SRC Energy Inc. $550 Million Senior Notes Offering

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A/Regulation S offering by SRC Energy Inc. of $550 million aggregate principal amount of 6.250% senior notes due 2025. SRC Energy Inc. intends to use the proceeds to finance a portion of its contemplated acquisition of additional assets in Weld County, Colorado, to redeem or repay a portion of its outstanding debt and for general corporate purposes.

Headquartered in Denver, Colorado, SRC Energy Inc. is a domestic oil and natural gas exploration and production company. Its core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas and Nebraska.

The Davis Polk capital markets team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associates Brian Fox and Leigh Katz. Partner William A. Curran provided tax advice. Counsel David A. Zilberberg and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.