LLOG Exploration Company LLC
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LLOG Exploration Company LLC - overview
Established
1977
Location
Covington, LA, US
Primary Industry
Oil & Gas
About
Founded in 1977 and headquartered in Covington, Louisiana, LLOG Exploration Company is engaged in oil and natural gas exploration, focusing on deepwater projects in the Gulf of Mexico, delivering energy resources through advanced technologies. LLOG Exploration Company specializes in oil and natural gas exploration and production. The company was founded in 1977 in Covington, Louisiana. As of 2026, Philip LeJeune operates as CEO of the company.
In February 2026, Harbour Energy plc acquired LLOG Exploration Company, L. L. C. from Blackstone for USD 3.
2 billion. LLOG Exploration Company specializes in the exploration and production of oil and natural gas, particularly focusing on deepwater projects in the Gulf of Mexico. The company utilizes advanced technologies for hydrocarbon extraction through its Salamanca Floating Production Unit, which is currently operational in the Leon and Castile fields. LLOG partners with large energy companies, including Repsol and O.
G. Oil & Gas, to enhance resource development in these areas. LLOG Exploration generates revenue through partnerships and joint ventures with major oil and gas companies, primarily from the sale of extracted hydrocarbons. The company engages in B2B arrangements to develop oil fields, sharing produced resources with partners.
Revenue is derived from the hydrocarbons produced from their projects, with pricing based on market rates and contractual agreements. The Salamanca Floating Production Unit is a central component of LLOG's operational strategy and revenue model. Following the significant investment of USD 1. 2 billion from Blackstone Group in November 2012, LLOG Exploration plans to enhance its capabilities in deepwater exploration and production.
The company aims to expand its operations further into the Gulf of Mexico, leveraging its advanced technological resources to develop new oil fields. Future growth will focus on enhancing production efficiency and exploring new market opportunities in untapped regions, with the goal of fully capitalizing on the hydrocarbon reserves available in the Gulf.
Current Investors
Blackstone Group
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production, Petrochemicals
Website
www.llog.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
LLOG Exploration Company LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | LLOG Exploration Company LLC | - | ||||||||
| Growth | Completed | LLOG Exploration Company LLC | - |
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