Dynamic acquires additional Gulf properties
Dynamic Offshore Resources, LLC says it has acquired additional Gulf of Mexico Shelf properties from a private seller.
HOUSTON – Dynamic Offshore Resources, LLC says it has acquired additional Gulf of Mexico Shelf properties from a private seller.
The acquisition adds eight fields to Dynamic’s asset base, the most prominent of which includes a 100% interest in Vermillion Block 272 Field and a 50% interest in High Island Block 52 Field. Current net production from the properties is approximately 4,500 boe/d, some 60% of which is oil. Dynamic will operate over 67% of the newly acquired reserves.
These newly acquired properties comprise interests in 16 federal and state blocks encompassing over 22,000 net acres, the majority of which is held by production. The acquisition includes interests in 32 producing wells and nine platforms in water depths ranging from 30 ft to 175 ft, and with typical Shelf infrastructure consistent with the rest of Dynamic’s assets.