Gulf Coast Western subsidiary acquires assets of Orbit Energy Partners

Gulf Coast Western LLC’s subsidiary, Orbit Gulf Coast Exploration LLC, has acquired substantially all of the assets of Orbit Energy Partners LLC. Terms of the deal, which closed in December 2015, were not disclosed.

The acquisition includes proprietary rights and access to hundreds of square miles of 3D seismic data in southwestern Louisiana, working interests in 13 producing wells, and 140 defined drilling locations with approximately 30 million barrels of oil equivalent of total reserve potential.

Orbit Gulf Coast Exploration took over production, effective Oct. 1, 2015. Gulf Coast Western explores, develops, and acquires domestic oil and gas reserves primarily in the US Gulf Coast region, with operations in six states.

As part of the transaction, Gulf Coast Western secured an agreement from Louisiana-based Warhorse Oil and Gas to be the operator of many of the development wells, in addition to many other operators currently operating the acquired producing wells, including Zachry Exploration, LLOX, Union Gas, Endeavor NG, and Neumin Production.

 

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