Davis Polk & Wardwell LLP advised Credit Suisse Securities (USA) LLC and Jefferies & Company, Inc. as joint bookrunners of concurrent registered public offerings by GMX Resources Inc. of 6,950,000 shares of GMX’s common stock and $86.25 million aggregate principal amount of GMX’s 4.5% convertible senior notes due 2015 (which included the full exercise of the over-allotment option). The net proceeds from the offerings totaled approximately $182 million. GMX intends to use the net proceeds from the offerings to repay certain indebtedness and for general corporate purposes.

GMX is a “pure play” independent oil and natural gas exploration and production company focused on development of unconventional Haynesville/Bossier Shale and Cotton Valley Sands in the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas.

The Davis Polk corporate team included partner Richard D. Truesdell, Jr. and associates Shih-Jern Liang, Sam I. Valverde and Albert Garner, Jr. The Davis Polk equity derivatives team included partner Mark M. Mendez and associates Yan Zhang and Hilde M. Matthee. The tax team included partners Rachel D. Kleinberg and Mary Conway and associates M. Ryan LaRosa and Matthew Kohley. Partner Gail A. Flesher and associate Emma L. Ahrens provided environmental advice. Gwendolyn P. Ranada was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office except Ms. Kleinberg and Mr. LaRosa who are based in Menlo Park.