MI - Genesis’ Tarantula will carry GOM production from Katmai - April 2020Genesis Energy, LP will provide transportation for 100% of the crude oil production from the deepwater Gulf of Mexico Katmai field development through the existing Tarantula platform, the partnership announced. It signed agreements with Fieldwood Energy, LLC and two entities managed by Ridgewood Energy Corp.—Ridgewood Katmai, LLC and ILX Prospect Katmai, LLC. The platform is connected to Genesis’ Tarantula lateral, and the crude oil production will then flow to its 64% owned Poseidon crude oil...
Apr 17, 2020
PS - Beacon surpasses its pre-drill estimates for 3rd Claiborne well - March 2020Beacon Offshore Energy’s third development well at Claiborne field in the Gulf of Mexico was deemed a success after reaching total depth, partner Talos Energy reported. Located on Mississippi Canyon block 794 in 1,500 ft of water, the MC 794 #3 well logged 284 ft of true vertical pay across five pay sands, which exceeded pre-drill expectations. The well will be tied back to the Walter Oil & Gas-operated Coelacanth production facility in Ewing Bank block 834 and reach first production around...
Mar 30, 2020
SES - Beacon’s 3rd Claiborne development well tops pre-drill estimate - March 2020Beacon Offshore Energy’s third development well at Claiborne field in the Gulf of Mexico was deemed a success after reaching total depth, partner Talos Energy reported. Located on Mississippi Canyon block 794 in 1,500 ft of water, the MC 794 #3 well logged 284 ft of true vertical pay across five pay sands, which exceeded pre-drill expectations. The well will be tied back to the Walter Oil & Gas-operated Coelacanth production facility in Ewing Bank block 834 and reach first production around...
Mar 19, 2020
MI - Murphy inks MOU to sell King’s Quay FPS stake to ArcLight - February 2020Murphy Oil announced Jan. 30 it entered into an MOU with ArcLight Capital Partners for the sale of its 50% ownership in the King’s Quay floating production system planned for deployment in the Gulf of Mexico. The deal is part of the E&P company’s efforts to keep its midstream holdings to a minimum. Financial terms were not disclosed. The FPS is scheduled to go into service in mid-2022, with Murphy continuing to serve as operator. Designed to process up to 80,000 bo/d and up to 100...
Feb 11, 2020
A&D - Murphy inks MOU to sell King’s Quay FPS stake to ArcLight - February 2020Murphy Oil announced Jan. 30 it entered into an MOU with ArcLight Capital Partners for the sale of its 50% ownership in the King’s Quay floating production system in the Gulf of Mexico. The FPS is scheduled to go into service in mid-2022, with Murphy continuing to serve as operator. Designed to process up to 80,000 bo/d and up to 100 MMcf/d from the Khaleesi/Mormont and Samurai fields, the facility will be located in Green Canyon Block 433. Closing of the transaction is expected by...
Feb 06, 2020
PS - LLOG working on joint development plan for Leon & Moccasin - January 2020LLOG Exploration’s Leon appraisal well on Keathley Canyon Block 686 in the Gulf of Mexico confirmed the potential for a joint development of Leon and Moccasin, according to partner Repsol. The two discoveries are located less than 20 miles apart. LLOG is currently doing conceptual engineering to visualize what development would look like. In April, Repsol and LLOG signed asset exchange and joint participation agreements for Keathley Canyon blocks 642, 643, 686, 687 and 736, which...
Jan 27, 2020
SES - LLOG working on joint development plan for Leon & Moccasin - January 16, 2020LLOG Exploration’s Leon appraisal well on Keathley Canyon block 686 in the Gulf of Mexico confirmed the potential for a joint development of Leon and Moccasin, according to partner Repsol. The two discoveries are located less than 20 miles apart. LLOG is currently doing conceptual engineering to visualize what development would look like. In April, Repsol and LLOG signed asset exchange and joint participation agreements for Keathley Canyon blocks 642, 643, 686, 687 and 736, which...
Jan 17, 2020
A&D - Talos emerges as largest public GOM pure-play in $640MM deal - December 2019Gulf of Mexico producer Talos Energy struck a series of deals totaling $640 million to acquire interests in producing fields and exploration prospects from affiliates of ILX Holdings, Castex Energy and Venari Resources. The acquired Q3 net production of 19,000 boe/d (65% oil, 72% liquids) will boost Talos’ total by 35% to 72,000 boe/d. Following completion of the deals, expected in 1Q20, the company says it will be the largest publicly traded GOM pure-play. “Our team’s never been afraid...
