• Houston-based EV Energy Partners LP has filed for an IPO on Nasdaq of 3.9 million units for proceeds of about $94 million. The proposed trading symbol is EVEP. Management expects a minimum offering price of $20 per unit. A.G. Edwards & Sons Inc. and Raymond James & Associates Inc. are lead underwriters. Proceeds will be used to pay an aggregate of $60.2 million to EnerVest Management Partners Ltd., CGas and the EnCap Investments LP partnerships for the interests in EV's predecessors that will be contributed to it; pay about $10.3 million of debt incurred by a predecessor to help finance the purchase of North Louisiana properties in 2000 and March 2005; and to reimburse EnerVest for $2 million of expenses. EnerVest has formed EV to acquire, produce and develop properties in Appalachia, primarily in Ohio and West Virginia, and in the Monroe Field in North Louisiana. At year-end 2005, EV had estimated net proved reserves of 44.8 billion cu. ft. of gas and 1.1 million bbl. of oil. These properties have a reserve-to-production index of 18.8 years. • Calgary-based Provident Energy Trust (Toronto: PVE.UN; NYSE: PVX) reports that its U.S. subsidiary, Los Angeles-based BreitBurn Energy Partners LP, has filed for an IPO on the New York Stock Exchange of 6 million units for proceeds of about $144.9 million. The price range for the units has not been determined yet. The proposed trading symbol is BBE. Proceeds will be used to pay debt and to make a distribution of $71.6 million to Provident and BreitBurn Corp. Citigroup Global Markets Inc. and RBC Capital Markets Corp. are lead underwriters. Upon completion, Provident will own 96% of the general partner and more than 65% of the limited partnership units. BreitBurn will transfer half of its proved reserves and two-thirds of its daily production to the partnership, and the company will keep its remaining properties, primarily in the West Pico and Orcutt fields, in its existing 96%-owned subsidiary. As of year-end 2005, BreitBurn's total proved reserves were 29.7 million BOE (98% oil, 91% proved developed), of which 16.8 million bbl., or 57%, are in California and 12.9 million, or 43%, are in Wyoming. • Coalbed-methane-focused Constellation Energy Resources LLC, Baltimore, has filed for an IPO on the New York Stock Exchange of 6 million units for proceeds of $146 million. The proposed symbol is CEP. Citigroup Global Markets Inc. and Lehman Brothers Inc. are underwriters. Constellation expects to receive net proceeds of approximately $109.6 million, assuming an IPO price of $20 per unit. Proceeds will be used to reduce debt and for general corporate purposes. Constellation was formed in February 2005. The company's estimated proved reserves are 100% gas and are in the Robinson's Bend Field in Alabama's Black Warrior Basin. • Toronto-based Petrobank Energy and Resources Ltd. (Toronto: PBG) has filed for an IPO of up to 20 million shares at C$3.75 each of its Colombia-based Petrominerales Ltd. subsidiary for proceeds of C$75 million. Haywood Securities Inc. is the underwriter. Proceeds will be used for drilling, to pay debt and for general capital. • Helix Energy Solutions Group Inc., Houston, (Nasdaq: HELX) reports that its subsidiary, Cal Dive International Inc., has filed for an IPO of $350 million on the New York Stock Exchange. The number of shares to be offered and the price range have not been determined yet. Proceeds will be used for general corporate purposes and to issue dividends to Helix. Banc of America Securities LLC and JP Morgan Securities Inc. are lead underwriters. Johnson Rice & Co. LLC, Natexis Bleichroeder Inc., Raymond James & Associates Inc. and Simmons & Co. International are also underwriters. Cal Dive is a marine contractor that provides manned diving, pipelay and pipe burial services to the offshore oil and gas industry. Meanwhile, Remington Oil and Gas Corp., Dallas, (NYSE: REM) was to hold a special shareholders meeting on June 29 to approve a merger with Helix, which was offering $27 in cash and 0.436 Helix share per Remington share. • Oklahoma City-based Quest Resource Corp. (Nasdaq: QRCP) is considering an IPO of its 1,200-plus-mile pipeline subsidiary, Bluestem Pipeline LLC, as Quest Resource Partners LP. The IPO could yield gross proceeds of about $100 million. Quest produces gas in the Cherokee Basin in southeast Kansas and northeast Oklahoma. • Sheridan, Wyo.