The Firm is representing Blackstone Energy Partners in the announced formation of a long-term, strategic partnership with LLOG Exploration Company L.L.C. (“LLOG”) to invest over $1.2 billion to expand and accelerate LLOG’s offshore operations in the Gulf of Mexico. The partnership will provide funds to expedite the development of LLOG’s four recent deepwater discoveries as well as the exploration and appraisal of its extensive prospect inventory, which includes over 110 offshore leases. This strategic partnership is the largest private equity financing executed in the Gulf of Mexico to date.

LLOG is a leading privately-owned exploration and production company in the Gulf of Mexico and one of the top 10 private oil and gas companies in the United States.

The Simpson Thacher team includes: Andy Calder, Rhett Van Syoc, Jay Blackman, John Pitts and Austin Hill (M&A); Gary Mandel, Jonathan Goldstein and Danny Salinas (Tax); David Rubinsky and Jennifer Peppin (Executive Compensation and Employee Benefits); Robert Rabalais and Matthew Einbinder (Credit); and Adeeb Fadil (Environmental).

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