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Whistler Energy II LLC

Company Summary

Description

Founded in 2012, Whistler Energy II, LLC, is a privately owned oil and gas company with producing assets in the US Gulf of Mexico. It focuses exploitation on the shelf, in less than 1,000 ft of water. Whistler Energy II is dedicated to cost-efficient operations and prefers working near existing infrastructure for quick tie-in and early cash flow. Whistler Energy II is dedicated to safe, environmentally friendly operations and is a member of the Clean Gulf Associates.

Website

http://www.whistlerenergy.com/

Operational Regions

  • Gulf of Mexico

Related Entities

Recent news

  • 9/4/2018 - Talos Energy Acquires... (subscriber access)
  • 10/20/2016 - Whistler Energy Nearing... (subscriber access)
  • 10/20/2016 - Whistler Energy Declares... (subscriber access)

Company Transactions

Date: 9/4/2018
Type: Acquisition

BUYERS:
  • Talos Energy Inc.
    • SELLERS:
  • Whistler Energy II LLC
    • DETAILS:

    COST: 52 $MM

    VOLUMES: 1.5 MBOE/d

    ACRES: 16494 Acres

    NOTES:
    The purchase price was $52 million and, as part of this acquisition, Talos negotiated the release of approximately $77 million of cash collateral that had secured Whistler's surety bonds that the Company will not need to replace. As a result, of the total cash collateral released, Talos received $31 million, with the seller entitled to the remaining $46 million. In addition, Talos also benefited from the $7 million available cash balance at Whistler at the time of the close, resulting in a net cash consideration of $14 million to Talos.
    REGIONS:
  • Gulf of Mexico