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Fieldwood Energy LLC

Company Summary

Description

Fieldwood Energy LLC was formed by Riverstone in partnership with CEO Matt McCarroll and his his team in December and has a leasehold comprising more than 650 blocks in the Gulf of Mexico.

Website

http://www.riverstonerel.com/portfolio/

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Recent news

  • 2/28/2022 - Lukoil Closes on... (subscriber access)
  • 12/1/2021 - Fieldwood Energy Plan to... (subscriber access)
  • 7/28/2021 - Hess Books $147MM in... (subscriber access)
  • 8/5/2020 - Fieldwood Energy Files... (subscriber access)
  • 4/12/2018 - Fieldwood Energy Closes... (subscriber access)

Company Transactions

Date: 4/12/2018
Type: Acquisition

BUYERS:
  • Fieldwood Energy LLC
    • SELLERS:
  • Noble Energy, Inc.
    • DETAILS:

    COST: 710 $MM

    VOLUMES: 20

    NOTES:
    Fieldwood will pay $480 million in cash and assume all abandonment obligations, valued at $230 million. Fieldwood will also pay $100 million through 2022 in contingent payments when LLS prices exceed $63/bbl.
    REGIONS:
  • Gulf of Mexico