Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering

About

Pacific Coast Oil Trust (the “Trust”) (NYSE: ROYT) recently completed a follow-on offering of 13,500,000 common units at a price of $17.10 per unit, generating gross proceeds of approximately $230.9 million. All of the units sold were sold by Pacific Coast Energy Company LP (“PCEC”), affiliates of Metalmark Capital, Greenhill Capital Partners and Wells Fargo Securities, and management. The Trust did not sell any units in connection with the offering and will not receive any proceeds from the offering.

The Trust was formed in January 2012 by PCEC to own net profits and an overriding royalty interest in certain oil and gas properties held by PCEC and located in California in the Santa Maria Basin and Los Angeles Basin.

PCEC engages in the production and development of oil and natural gas from the Orcutt properties located in California in the Santa Maria Basin and the East Coyote, Sawtelle and West Pico properties located in the Los Angeles Basin.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Jeff Seaman (312) 609-4687
Jim Penilla (314) 445-6536
Energy
Follow-On Offering
Date
September 2013
Company
Pacific Coast Oil Trust
Transaction
M&A
Sectors
Energy
Target Location
North America

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