Private company

Cobalt International Energy

Logo: cobaltintl.com5

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, 2017.3 It was founded in 2005.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

2005Founded1
  • Industrypetroleum industry1
  • HeadquartersHouston1
  • Websitewww.cobaltintl.com
  • Legal formDelaware corporation1
  • Listed onNew York Stock Exchange1
  • Business addressCobalt Center, 920 Memorial City Way, Suite 100, Houston, Tx 770246
  • Filer categoryAccelerated filer6
  • LEI549300LQHH5G4WPME2414
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 47250164

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Cobalt International Energy image from its website
Image: cobaltintl.com8

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, 2017.3

What it owns

What Cobalt International Energy reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$9.8M9 Dec 31, 2017$8.4M9 Dec 31, 2016+16.6%
Property and equipment, net$2.5M9 Dec 31, 2017$3.9M9 Dec 31, 2016−35.9%
Oil and gas properties$916.9M9 Dec 31, 2017$1.1B9 Dec 31, 2016−15.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$431.6M9 Dec 31, 2017$613.5M9 Dec 31, 2016−29.6%
Marketable securities, current$340.4M9 Dec 31, 2016$1.2B10 Dec 31, 2015−71.3%

The story

The company was founded in November 2005.

In December 2009, the company became a public company via an initial public offering, raising $850 million.

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.

In 2015, the company reached an agreement to sell its Angolan assets for $1.75 billion to Sonangol Group. However, the deal fell through after Isabel dos Santos took over the company.

In May 2016, Timothy J. Cutt, formerly of BHP, was named chief executive officer of the company.

Cobalt International Energy 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.

To the dismay of many, on April 10, 2018 Cobalt International Energy terminated shareholders interest in the company as part of the bankruptcy agreement.

From Wikipedia’s article on Cobalt International Energy, shared under CC BY-SA 4.0.7

Leadership

Who has led Cobalt International Energy, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph H. Bryant2009–2016
  2. Timothy J. Cutt2016–2017

Chair

  1. Joseph H. Bryant2009–2016

President

  1. Rodney M. Skaufel2016–2017
  2. James H. Painter2017

Chief financial officer

  1. Rodney Lynn Gray2009
  2. John P. Wilkirson2010–2015
  3. Shannon E. Young Iii.2015–2016
  4. David D. Powell2016–2017

Chief operating officer

  1. Van P. Whitfield2011–2016
2010201520202025
Board members and other officers (33)

Products and brands

The company has reserves deepwater in the Gulf of Mexico and offshore Angola and Gabon in West Africa.

The company owns a 9.375% working interest in the Heidelberg field, approximately 140 miles south of Port Fourchon off the Louisiana coast, which is operated by Anadarko Petroleum.

From Wikipedia’s article on Cobalt International Energy, shared under CC BY-SA 4.0.7

Timeline

  1. Dec 14, 2017Dissolved Dissolved1
  2. Jul 5, 2016New chief executive Timothy J. Cutt becomes CEO11
  3. Dec 16, 2009New chief executive Joseph H. Bryant becomes CEO12
  4. 2005Founded Founded1

SEC filer profile

How Cobalt International Energy is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCobalt International Energy, Inc.2
  • CIK0001471261
  • Employer ID (EIN)27-08211692
  • Filer statusAccelerated filer2
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • Business addressCobalt Center, 920 Memorial City Way, Suite 100, Houston, TX 770242
  • Phone(713) 579-91002
  • Shares outstanding29,924,817 as of Jan 31, 20189
  • Public float$66.6M as of Jun 30, 20179
  • On EDGAR sinceSep 4, 20092
  • Filings771 in all: 4 (435), 8-K (97), 3 (45), SC 13G/A (37), 10-Q (24), CORRESP (16), UPLOAD (16), SC 13G (15)2
    All 38 form types

    10-K (9), DEF 14A (8), ARS (6), S-8 (6), S-8 POS (6), 424B3 (4), 424B5 (4), 5 (4), DEFA14A (4), FWP (4), S-1/A (4), EFFECT (3), 4/A (2), 424B4 (2), 424B7 (2), 8-K/A (2), CT ORDER (2), S-3ASR (2), 15-12B (1), 25-NSE (1), 305B2 (1), 424B1 (1), 8-A12B (1), CERTNYS (1), POS AM (1), PRE 14A (1), S-1 (1), S-3 (1), S-3/A (1), SC 13E3/A (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2018
    Quarterly report (10-Q) Nov 2, 2017
    Proxy statement (DEF 14A) Mar 23, 2017
    Latest 8-K (8-K) Feb 22, 2018

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