Nobel Oil E&P Secures Financing to Accelerate Its Growth Plan


HOUSTON, TEXAS (December 17, 2020) – Statesman Business Advisors, LLC (“Statesman”) is pleased to announce that Nobel Oil E&P North America, LLC (“Nobel” or the “Company”), has secured $25,000,000 in senior debt financing from Equity Bank (“Equity Bank”). Statesman served as the exclusive financial advisor to Nobel throughout the transaction, which closed December 7, 2020.

Based in Houston, Nobel is a U.S.-registered subsidiary of Nobel Upstream, headquartered in London with technical and commercial teams based in Baku, Azerbaijan and Houston. Nobel Upstream is a privately held independent exploration and production company engaged in oil and natural gas projects in Azerbaijan, the UK North Sea and Texas and continues to see investment opportunities in these regions. This new credit facility will be used to accelerate the company’s successful drilling and production program in West Texas.
Larry Bates, CEO of Nobel commented, “Completing this financing in a difficult economic environment is a testament to our team and business strategy. Equity Bank recognizes the value and sustainability of our business, and we look forward to continued growth together. Statesman was highly instrumental in getting this done, and we appreciate their partnership in the process.”

About the other transaction participants

Equity Bank, N.A. (Tulsa, OK) is a $4 billion community bank with 52 bank locations throughout Arkansas, Kansas, Missouri, and Oklahoma. Equity Bank offers a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, and treasury management services. Equity Bank’s parent company, Equity Bancshares, Inc., is based in Wichita, KS and trades on the Nasdaq Global Select Market under the ticker symbol ‘EQBK.’

Statesman Business Advisors, LLC (Houston, TX) is one of Houston’s premier financial advisory firms serving middle-market businesses. Statesman specializes in merger and acquisition advisory services (both sell side and buy side), management buyouts/recapitalizations, business financing and capital sourcing, and accredited business valuations. Additionally, Statesman provides due diligence services and government guaranteed loan packaging for financial institutions. The Statesman team advising on this engagement was led by Director Jim Briggs. Securities transactions are completed through Statesman’s affiliate, Statesman Corporate Finance, LLC, a FINRA registered broker-dealer.

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