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Deep Gulf Energy LP III

Company Summary

Description

Deep Gulf Energy LP, Deep Gulf Energy LP II and Deep Gulf Energy LP III (together “Deep Gulf”) are exploration and production companies established to fund the development of oil and gas fields in the deepwater Gulf of Mexico. Deep Gulf targets undeveloped fields in water depths of 1,000 to 7,000 feet with recoverable reserves of between 20 and 300 MMBOE. The management team focuses on fields owned by larger companies which are focused on other projects, and where there is the ability to tie back to existing infrastructure. The Deep Gulf team has executed over 20 such projects in the deepwater Gulf of Mexico.

Website

http://deepgulfenergy.com/

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Recent news

Company Transactions

Date: 9/30/2018
Type: Acquisition

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