Oil Rig

Cox Operating L.L.C.

Cox is an established, privately owned, independent oil and gas company founded by fourth generation oilman, Brad E. Cox. The Company owns and operates assets in the Gulf of Mexico.

Since its inception in 2004, the Company has grown through the strategic acquisition and revitalization of mature oil and gas fields located in both the OCS and the shallow waters off the coast of Louisiana.

The section below outlines certain milestones in the history of the company.

Historical Timeline

Mr. Cox started the Company
Company is incorporated to manage and operate the existing oil and gas interests in the Gulf of Mexico
Developed the Pelican prospect at Quarantine Bay (SL 195 #365 well), discovering 5-7 MMbbls
Reported proved reserves of ~14 MMBOE
Craig Sanders joined as Chief Executive Officer
Purchased 19 Gulf of Mexico OCS fields from Chevron becoming one of the largest OCS operators
34,000 BOEPD (65% gas), 47 MMBOE PDP, 37 MMBOE workovers, 260 MMBOE unrisked new drills
Acquired interests in SL 195, SL 1349 and SL 15941 (at Quarantine Bay)
Post Hurricane Katrina, completely re-built and re-engineered operations; new equipment and infrastructure is more cost efficient
Rodney Dykes joined as Chief Operating Officer
Acquired additional working interests in Eloi Bay and Quarantine Bay from Halcon Resources
Reported net proved reserves of ~15MMBOE (94% oil)
Key development activities included: (i) converting SL 195 #365 10 sand behind pipe opportunity to PDP (~1 MMBOE reserves, 93% oil); and (ii) new drills of SL 16158 #3 and #4, adding wider back flow lines to increase production
Completed acquisition of certain interest in the Gulf of Mexico from Freeport-McMoRan, Inc.