We introduce a new method to construct solutions to the constraint equation
s of general relativity describing binary black holes in quasicircular orbi
t. Black hole pairs with arbitrary momenta can be constructed with a simple
method recently suggested by Brandt and Brugmann, and quasicircular orbits
can then be found by locating a minimum in the binding energy along sequen
ces of constant horizon area. This approach produces binary black holes in
a ''three-sheeted" manifold structure, as opposed to the "two-sheeted'' str
ucture in the conformal-imaging approach adopted earlier by Cook. We focus
on locating the innermost stable circular orbit and compare with earlier ca
lculations. Our results confirm those of Cook and imply that the underlying
manifold structure has a very small effect on the location of the innermos
t stable circular orbit.