News Releases

  • RAM Energy LLC Announces the Closing of a $70mm Credit Facility with Macquarie Investments US Inc.

    On October 18, 2019, RAM Energy LLC (“RAM”) closed a $70mm credit facility with Macquarie Investments US Inc.  Use of proceeds are slated for completing four wells (Lincoln #1H, Hawk #1H, Kocian #2H and the Dredd #1H), drilling three additional horizontal Austin Chalk wells (TBD) and for working capital.

    The facility will mature on October 16, 2022 and is structured as a three tranche (multi-draw) amortizing term loan. 

    With initial proceeds from the Macquarie facility combined with cash on hand, cash flow from Operations and expected future availability under the Macquarie Facility, RAM anticipates it will have sufficient capital to fund its entire 2020 operating activity in the Giddings Austin Chalk Field including the drilling and/or completion of up to seven additional wells plus associated natural gas gathering infrastructure.

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About RAM Energy

RAM Energy is an independent oil and natural gas producer engaged in the acquisition, exploration and development of both conventional and non-conventional oil and gas assets. RAM has a long history of successfully drilling oil and natural gas wells in core areas in Texas, Oklahoma and Louisiana. Currently, RAM Energy is focused on extending its success in the Giddings Austin Chalk Field in Fayette County, Texas.