Kosmos Energy Completes Acquisition of Deep Gulf Energy
Sep. 17, 2018
Kosmos Energy (NYSE: KOS) (LSE: KOS) announced today that it has completed the previously announced acquisition of Deep Gulf Energy (“DGE”)1, a leading deepwater company operating in the Gulf of Mexico. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive assets and a strong record of growing production and reserves through infrastructure-led exploration. This immediately accretive acquisition enhances the scale of the company and is expected to generate significant free cash flow, enabling Kosmos to return cash to shareholders through a dividend, beginning in the first quarter of 2019.
Assets include:
- Barataria
- Big Bend
- Bon Villian
- Danny
- Don Larsen
- Gladden
- Kodiak Oil Field - A Barrel Full
- Madame X
- Marmalard
- Odd Job
- Sargent
- Son of Bluto II
- South Santa Cruz
- Tornado
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