-based Pinnacle Gas Resources Inc. has filed for a 144A placement of 25.1 million shares for expected proceeds of about $276.1 million. Management expects a minimum share price of $11 each. Friedman, Billings, Ramsey & Co. Inc. is agent for the offering. Pinnacle will not receive any of the proceeds, which will be paid to the selling stockholders, including U.S. Energy Corp., Riverton, Wyo., (Nasdaq: USEG) and Crested Corp., Riverton, Wyo., (OTCBB: CBAG) which have a combined 9.8% of Pinnacle shares. Pinnacle acquires, explores and develops domestic onshore gas reserves and is currently focused on coalbed-methane properties in the Rockies. The company owns leasehold interests in approximately 418,000 gross acres in the Powder River Basin in northeastern Wyoming and southern Montana, 96% of which are undeveloped, and has estimated net proved reserves of 27 billion cu. ft. of gas with production of 6 million cu. ft. per day. • Ensource Energy Income Fund LP, Houston, plans to exchange one Ensource unit for each depositary unit of Eastern American Natural Gas Trust (NGT), Austin, Texas, (NYSE: NGT) and to pay a pro rata share of a cash distribution of $5.9 million. Ensource plans to purchase up to 2.95 million NGT units for $31 per unit in cash. Eastern American Natural Gas Trust holds the interests of Eastern American Energy Corp. in 650 producing gas wells and 65 proved development well locations in West Virginia and Pennsylvania that produced 467 million cu. ft. of gas between December and March. Ensource has entered an agreement with affiliates of the investment firm Third Point LLC to participate in the cash portion of the tender offer. This will allow current NGT unit-holders to sell their units at a 14.3% premium or join Lehman Brothers, Ospraie Management and Ensource in creating a master limited partnership, which currently has $40 million in capital. • EnCap Investments LP has closed EnCap Energy Capital Fund VI totaling $1.5 billion. This is the firm's 12th institutional fund and sixth private-equity fund since its formation in 1988. "To my knowledge, this is the largest single E&P-dedicated private-equity fund ever raised in the industry," says managing partner D. Martin (Marty) Phillips. • Mark A. Doering has joined Natural Gas Partners, Irving, Texas, as a venture partner. Previously, Doering and NGP worked together to form Classic Resources Inc. in 1998 to focus on E&P in the Ark-La-Tex region. Doering sold Classic in January 2001. Since then, he has launched, built and sold two subsequent Ark-La-Tex companies, Classic Petroleum Inc. and Classic Petroleum Resources Inc. • Closed-end equity investment company Petroleum & Resources Corp., Baltimore, (NYSE: PEO) has named Frederic A. Escherich to the board and Robert E. Sullivan vice president of research. Escherich is a private investor and the former head of J.P. Morgan's M&A research. Sullivan was a research analyst for Petroleum & Resources and previously a senior equity analyst with UBS/Paine Webber. • E&P analyst Irene Haas has joined Canada-based investment-banking firm Cannacord Adams to open its new Houston office, after being at Sanders Morris Harris for eight years. • Kevin Wood has joined the buyside as an E&P and service analyst for J. Goldman & Co., a New York-based hedge fund that manages about $700 million. Previously, he was an oil-service analyst with Susquehanna Financial Group in Pennsylvania. • Tom Gardner has joined Simmons & Co. International as the new head of E&P research. He was with Ryder Scott, Arco Alaska and ExxonMobil. • Goldman Sachs Principal Strategies Group, a unit of Goldman Sachs & Co., New York, has acquired a minority stake in privately held Leor Exploration & Production LLC, parent of Leor Energy LP, for $45 million in a private-equity