Weil advised Guggenheim Securities, as initial purchaser and placement agent, in a $600 million issuance of 144A/Reg S and privately placed notes by PureWest Funding LLC that are backed by certain producing natural gas assets of PureWest Energy, LLC, a natural gas producer in Wyoming. This is the first-ever 144A securitization of upstream oil and natural gas assets.

The Weil team that advised Guggenheim was led by Global Structured Finance & Derivatives Co-Head Frank P. Nocco and included Structured Finance & Derivatives associate Matthew Nemeth. The team also included Energy, Oil & Gas partner Jeff Malonson; Energy, Oil & Gas associate Scott Bailey; Tax partner Daniel Nicholas; Executive Compensation & Benefits partner Sarah Downie; and Real Estate attorney Leslie Smith.