Cobalt International Energy
|William P. Utt, Chairman
Timothy J. Cutt, CEO
David D. Powell, CFO
|1.28 thousand barrels of oil equivalent (7,800 GJ) per day (2016)|
|Revenue||$0.016 billion (2016)|
|-$2.343 billion (2016)|
|Total assets||$2.230 billion (2016)|
|Total equity||-$0.841 billion (2016)|
Number of employees
Cobalt International Energy, Inc. is a development stage petroleum exploration and production company headquartered in Houston, Texas. Cobalt International Energy Inc. filed for bankruptcy on December 14, 2017.
The company has reserves deepwater in the Gulf of Mexico and offshore Angola and Gabon in West Africa.
The company was founded in November 2005.
In 2012, the United States Department of Justice initiated an investigation into allegations that the company engaged in bribery in Angola, in violation of the Foreign Corrupt Practices Act. The investigation was closed in 2017.
In April 2013, James Painter, the president of the company, resigned.
Cobalt International Energy Inc. filed for bankruptcy on December 14, 2017 in the U.S. Bankruptcy Court in Houston. At the time, it had 82 workers, with 31 temporary workers and 19 independent contractors.
- "Cobalt International Energy, Inc. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- Yerak, Becky (December 14, 2017). "Cobalt International Energy Files for Bankruptcy". Wall Street Journal. New York City, New York.
- "Cobalt International Energy, Inc. Prices Initial Public Offering of Common Stock" (Press release). Business Wire. December 15, 2009.
- GELSI, STEVE (December 16, 2009). "Cobalt International IPO ends flat, raises $850 million". Marketwatch.
- Burgis, Tom (February 9, 2017). "US prosecutors end corruption investigation into Cobalt International Energy". Financial Times.
- Mann, Joshua (April 13, 2017). "Houston upstream energy president resigns". American City Business Journals.
- "Sonangol and Cobalt Announce US$1.75 Billion Transaction" (Press release). Business Wire. August 24, 2015.
- Mann, Joshua (November 2, 2016). "Houston E&P company seeks capital as it looks to divest Angolan assets". American City Business Journals.
- Pulsinelli, Olivia (May 31, 2016). "Local energy co. hires BHP's former Houston leader as CEO". American City Business Journals.