Fieldwood Energy LLC has acquired all of Noble Energy Inc.’s deepwater oil and gas assets in the Gulf of Mexico.
Offshore staff
HOUSTON – Fieldwood Energy LLC has acquired all of Noble Energy Inc.’s deepwater oil and gas assets in the Gulf of Mexico.
The acquisition was a key component of Fieldwood’s restructuring and recapitalization plan, which was confirmed last week by the Bankruptcy Court for the Southern District of Texas.
CEO Matt McCarroll said: “This acquisition adds quality producing assets to our existing portfolio, provides us with numerousdeepwater drilling opportunities and enhances our position as one of the largest operators in the Gulf of Mexico.
“With a strengthened balance sheet, substantially more cash flow and the new, talented deepwater operating team, we are well positioned to capitalize on future opportunities while executing our safe and efficient operations strategy to create long-term value.”
