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Beacon Offshore Energy LLC

Company Summary

Description

Beacon Offshore Energy LLC is a privately held exploration & production company focused on acquisition, exploration, and development of high-margin oil & gas assets located in the Deepwater Gulf of Mexico.

Website

https://www.beaconoffshore.com/

Operational Regions

  • Gulf of Mexico

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Recent news

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Company Transactions

Date: 8/25/2021
Type: Acquisition

BUYERS:
  • Quantum Energy Partners
  • Houston Energy
    • SELLERS:
  • Beacon Offshore Energy LLC
    • PROJECTS:
  • Shenandoah Offshore Development
    • DETAILS:
    NOTES:
    Quantum Energy Partners and Houston Energy have formed HEQ Deepwater with >$400 million in equity capital commitments from Quantum. On August 25, the newly formed entity closed on the acquisition of a 20% working interest in the Shenandoah development from Beacon Offshore Energy II.
    REGIONS:
  • Gulf of Mexico

    • Date: 7/30/2020
    Type: Acquisition

    BUYERS:
  • Blackstone Group
  • Beacon Offshore Energy LLC
    • SELLERS:
  • LLOG Exploration
    • PROJECTS:
  • Shenandoah Offshore Development
    • DETAILS:
    NOTES:
    Navitas Petroleum cited that Blackstone Group signed a prelim deal to boost its stake in a Gulf of Mexico drilling project from 16% to 47%. The Shenandoah Discovery began as a partnership between Navitas, LLOG and Blackstone's Beacon Offshore Energy and it holds an estimated 431 million barrels of oil reserves. Blackstone will buy LLOG's 31% position in the $250 million project through Beacon while Navitas retains its 53% stake. First oil is planned for 2024.
    REGIONS:
  • Gulf of Mexico