Black Elk expands its presence in GoM

Black Elk Energy Offshore Operations LLC says it will acquire 40 fields with current production of approximately 8,200 net boe/d.

Offshore staff

HOUSTON – Black Elk Energy Offshore Operations LLC says it has closed on its purchase and sale agreement with a private equity company to acquire 40 fields with current production of approximately 8,200 net boe/d.

The acquisition includes a geographically diversified set of Gulf of Mexico assets with significant proved non-producing and proved undeveloped opportunities. The transaction represents the eighth acquisition by Black Elk since 2008. The purchase includes 399 wells, with an estimated 20 net MMboe of proven reserves.

06/10/11

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