity investment group, today announced plans to invest $17.5 million, joining Advantage Pipeline, LLC in the development of its Pecos River Pipeline.

Originating in the Delaware Basin near Pecos, Texas and terminating in Crane, Texas where it will connect to Magellan’s Longhorn Pipeline, the 16-inch diameter pipeline will transport up to 150,000 barrels of crude oil per day to terminals and refineries in Gulf Coast markets.

“With drilling risks at an all-time low, demand continuing to increase and more than $250 billion to be spent on midstream infrastructure development in the next 25 years, now is the time to invest in energy,” said Five States Energy President and CEO, Arthur Budge, Jr. “Our partnership with Advantage Pipeline not only fits our core, long-term investment strategy, but also supports our nation’s trek toward energy independence.”

The pipeline is scheduled to be operational by the end of May, completing the first phase of the project. The second phase is expected to be operational by summer 2013.

“We have a history of bringing together the right partners and investors to provide a more efficient and safer way to transport crude to market,” said Mike Shelton, President, Advantage Pipeline. “This endeavor could benefit all parties involved from investors and producers to operators and logistics customers as well as our economy.”

About Five States

Founded in 1985, Five States is a private equity investment group based in Dallas, Texas. With roots in the acquisition and financing of conventional oil and gas resources throughout the U.S., the company focuses on long-term, income-generating opportunities for its investors. Established in 2007, Five States Energy Capital, LLC provides customized capital solutions to independent producers located throughout the lower 48 states. Combined with its affiliate, Five States Energy Company, LLC, Five States manages more than $250 million in oil and gas investments.

 About Advantage Pipeline, LLC