Your Portal for Key Energy Information and Research

ILX Holdings

Company Summary

Description

ILX Holdings LLC is an oil and gas exploration and production partnership managed by Ridgewood Energy with a focus on the deepwater Gulf of Mexico. With offices in Houston, Ridgewood Energy is a private E&P investment firm primarily focused on the drilling and development of oil projects in this prolific deepwater basin. Since its inception in mid-2010, this venture has participated in significant oil discoveries located in the Mississippi Canyon and Ewing Bank regions of the deepwater Gulf of Mexico, which are currently under development and expected to commence production in 2015 and early-2016. The venture is also progressing additional exploration opportunities.

Website

https://riverstonellc.com/partners/exploration-and...

Operational Regions

  • Gulf of Mexico

Related Entities

Recent news

  • 6/24/2021 - LLOG Exploration Begins... (subscriber access)
  • 1/31/2020 - Talos Reports Production... (subscriber access)
  • 12/12/2019 - Talos Acquiring $640MM... (subscriber access)

Company Transactions

Date: 3/31/2020
Type: Acquisition

DETAILS:

COST: 250 $MM

NOTES:
The net consideration at closing of the ILX Acquisitions and Castex Acquisitions is expected to be funded with the issuance of new Talos shares and cash from existing sources of liquidity. Talos will issue 11.0 million shares to sellers at closing, or $250 million in equity consideration based upon the volume-weighted average price for the 30 trading days ending December 5, 2019.
REGIONS:
  • Gulf of Mexico