NOIA Member Spotlight
Based in Houston, Deep Gulf Energy is a privately-held exploration and production company focused solely in the Deepwater Gulf of Mexico. There are three Deep Gulf Energy companies that hold interests in federal leases in the Deepwater Gulf of Mexico, being Deep Gulf Energy LP, Deep Gulf Energy II, LLC and Deep Gulf Energy III, LLC. (Collectively Deep Gulf Energy)
Deep Gulf Energy uses proven subsea technology to develop fields that are often below the threshold of larger oil companies. Setting Deep Gulf Energy apart is its experience in the Gulf of Mexico and the longevity of its leadership team. Deep Gulf Energy’s management team is made up of a core group of mostly ex-Mariner Energy founders and personnel. In total, the management team has over 300 years of E&P experience, with over 175 years in the Deepwater Gulf of Mexico. Deep Gulf Energy’s management team and its employees consistently punch above their weight. In 2016, the Houston Chronicle recognized this “David versus Goliath” mentality, naming Deep Gulf Energy as one of the top places to work in Houston.
Deep Gulf Energy’s primary backer is the First Reserve Corporation – a large private equity firm focused in the energy space with over $30 billion in assets under management. Over the past 12 years First Reserve has backed all three DGE entities and Deep Gulf Energy has invested more than $1.4 billion in the Deepwater Gulf of Mexico.
The safety and protection of employees and the environment is also a top priority at Deep Gulf Energy and are a fundamental aspect of the company’s culture and value system. This dedication to safety excellence is incorporated into all of Deep Gulf Energy’s activities and operations. Each Deep Gulf Energy Company strictly complies or exceeds all US federal safety regulations and industry standards while operating within the Gulf of Mexico. Since its inception, Deep Gulf Energy has not experienced a lost time incident, environmental incident or spill and maintained a total recordable incident rate (TRIR) far below the industry average.
Deep Gulf Energy has been a member of NOIA since the company’s inception. To find out more about Deep Gulf Energy click here.