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Bracewell Represented Saxet Petroleum in Formation, Capitalization of Saxet II Minerals

March 1, 2017

HOUSTON Bracewell LLP represented Saxet Petroleum, Inc. (SPI) and its management team in connection with the formation and capitalization of Saxet II Minerals, LLC (Saxet II), a Houston-based company focused on the acquisition of mineral and royalty interests in the United States. Saxet II received an equity commitment of approximately $100 million from investment partnerships managed by Post Oak Energy Capital, LP.  The management team will co-invest alongside Post Oak.

The transaction closed on February 7, 2017.

Bracewell attorneys involved in this transaction include:

Lytch T. Gutmann, Lance W. Behnke and Andrew W. Monk