London-headquartered Harbour Energy has agreed to acquire Covington-based LLOG Exploration Company LLC for $3.2 billion, marking the company’s strategic entry into the deepwater U.S. Gulf and significantly expanding its global offshore portfolio, reports New Orleans City Business.
The transaction, announced Dec. 22, includes $2.7 billion in cash and $500 million in Harbour voting ordinary shares. LLOG is being acquired from LLOG Holdings LLC, with the deal expected to close in late first quarter 2026, subject to regulatory approvals.
Gerald “Jerry” Boelte founded LLOG in 1977. Read more.
