Kosmos Energy (NYSE: KOS) said it will acquire privately held Deep Gulf Energy, a deep-water company operating in the Gulf of Mexico from First Reserve and other shareholders for a total consideration of $1.225 billion.

This transaction will add approximately 25,000 BOEPD production (~85% oil), and estimated 2P reserves of approximately 80 MMBOE, the company said in a press release.

The company stated that the acquisition EV / 2018 estimated 2P reserves is approximately $15 per BOE vs. Kosmos at approximately $21 per BOE.

Kosmos En...

Legal Notice