OFSCap launches energy restructuring group


OFSCap LLC has formed an energy restructuring team to focus exclusively on turnaround and restructuring of distressed energy companies, projects, or joint ventures.

OFSCap’s dedicated restructuring team will work with companies in all sectors and levels of sophistication of the energy industry, from small start-up businesses to large mid-cap companies. The team can manage the efforts of both private and public companies in sectors from natural gas centric E&P companies, dedicated joint-venture oil drilling programs, to distressed oil field service companies.

Target clients will range from private equity funds, public company boards to the distressed company itself. The restructuring team will work with stakeholders to determine any number of possibilities which could include out-of-court consensual debt and equity restructuring, exchange offers and distressed M&A transactions, or formal in-court insolvency proceedings, including all US Chapter 11 and 7 proceedings as well as administration, receivership, voluntary arrangement, liquidation and bankruptcy.

The team will be led by experienced oil and gas turnaround executives Fred Zeidman and Jeffrey Freedman. Zeidman’s energy restructuring activities have included serving as the Chairman of the Board and CEO of Seitel Inc. during its successful restructuring, chairman of the board of SulphCo Inc. and PetroFlow Energy, interim president and board member of Nova Bio Fuels Inc., Chief Restructuring Officer of Transmeridian Exploration Inc. and chairman of board and CEO of Unibar Corp. Freedman has been involved with a number of private E&P and service company workouts and appointed CEO of Gravis Oil Corp., a public Canadian company, during its restructuring period.                                                               

OFSCap is a boutique investment and merchant-banking firm servicing the energy sector in the Americas and beyond. OFS is co-headquartered in Houston and Rio de Janeiro, with offices in Berlin, Bogota, Buenos Aires, Calgary, Dubai, Hong Kong/Shenzhen, London, Mexico City, New York City, Oslo, Panama City, and Washington, D.C.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...