One-Page Deal Sheet
Energy XXI Sells GOM East Bay Field to Private Buyer
Trimont Energy Llc Energy XXI Gulf Coast, Inc
Announced Date
July 01,2015
Close Date
June 30,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
21
Asset/Basin:
{"Gulf of Mexico"}
Location
Calculated Metrics( EV/Category)
Region
United States
Country
United States
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Require Private Equity Subscription
Energy XXI has closed on the sale of the East Bay Field for $21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exceed 5 years from the closing date, and Energy XXI will also retain 50 percent of the deep rights associated with the East Bay Field.
Shale Experts was able to confirm that Trimont Energy Ltd was the purchaser of the assets.
Enlarge Image
The East Bay Field produced approximately 2,050 barrels of oil per day (Bbl/d) net on average for fiscal 2015, with net reserves associated with the East Bay…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-27-2019 |
-  |
- |
Click here | Alaska | E&P |
| Dec-17-2018 |
- |
- |
Click here | E&P | |
| Nov-21-2018 |
- |
- |
Click here | E&P | |
| Sep-13-2018 |
- |
- |
Click here | E&P | |
| May-29-2018 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-15-2024 | Talos Acquires QuarterNorth Energy For $1.2 Billion | - |
- |
| Sep-22-2022 | Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock | - |
- |
| Jan-10-2022 | W&T Acquires GOM Assets, Operatorship for $30.2MM in Cash | - |
- |