David Le Norman, President and Chief Executive Officer, has a long successful track record of acquisition, development, and divestiture of oil and gas properties. Le Norman and his management team have created substantial value for their stakeholders by monetizing approximately $2.2 billion of oil and gas assets since 2002.
Closed comprehensive restructuring that resulted in extinguishment of $1.45 billion in second lien debt, a new equity investment of $365 million, and an amended RBL credit facility with a $600 million borrowing base.
Reached agreement to acquire Granite Wash assets from Newfield Exploration for $588 million.
Announced with its joint venture partner Le Norman Fund I the acquisition of Texas Panhandle assets from Forest Oil (now known as Sabine Oil & Gas) for $1 billion.
Sold TLP Energy LLC assets to NFR Energy (now known as Sabine Oil and Gas). Formed Templar Energy LLC with repeat equity backing from First Reserve Corp. and Trilantic Capital Partners.
Operated under Le Norman Properties, LLC, until forming TLP Energy LLC, with equity backing from Trilantic Capital Partners and First Reserve Corp.
Formed White River Energy LLC with equity investment from Carlson Capital. Sold assets to Chesapeake Energy .
Crusader Energy Group Inc. sold to Jones Energy.
Formed Knight Energy Group II, LLC with equity from legacy investors in the Knight Energy Group entities. Signed merger agreement with Westside Energy Corp. and closed the reverse merger transaction in 2008, under the name Crusader Energy Group Inc.
Consolidated Crusader Energy II LLC, Crusader Energy III LLC, and Hawk Energy Fund I, LLC into Knight Energy Group.
Formed Crusader Energy II LLC and Crusader Energy III LLC, again with equity partner Kayne Anderson. Also formed Hawk Energy Fund I, LLC.
Formed Crusader Energy Corp. with equity partner Kayne Anderson. Sold assets to Encore Acquisition Co. in 2005.
Le Norman served as Senior Vice President of Acquisitions and Divestitures at Patina Oil and Gas, where he made a series of successful acquisitions and contributed to a $2.7 billion increase in market cap before leaving in 2004.
Founded Le Norman Energy and Le Norman Partners. Participated in over 1,080 gross wells with a success rate over 90%. Sold assets to Patina Oil and Gas.