New Stream Capital Acquires Working Interest in Oil and Gas Leases in the Gulf Coast
New Stream Capital announced today that it has provided financing of $28.1 million to EBR Management LLC, an energy production company located in Sugar Land, Texas. The transaction is backed by oil and gas leases including 91 producing wells, 60 drilling locations covering numerous fields in Southern Texas and Louisiana, estimated net reserves of 21.6 billion cubic feet of natural gas, and net production of approximately 130 barrels of oil and 5 million cubic feet of natural gas per day.
Formed in 2002, New Stream Capital is a private investment firm managing more than $1 billion in assets for institutions in the US, Europe and Asia. The firm focuses primarily on fully secured, collateralized loans to small and middle-market companies. These direct investments offer customized structured finance solutions for growth capital, working capital, acquisition, project finance, and other specialty finance opportunities. New Stream Capital employs 65 people across its offices in Connecticut, New York, Dallas, and Geneva, Switzerland. More information is available at www.newstreamcapital.com
