Dynamic Offshore Resources acquires Beryl Oil and Gas
Oct. 14, 2009
Dynamic Offshore Resources has acquired Beryl Oil and Gas. The company will be operated as a subsidiary of Dynamic.
Offshore staff
HOUSTON -- Dynamic Offshore Resources has acquired Beryl Oil and Gas. The company will be operated as a subsidiary of Dynamic.
Including the Beryl acquisition, Dynamic has interests in over 550 producing wells and 200 offshore blocks covering nearly 400,000 net acres in the Gulf of Mexico. Beryl's recent production has averaged over 55 MMcfe/d and should increase through year-end 2009 as repairs are completed to third-party pipelines and facilities. In addition to a substantial proved reserve base, the Beryl assets offer upside potential attributable to several high impact prospects, including prospects currently being pursued by Dynamic, the company says.
