Search In the News
Search by date
Apollo Global Management LLC, the credit arm of private equity firm Summit Partners LP and commodity merchant Freepoint Commodities LLC, said Monday they have bought two oil and gas blocks off the Louisiana coast for $110 million in order to seed a new offshore energy company.
The new entity, called Whistler Energy II LLC, acquired the shallow-water blocks, which are about 150 miles off the coast, from an Exxon Mobil Corp. affiliate and W&T Offshore Inc.
Freepoint is represented by Sutherland Asbill & Brennan LLP and bankers from Evercore Partners Inc.