First Reserve Announces $1.225B Agreement to Sell Deep Gulf Energy
Vinson & Elkins advised Deep Gulf Energy Companies (DGE), a portfolio company of global private equity investment firm First Reserve, in an agreement to sell DGE to Kosmos Energy for a total consideration of $1.225 billion.
DGE is a deepwater oil and gas exploration and development business operating in the Gulf of Mexico.
The V&E corporate team was led by partners Shamus Crosby, Bryan Loocke and Doug McWilliams and senior associate Benji Barron with assistance from associate Mike Marek. Also advising were partners David Peck, Jason McIntosh, Stephen Jacobson, Sean Becker, Larry Nettles and Billy Vigdor.
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