Fieldwood plans financing for Gulf of Mexico Shelf business purchase

By Sara Rosenberg

New York, July, 18 - Fieldwood Energy LLC has received a commitment for new financing to help fund its acquisition of Apache Corp.'s Gulf of Mexico Shelf business for $3.75 billion, according to a news release.

Citigroup Global Markets, J.P. Morgan Securities LLC, Deutsche Bank, BofA Merrill Lynch and Goldman Sachs Bank USA are leading the financing.

Fieldwood is a Houston-based acquirer and developer of conventional oil and gas assets.

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