One-Page Deal Sheet
Northstar Offshore Group Acquires Gulf Of Mexico Assets For $160M
Northstar Offshore Group Not Disclosed
Announced Date
October 18,2012
Close Date
October 16,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
160
Location
Calculated Metrics( EV/Category)
Country
United States
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Northstar Offshore Group, LLC ("NOG") – a portfolio company of Natural Gas Partners ("NGP") – today announced the completion of two shallow water acquisitions in the Gulf of Mexico from private sellers, for a combined total of $160 million.
On October 11, 2012, Northstar acquired the Creole field, located in West Cameron Blocks 2 and 3 in the shallow state waters of Louisiana. On October 16, 2012, Northstar acquired a group of shallow water properties located in the federal waters of the GOM's central region.
Northstar gains a combined 27 blocks, 14 producing fields (of which seven are…
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