USA: Black Elk Energy Climbs to New Heights with Major GoM Offshore Acquisition


Black Elk Energy Offshore Operations, LLC, (“Black Elk”) an independent oil and gas company, announced today it closed a major transaction with JX Nippon Oil & Gas Exploration Corporation (NOEX) to acquire 27 properties in the Gulf of Mexico.

The NOEX transaction represents the fifth acquisition by Black Elk since 2008. The NOEX purchase includes 19 fields, with an estimated 15 million barrel equivalent (87 bcfe) of proven reserves, and probable upside in excess of 51 million barrel equivalents (304 bcfe). The acquisition gives Black Elk an aggregate interest in more than 650 wells on 111 platforms located across 406 thousand gross acres offshore and significantly enhances its position in the Gulf of Mexico. The NOEX acquired assets increase Black Elk’s net production from approximately 6,000 to 12,200 barrel oil equivalents per day or 73.2 million cubic feet gas equivalent per day (57% liquids).


“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. “We see an exciting future for our company as we continue to build a large, stable and diverse asset base to apply our experienced exploitation skills”. Future development of ultra deep shelf opportunities hold substantial resource potential and the acreage position opportunistically positions Black Elk to monetize these opportunities.

About Black Elk Energy

Black Elk Energy, LLC is an independent oil and gas company headquartered in Houston, Texas. Founded by seasoned industry executives, the company is dedicated to creating exceptional returns in oil and gas through acquisition and exploitation. Black Elk Energy has a distinctly different structure & culture with a commodity bias toward North American clean burning natural gas. Black Elk Energy leverages technological advances made in our industry while attentively learning from the successes and growth of those industry leaders from the past.

Source: BlackElkEnergy, October  5, 2010;

Share this article

Follow Offshore Energy Today

2 thoughts on “USA: Black Elk Energy Climbs to New Heights with Major GoM Offshore Acquisition”

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply