Fieldwood Energy closes Gulf of Mexico Shelf acquisition
Fieldwood Energy, a portfolio company of Riverstone Holdings has closed its acquisition of Apache Corporation’s Gulf of Mexico Shelf business for $3.75 billion, based on an effective date of July 1, 2013. The acquisition establishes Fieldwood as the owner of the largest operated asset base on the Gulf of Mexico Shelf with a leasehold comprising greater than 500 blocks and net production of approximately 100,000 boepd, which is 55% oil.
1 October 2013•3 mins read
