Houston, Texas — December 15, 2009 — Cobalt International Energy, Inc. (“Cobalt”) announced the initial public offering of 63,000,000 shares of its common stock at $13.50 per share. The shares will begin trading on the New York Stock Exchange on December 16, 2009 under the ticker symbol “CIE.”.....

Leasing and Development of the Oil and Gas Resources on the Outer Continental Shelf By James Farnsworth, President and Chief Exploration Officer Cobalt International Energy, L.P.

What is causing the decline in exploration volumes discovered, especially over the past 25 years?