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LLOG Exploration And Blackstone Energy Partners Announce The Formation Of A Multi-Billion Dollar Offshore Gulf Of Mexico Strategic Partnership

Over the last decade, Blackstone has built a leading energy sector private equity investing franchise with an extensive, successful track record of investing in partnership with exceptional management teams seeking to capitalize on their growth opportunities and realize the full potential of their assets. Led by David Foley, the Chief Executive Officer of Blackstone Energy Partners, this dedicated team of professionals has committed and invested more than $7.5 billion of equity in 25 energy transactions, across a broad range of geographies and throughout the energy value-chain: upstream, midstream, services & equipment, downstream and power. Oil & gas companies represent a significant share of Blackstone’s capital commitments to the energy sector and remain a key focus area for new investments. Blackstone’s current portfolio of oil and gas investments include: Alta Energy, GeoSouthern Energy Corporation, Kosmos Energy, OSUM Oil Sands, and Royal Resources. Further information is available at www.blackstone.com.

Copyright Business Wire 2010
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