Dec 19, 2019
PS - LLOG reaches first oil at Buckskin in Keathley Canyon - July 2019Gulf of Mexico-focused LLOG Exploration has brought online Phase 1 of the
Buckskin project. Buckskin is located in Keathley Canyon blocks 785, 828, 829, 830,
871 and 872 in 6,800 ft of water. Phase 1 production is expected to reach capacity of
30,000 bo/d. Operator LLOG and its affiliate companies own 33.8% WI
in the project. LLOG’s partners are Repsol (22.5%), Beacon Offshore
Energy (18.7%), Ridgewood Energy (17.5%) and Navitas (7.5%).
The project’s first phase includes the drilling of...
Jul 08, 2019
SES - LLOG reaches first production at Buckskin in Keathley Canyon - June 27, 2019Gulf of Mexico-focused LLOG Exploration has brought online Phase 1 of the Buckskin
project in the Gulf of Mexico. Buckskin is located in Keathley Canyon blocks 785, 828, 829,
830, 871 and 872 in 6,800 ft of water. Phase 1 production is expected to
reach capacity of 30,000 bo/d. Operator LLOG and its affiliate companies
own 33.8% WI in the project. Additional participants are Repsol (22.5%), Beacon
Offshore Energy (18.7%), Navitas (7.5%),
Ridgewood Energy (17.50%).
Two production wells...
Jun 27, 2019
LLOG moves ahead with Stonefly development in GOMDevelopment of the Stonefly discovery in the Gulf of Mexico has been sanctioned by operator LLOG and its partners. LLOG hit oil-bearing Middle Miocene sands with the 2016 discovery well and a follow-up well on Viosca Knoll Block 999 in 2017. The two wells will be connected to the Talos Energy-operated Ram Powell tension-leg platform via a subsea tieback with first oil expected around YE19. The platform sits in 3,200-ft water depth in Viosca Knoll Block 956 and has processing capacity of 60,000...
Sep 06, 2018
CM - Power & Renewables Briefs - January 31, 2020UK-based private equity group Energy Growth Momentum and Arizona venture capital firm El Dorado Investment Co. have invested a total of $13.5 million in H2Scan, a provider of hydrogen sensors and technologies for utilities and industrial markets. The Valencia, California-based company will use the proceeds to increase production capacity and accelerate time to delivery for its Gen 5 sensing technology. El Dorado is owned by Pinnacle West Capital. Warburg Pincus has committed up to $300...
Jan 31, 2020
PS - Gulf of Mexico Briefs - January 27, 2020Chevron received a permit from federal regulators to drill the Clingman’s Dome prospect in Mississippi Canyon block 700. The company will utilize the Pacific Sharav to drill the Norphlet target, which lies in 7,396 ft of water. Drilling is expected to reach total depth in Q1. Chevron operates the project with 50% WI, while Fieldwood Energy and Ridgewood Energy each own 25% WI. In August, US Gulf of Mexico production exceeded 2 MMbo/d for the first time on record, the Bureau of...
Jan 27, 2020
CM - Midstream & Downstream Briefs - October 25, 2019Infrastructure investor Ridgewood Infrastructure LLC bought SiEnergy LP, a regulated natural gas local distribution company in Texas serving 25,000 customers. Financial terms of the deal were not disclosed. Ridgewood’s other investments include the Vista Ridge Regional Water Supply project, a 142-mile water pipeline expected to supply San Antonio with 20% of its fresh water, and Undine LLC, which owns and operates water and wastewater utilities in several US markets. Morgan Stanley...
Oct 25, 2019
MI - A&D Briefs - October 17, 2019Vermont-based Mount Tam Biotechnologies will merge with Banner Midstream Corp., based in Frisco, Texas. Financial terms were not disclosed, but Banner’s stockholders will own a majority controlling interest at closing, expected in mid-Q4. Mount Tam secured debt holders will take possession of the biotechnology assets in lieu of the amounts due in the secured debt instruments. Despite its name, Banner Midstream is largely an oilfield services company, as its main operating segments are Pinnacle...
Oct 17, 2019