M&A Deal Summary

Murphy Oil Acquires LLOG Exploration - Deep Water Gulf of Mexico Assets

On April 23, 2019, Murphy Oil acquired oil/gas exploration company LLOG Exploration - Deep Water Gulf of Mexico Assets from LLOG Exploration for 1.4B USD

Acquisition Highlights
  • This is Murphy Oil’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Murphy Oil’s largest (disclosed) transaction.
  • This is Murphy Oil’s 3rd transaction in the United States.
  • This is Murphy Oil’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2019-04-23
Target LLOG Exploration - Deep Water Gulf of Mexico Assets
Sector Oil/Gas Exploration
Buyer(s) Murphy Oil
Sellers(s) LLOG Exploration
Deal Type Divestiture
Deal Value 1.4B USD

Target

LLOG Exploration - Deep Water Gulf of Mexico Assets

Covington, Louisiana, United States
LLOG Exploration LLC - Deep Water Gulf of Mexico Assets is an oil and natural gas exploration and production company.

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Buyer(S) 1

Buyer

Murphy Oil

Houston, Texas, United States
Category Company
Founded 1950
Sector Oil/Gas Exploration
Employees725
Revenue 3.4B USD (2023)
DESCRIPTION

Murphy Oil is an international oil and gas provider committed to exploration, devoted to an innovative Global Offshore strategy, and steadfast in the efficient growth of our North American Onshore interests. Murphy Oil was founded in 1950 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 4 of 4
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Murphy Oil - Malaysian subsidiaries

Malaysia

Murphy Oil Corp. - Malaysian subsidiaries include Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., provides oil and natural gas exploration and production services in Malaysia.

Sell $2.1B

Seller(S) 1

SELLER

LLOG Exploration

Covington, Louisiana, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

LLOG Exploration is a privately owned deepwater exploration company operating in the Gulf of Mexico, and one of the top 10 private oil and gas producers in the United States.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-20 LLOG Exploration & Production Assets

United States

LLOG Exploration & Production Assets properties are located on the Gulf of Mexico shelf and onshore South Louisiana. Production currently is averaging approximately 200,000 Mcf of natural gas equivalent per day and is expected to rise to 250,000 Mcf of natural gas equivalent per day.

Sell $750M
Mergr

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