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Investment Summary

Plains Exploration & Production Co. Invests In The Lucius oil field

On December 29, 2010, Plains Exploration & Production Co. invested in oil/gas exploration company The Lucius oil field

Investment Highlights
  • This is Plains Exploration & Production Co.’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Plains Exploration & Production Co.’s 2nd transaction in the United States.

Investment Summary
Date 2010-12-29
Target The Lucius oil field
Sector Oil/Gas Exploration
Investor(s) Plains Exploration & Production Co.
Deal Type Stake Purchase

Target

The Lucius oil field

United States
Lucius will produce oil and gas through a truss spar floating production facility. The spar will be 605ft long and 110ft in diameter. It will be installed in 7,100ft of water. It will have a nameplate capacity of 80,000 barrels of oil a day (BOPD) and 450 million cubic feet of gas a day (mcf/d). The hull will weigh approximately 23,000t. The topsides will have an initial payload of 15,000t.

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Investor(S) 1

Investor

Plains Exploration & Production Co.

Houston, Texas, United States
Category Company
Founded 2002
Sector Oil/Gas Exploration
Employees900
DESCRIPTION

Plains Exploration & Production Company provides U.S.-based oil and gas assets.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-18 Laramie Energy

Denver, Colorado, United States

Laramie Energy LLC is engaged in the exploitation and production of unconventional natural gas reserves in domestic onshore markets.

Buy $1.0B
Mergr

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