Logo for print Skip to main content
Toggle navigation MENU MORE

About Dewey

For more than 25 years, Dewey Gonsoulin has effectively and efficiently represented clients in all types of financing transactions. He devotes a significant portion of his practice to energy financing, and is a frequent speaker and writer on topics related to upstream oil and gas reserve-based financings. He represents commercial lenders, mezzanine lenders, corporate borrowers and other financial institutions in all types of financing transactions. In addition to his client responsibilities, Dewey serves as chair of the firm’s finance department, and has previously served as a member of the firm’s management and finance committees. 

Dewey focuses primarily on credit facilities in the upstream energy sector, including traditional borrowing base credit facilities provided by senior bank lenders to independent producers as well as more complex mezzanine and development financing transactions. Along with senior partner Jason Fox, Dewey co-authored “Reserve based finance – A tale of two markets” for Oil and Gas Financial Journal (2014). This four-part series is a testament to both Dewey’s and the firm’s knowledge of this sector of the industry. In addition to working on upstream financings, Dewey also has extensive experience in oilfield service and midstream pipeline financings.

In periods of economic downturn, Dewey works alongside the firm’s restructuring practice, serving as lead transaction counsel on numerous workouts and restructurings involving energy companies. Partnering with his major banking clients, he has been instrumental in assisting clients with reserved based loans, senior secured revolving credit facilities and other financing arrangements pertaining to both foreign and domestic assets.

Dewey Gonsoulin has significant expertise in upstream energy finance matters and a wealth of experience to offer lenders. An interviewee describes him as ‘focused on getting the deal done and doing it efficiently.'
Chambers USA, 2016

Experience

Recent Notable Matters

Société Générale — $1 billion senior secured reserve-based revolving credit facility for a privately held exploration and production company; as borrower, to refinance the existing credit facility and to finance the acquisition, development and maintenance of oil and gas properties located in Texas, as administrative agent

Union Bank, N.A. — $300 million dollar senior secured reserve-based revolving credit facility to an independent oil and gas exploration and production company, secured by substantially all assets of the borrower, including oil and gas properties in Texas and Louisiana, as administrative agent and sole lead arranger

Wells Fargo Bank, N.A. — $500 million revolving credit agreement subject to an oil and gas reserves-based borrowing base to Triangle USA Petroleum Corporation. The facility was guaranteed by Triangle Petroleum Corporation, the parent of Triangle USA Petroleum Corporation and a publicly traded corporation, as administrative agent

Frost National Bank — $50 million senior-secured, revolving, reserve-based credit facility for a privately held exploration and production company with properties in New Mexico, secured by substantially all assets of the borrower and its subsidiaries, including its oil and gas properties located in New Mexico, as administrative agent

Privately held exploration and production company — $200 million secured reserve-based revolving credit facility secured by substantially all assets of the Borrower and its subsidiaries, as borrower

Privately held exploration and production company — $140 million senior-unsecured note purchase facility agented by Cortland Capital Market Services LLC to refinance the existing credit facility and to finance the acquisition, development and maintenance of oil and gas properties located in Texas, as borrower

Independent oil and gas exploration and production company — $200 million secured reserve-based revolving credit facility with Texas Capital Bank, National Association, as administrative agent and as sole lead arranger, secured by substantially all assets of the borrower and its subsidiaries

Independent oil and gas exploration and production company — up to $150 million first lien reserve-based revolving credit facility and an up to $50 million second lien term loan facility, financing an acquisition of oil and gas properties, as borrower

Publications and Speeches

“Reserve Based Lending: A Legal Perspective,” SMi’s Project Financing in Oil and Gas North America Conference, March 9-10, 2015.

"A tale of two markets - Part 1," Oil & Gas Financial Journal, January 2015.

Credentials

Education

The University of Texas School of Law,
J.D.
1991
The University of Texas at Austin,
Bachelor of Business Administration
1988
with honors

Bar Admissions

Texas

Affiliations

State Bar of Texas
Houston Bar Association

News

News

The Best Lawyers in America Recognize 74 Bracewell Attorneys

August 15, 2016
Best Lawyers, Woodward White, Inc.

Texas Super Lawyers 2013 Recognizes Thirty-Nine Bracewell Attorneys

August 19, 2013
Texas Super Lawyers, Thomson Reuters

Best Lawyers in America Recognizes Eighty-Eight Bracewell Attorneys

August 23, 2012
Best Lawyers, Woodward White, Inc.

Noteworthy

Noteworthy

Chambers USA
Texas Banking & Finance, 2006 - 2017
The Legal 500 United States
Finance - Commercial Lending: Advice to Borrowers, 2016-2017; Finance - Commercial Lending: Advice to Lenders, 2016-2017; Bank Lending, 2009, 2015
Woodward/White, Inc.
Best Lawyers
Banking and Finance Law, 2006 - 2018
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate Guide
2018
Thomson Reuters
Texas Super Lawyers
2004, 2014, 2016 - 2017