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Deep Gulf Energy LP

Company Summary

Description

Deep Gulf Energy and Deep Gulf Energy II were established to fund the development of gas and oil fields in the deepwater Gulf of Mexico. Headquartered in Houston, Texas, Deep Gulf targets undeveloped fields in water depths of 1,000 to 6,000 feet with recoverable reserves of between 30 and 240 Bcfe. The management team focuses on fields prone to subsea completions and tiebacks to host facilities with capacity for additional volumes.

Website

https://qeplp.com/default.aspx/MenuItemID/183/Menu...

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Recent news

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  • 8/6/2018 - First Reserve Selling... (subscriber access)

Company Transactions

Date: 9/30/2018
Type: Acquisition

BUYERS:
  • Kosmos Energy Ltd.
    • SELLERS:
  • First Reserve
  • Deep Gulf Energy LP
  • Deep Gulf Energy LP II
  • Deep Gulf Energy LP III
    • DETAILS:

    COST: 1.225 $B

    VOLUMES: 25 MBOE/d

    NOTES:
    Kosmos will fund the deal with $925 million in cash and $300 million in common shares issued to First Reserve.
    REGIONS:
  • Gulf of Mexico