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Started By
Message
Shell closing in on LLOG??
Posted on 12/11/25 at 1:38 am
Posted on 12/11/25 at 1:38 am
6
Posted on 12/11/25 at 7:21 am to Mr. Curious
I don't know about you, but I'm sure curious.
Posted on 12/11/25 at 8:03 am to Mr. Curious
Done deal. Beacon is next. That would leave Talos as pretty much the last opportunity for any international company not already in the gulf to enter the gulf.
This post was edited on 12/11/25 at 8:05 am
Posted on 12/11/25 at 8:38 am to Mr. Curious
I hate to see another private company get taken out, but that'll allow Shell to Divest and boom, you'll see some private equity come back.
Posted on 12/11/25 at 9:21 am to b-rab2
How will this allow Shell to divest?
A very weird buy imo, only thing I can think of is that LLOG has some leases that Shell want. It is definitely not the infrastructure.
I was expecting PE to go after LLOG.
A very weird buy imo, only thing I can think of is that LLOG has some leases that Shell want. It is definitely not the infrastructure.
I was expecting PE to go after LLOG.
This post was edited on 12/11/25 at 9:22 am
Posted on 12/11/25 at 10:14 am to GREENHEAD22
quote:
I was expecting PE to go after LLOG.
I think this makes way more sense. LLOG has plenty of potential. I feel bad for those employees unless the family really takes care of them. They have been cruising along in a cush spot, and now gotta work for shell.
Posted on 12/11/25 at 12:32 pm to JL
You think Shell is going to go after Beacon as well? Why is Shell going after small independents?
Posted on 12/11/25 at 12:49 pm to GREENHEAD22
Big 20k field in shenendoah just being brought online. A couple of other projects potentially in the pipeline. Shell hasn't had a big discovery in the gulf for a while and less risky to buy small deepwater companies with production than drill exploration wells.
Posted on 12/11/25 at 1:09 pm to GREENHEAD22
Also a bunch of ex-shell people working at Beacon, they probably want their talent back.
Posted on 12/11/25 at 1:54 pm to JL
at the 30k BPD now they need about 18 months to cover the purchase price.
Salamanca just came online this fall and still ramping up to 60k BPD. LLOG bought some of the Shell acreage in the gulf last year as well so they are familiar with future potential, Blacktip.
It seems cheap on the cocktail napkin math.
Salamanca just came online this fall and still ramping up to 60k BPD. LLOG bought some of the Shell acreage in the gulf last year as well so they are familiar with future potential, Blacktip.
It seems cheap on the cocktail napkin math.
Posted on 12/11/25 at 1:59 pm to bamaphan13
Plus LLOG basically built the playbook for newbuild developments in the GOM.
Vito, Whale and Sparta follow the exact concept LLOG did with their developments in the last decade +.
BP is doing the same now with Kaskida and Tiber.
Vito, Whale and Sparta follow the exact concept LLOG did with their developments in the last decade +.
BP is doing the same now with Kaskida and Tiber.
Posted on 12/11/25 at 2:19 pm to GREENHEAD22
quote:
How will this allow Shell to divest?
They'll sell the noncore assets
Posted on 12/12/25 at 2:46 pm to Mr. Curious
(no message)
This post was edited on 12/22/25 at 8:56 pm
Posted on 12/12/25 at 5:29 pm to VMO7
I am not sure on the number but the majority of the employees work out of the Covington office I believe.
Posted on 12/13/25 at 12:45 pm to Mr. Curious
BIL works for LLOG, seems like it's a done deal. I think employees are guaranteed 12-18 mo of employement.
Posted on 12/13/25 at 12:49 pm to GREENHEAD22
They do - pretty sure LLOG owns Stone Creek next door or it was developed with the LLOG building and they all get access. Seems like there are hundreds of employees in that building
This post was edited on 12/13/25 at 12:51 pm
Posted on 12/13/25 at 1:10 pm to TigerTatorTots
Yes, SC was built originally for LLOG employees but once the design got so big they pivoted to make it public also.
Posted on 12/22/25 at 7:37 am to Mr. Curious
Welp , so much for Shell
quote:
Harbour Energy Pushes Into U.S. With $3.2 Billion Deal for LLOG Exploration
LINK
This post was edited on 12/22/25 at 7:46 am
Posted on 12/22/25 at 1:17 pm to nolaks
quote:Not flaming you but why should the family take care of them?
I think this makes way more sense. LLOG has plenty of potential. I feel bad for those employees unless the family really takes care of them. They have been cruising along in a cush spot, and now gotta work for shell.
Possibly some reward for the core 4-6 leadership folks but otherwise I don’t think the sellers have an obligation to the rank & file.
Folks at LLOG in the past 20+ years have not been underpaid.
Posted on 12/22/25 at 2:36 pm to evil cockroach
Yep, looks like Shell lost out on LLOG
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