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Arena Energy LP

Company Summary

Description

Headquartered in The Woodlands, Texas, Arena Energy focuses on pursuing the lower-risk prospect opportunities that remain in the Gulf after 50 years of drilling by larger oil companies. Most of our projects are exploitation drilling prospects identified through detailed and technical field study. As a result, our oil and gas reserve base has been created primarily through drilling wells rather than acquiring existing production. This approach sets us apart from nearly every other company operating in the Gulf today.

Website

http://www.arenaenergy.com/about-us/

Related Entities

Recent news

  • 9/15/2023 - Arena Energy Awarded... (subscriber access)
  • 10/2/2020 - Arena Energy Completes... (subscriber access)
  • 8/25/2020 - Arena Energy Files for... (subscriber access)
  • 7/19/2017 - Rowan Releases July 2017... (subscriber access)
  • 6/28/2016 - TEL Offshore Trust Sells... (subscriber access)

Company Transactions

Date: 10/31/2020
Type: Acquisition

BUYERS:
  • Lime Rock Partners
    • SELLERS:
  • Arena Energy LP
    • DETAILS:

    ACRES: 340724 Acres

    NOTES:
    Arena Energy, a private Gulf of Mexico offshore oil & gas firm, has filed for Chapter 11 bankruptcy with $1 billion in debt and $35 million in cash on hand. The current plan is to sell their 340,724 acres in assets do Lime Rock Partners in a deal which includes $62.4 million in cash.
    REGIONS:
  • Gulf of Mexico