Investment Banking

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Our Industries of Focus

The Stephens Investment Banking team focuses on an expanding range of industries, from consumer and healthcare to energy and technology. In each area of focus, we combine in-depth industry knowledge with strong execution.

Stephens has a been a principal investor in the Energy space since 1952 and has a longstanding commitment to assisting and advising public and private Energy companies throughout their life cycles.

Stephens Energy investment banking practice began in 2009 and has completed over 65 transactions to-date. There are currently 10 professionals in the Energy investment banking group covering the Exploration & Production, Master Limited Partnerships and Oilfield Service sectors. The combined knowledge base of the Energy team enables us to provide clients an unmatched level of investment banking service, including mergers and acquisitions advisory, fairness opinions and public and private debt and equity offerings.

Our extensive network of relationships in the Energy sector and continued presence in the strategic and capital markets allows Stephens to provide clients with actionable advice and an independent perspective on asset valuations, potential strategic matters and financing alternatives.

Exploration & Production            

  • Oil, Gas and NGL
  • Shale, Tight Gas, CBM and Conventional


  • Gathering and Processing
  • Gas and Liquids Pipelines
  • Terminaling and Storage

Oilfield Services               

  • Service and Equipment
  • Production and Workover
  • Land and Offshore Drilling
  • Offshore Construction
  • Marine Transportation
  • Saltwater Disposal
  • Seismic

Alternative and Renewable Energy         

  • Ethanol
  • Biodiesel
  • Solar
  • Wind
Keith Behrens
Managing Director, Head of Energy (214) 258-2762
Dallas, TX
Paul M. Moorman
Managing Director (214) 258-2773
Dallas, TX
Brad Nelson
Managing Director (214) 258-2763
Dallas, TX
Jake Bender
Vice President (214) 258-2776
Dallas, TX
Ben Blaesche
Associate (214) 258-2703
Dallas, TX
Evan Smith
Associate (214) 258-2758
Dallas, TX

$633 Million

Initial Public Offering


Not disclosed

Has Sold Assets To

ARB Midstream, LLC


$243 Million

Follow-On Offering


$25 Million

Follow-On Offering

Joint Bookrunner

$187 Million

Follow-On Offering


$391 Million

Follow-On Offering


$350 Million

Private Placement

Clayton Williams Energy, Inc.


$712 Million

Follow-On Offering


$195 Million

Follow-On Offering


See all related transactions

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