Gulf of America

Fourth-largest oil and gas producer in the deep-water Gulf of America. Operates 8 strategically located deep-water floating platforms and produces from 14 active fields. Working interests in ~230 blocks covering ~0.8M net acres. 2025 production 132 Mboe/d from 96 gross wells with major equipment uptimes >99%. 2025 development capex $0.5B with low-risk infill drilling at Horn Mountain, Constitution, Lucius. Key working interests: Horn Mountain 100%, Holstein 100%, Marlin 100%, Lucius 67%, K2 Complex 51%, Caesar Tonga 34%, Constellation 33%. 2025 added 44 MMboe of improved-recovery reserves (largest single contributor); GOA contributed +19 MMboe of positive reservoir-performance revisions. GOA 2.0 program: artificial lift (gas-lift, ESPs) at Horn Mountain delivered highest-margin production; first water injection at Marlin Summer 2026, Horn Mountain 2027. ~47 MMboe transferred from PUD to PD in 2025.