RAAM Global Energy Co. retained Blackhill Partners investment bank as restructuring adviser during its financial and operational reorganization, the company said Jan. 4.
RAAM’s producing assets are in the Gulf of Mexico and onshore in Louisiana, Texas, Oklahoma and California.
As the chief restructuring officer, Jim Latimer, managing director of Blackhill, will manage RAAM’s operations. Latimer has more than 30 years' experience in energy restructuring, including operational restructuring, distressed M&A and working as chief restructuring officer.
Latimer said RAAM should emerge from bankruptcy will more capital available for drilling.
Blackhill Partners LLC is based in Dallas.
Recommended Reading
E&P Highlights: July 29, 2024
2024-07-29 - Here’s a roundup of the latest E&P headlines including Energean taking FID on the Katlan development project and SLB developing an AI-based platform with Aker BP.
E&P Highlights: July 10, 2024
2024-07-10 - Here’s a roundup of the latest E&P headlines including TotalEnergies exiting South Africa to focus on opportunities in Namibia.
The EPC Market Keeps Its Head Above Water
2024-08-06 - While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.
Interoil to Boost Production in Ecopetrol Fields
2024-09-03 - Interoil will reopen shut-in wells at three onshore fields, which are under contract by Ecopetrol.
Chevron Boosts Oil, NatGas Recovery in Gulf of Mexico
2024-09-03 - Chevron’s Jack/St. Malo and Tahiti facilities have produced 400 MMboe and 500 MMboe, respectively.