Black Elk Buys

The deal includes 40 fields featuring 399 wells in geographically diversified set of Gulf of Mexico assets.

Privately held, Houston-based Black Elk Energy Offshore Operations LLC has acquired assets in the Gulf of Mexico from an undisclosed private-equity company for an undisclosed price.

The deal includes 40 fields featuring 399 wells in geographically diversified set of Gulf of Mexico assets. Production is approximately 8,200 net barrels of oil equivalent per day. Proved reserves are 20 million net barrels equivalent.

This is the eighth acquisition by Black Elk since 2008.

Black Elk president and chief executive John Hoffman says, "This acquisition shifts Black Elk Energy into the next level within the oil and gas industry. Black Elk has once again doubled in size within a very short time frame and this acquisition moves us into the top quartile of private E&P producers within the United States."