placement. Houston-based Leor plans to use the proceeds to accelerate development of the Amoruso Field in East Texas. Leor, which owns a 70% working interest in the approximately 45,000-acre field, is jointly developing the field with EnCana Oil & Gas (USA) Inc., a subsidiary of EnCana Corp., Calgary, (NYSE: ECA) the operator. Leor expects to have six rigs running and 16 wells producing in the basin by year-end. • Houston-based Eagle Rock Energy Partners LP has filed for an IPO on the New York Stock Exchange of 12.5 million units for proceeds of about $301 million. The proposed symbol is ERE. Goldman, Sachs & Co., Lehman Brothers Inc. and UBS Investment Bank are lead underwriters. A.G. Edwards & Sons Inc., Credit Suisse Securities, Raymond James & Associates Inc., RBC Capital Markets Corp. and Wachovia Capital Markets LLC are also underwriters. Eagle Rock expects to receive net proceeds of approximately $230.8 million, assuming an IPO price of $20 per common unit. Proceeds will be used to replenish approximately $35 million of working capital that will be distributed to certain subsidiaries of Eagle Rock Holdings LP and private investors; and, reimburse Eagle Rock Holdings and the private investors for $195.8 million of capex. Eagle Rock gathers, compresses, treats, processes, transports and sells gas and fractionates and transports natural gas liquids. Its assets are located in the Texas Panhandle, southeast Texas and Louisiana. • Linda Glisson, owner of Los Altos, Calif.-based Glisson Capital LLC, reports an alliance with former Canadian foreign service diplomat Robert Sandford Stewart to provide project funding for E&P of new oil and gas fields. Glisson is a former Eastman Kodak director of venture investment, and Stewart managed the $50-billion Bechtel master plan for Congo. • David Williams, Geoffrey Davies and Christopher Pullan have formed London-based Celtique Energie Ltd. with US$50 million of backing from New York-based private-equity firm Avista Capital Partners. Celtique will focus on E&P onshore France, Switzerland and Niger. Avista Capital co-managing partner Steve Webster says, "Our investment in Celtique is an exciting opportunity to capitalize on the increasing worldwide demand for ready-to-drill exploration prospects." Prior to forming Celtique, Williams, Davies and Pullan were managers of geological, geophysical and E&P in multiple basins in Europe, Africa and the Middle East. • Petrie Parkman & Co., Houston, has named David J. Kornder chief financial officer. Kornder was CFO of Patina Oil & Gas Corp. and vice president of finance at Gerrity Oil & Gas Corp. • Investment advisor Alerian Capital Management LLC, New York, in conjunction with Standard & Poor's and the Coalition of Publicly Traded Partnerships, has launched the Alerian MLP Index (NYSE: AMZ). The index is a composite of the 50 most prominent energy master limited partnerships and will be calculated by S&P using a float-adjusted market capitalization methodology. • Kinder Morgan Inc., Houston, (NYSE: KMI) has received a proposal from a group of investors led by Richard D. Kinder, chairman and chief executive, to acquire the company for $100 per share in cash. The buyout offer totals about US$22 billion of purchased equity and assumed debt, and would be one of the largest buyouts in U.S. history. The investor group includes members of the senior management team, KMI co-founder Bill Morgan, current board members Fayez Sarofim and Mike Morgan, and investment partners Goldman, Sachs & Co., AIG Global Asset Management Holdings Corp., The Carlyle Group and Riverstone Holdings LLC. • Darron Anderson and Stonehenge Capital Co. LLC, Baton Rouge, La., have formed Houma, La.-based Genesis Offshore LLC, an offshore vessel operator. Genesis' customers include major and independent oil companies and other energy-service companies operating in the Gulf of Mexico. Stonehenge is a nationwide specialty-finance firm that focuses on mezzanine and private-equity, tax credit finance and structured finance transactions.

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