One-Page Deal Sheet
Murphy Inks $1.227B Cash Deal for Deepwater GOM Assets
Murphy Oil Corp LLOG Exploration
Announced Date
April 23,2019
Effective Date
January 01,2019
Close Date
June 03,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
1227
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Murphy Oil Corp. has agreed to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore LLC and LLOG Bluewater Holdings LLC.
This deal closed on June 3, 2019.
Murphy’s total cash consideration paid was $1.227 billion (down from the original deal price of $1.375B), which was funded primarily through the company’s $1.6 billion revolver and other sources of liquidity.
Asset Details: Production: 38,000 BOEPD Reserves: 66 MMBOE 1P reserves / 122 MMBOE 2P reservesThis increases deep water offshore footprint with the addition of 26 Gulf of Mexico blocks containing seven producing…
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