Black Elk buys 27 GoM properties from JX Nippon

Black Elk Energy Offshore Operations LLC has acquired 27 Gulf of Mexico properties from JX Nippon Oil & Gas Exploration Corp.

Offshore staff

HOUSTON – Black Elk Energy Offshore Operations LLC has acquired 27 Gulf of Mexico properties from JX Nippon Oil & Gas Exploration Corp. The purchase includes 19 fields with an estimated 15 MMbbl equivalent in proved reserves, says Black Elk.

This brings Black Elk’s aggregate GoM interest to more than 650 wells on 111 platforms across 406,000 gross acres (1,643 sq km).

“This acquisition is a meaningful milestone for Black Elk as we close out year three of our offshore operations”, says John Hoffman, President and CEO of Black Elk Energy. “Future development of ultra deep shelf opportunities holds substantial resource potential and the acreage position opportunistically positions Black Elk to monetize these opportunities.”

10/05/2010

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