The assets include three operated fields and onenon-operated field in the Eugene Island, Ship Shoal and South Timbalier areas,and will cut $30 million from the company’s $243 million in plug andabandonment obligations.
Black Elk did not disclose a sale price.
Net production is about 950 barrels of oil equivalent perday, with 90% oil.
Current production is at about 13,000 net boepd, with twosuccessful wells drilled so far in 2013 expected to add 1000 boepd by the firstpart of May.
The
