Pickering Energy Partners Acts as Buy-Side Advisor to Non-Operated GoM Assets

Source: www.gulfoilandgas.com 4/15/2024, Location: North America

Pickering Energy Partners (PEP) advised O.G. Oil & Gas Limited, a large family office, in their purchase of certain non-operated Gulf of Mexico assets owned by Beacon Offshore Energy. The acquisition includes non-operated interests in the deepwater Gulf of Mexico in accordance with a previously executed definitive agreement with GOM 1 Holdings Inc., an affiliate of O.G. Oil & Gas. The acquisition consists of Beaconís 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure, and 32.83% interest in the Sicily discovery.


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