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Cobalt International Energy Successful Bidder Selected

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Cobalt International Energy filed with the U.S. Bankruptcy Court a notice of successful bidders and backup bidders.

The notice states, “At the Auction, the Debtors, in consultation with the Consultation Parties, determined the following Bids to be Successful Bids and Backup Bids: as to the Debtors’ Heidelberg assets, the Successful Bidder is W&T Offshore, Inc. with a Bid of $31.1 million; as to the Debtors’ Shenandoah assets, the Successful Bidder is Navitas Petroleum US, LLC with a Bid of $1.8 million; as to the Debtors’ North Platte assets, the Successful Bidders are Total E&P USA, Inc. and Statoil Gulf of Mexico LLC with a Bid of $339 million, and the Backup Bidder is GOM Offshore Holdings LLC5; as to the Debtors’ Anchor assets, the Successful Bidder is Total E&P USA, Inc. with a Bid of $181 million, and the Backup Bidder is GOM Offshore Holdings LLC; and as to the Debtors’ exploration assets, the Successful Bidder is Total E&P USA, Inc. with a Bid of $25 million, and the Backup Bidder is GOM Offshore Holdings LLC.”

Read more bankruptcy news on the energy industry.

The post Cobalt International Energy Successful Bidder Selected appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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