Dynamic Offshore acquires Beryl Oil & Gas

摘要

Privately held Dynamic Offshore Resources LLC, Houston, has acquired Gulf of Mexico-focused E&P Beryl Oil & Gas LP, Houston, for an undisclosed price in cash and debt assumption.Beryl, a privately held portfolio company of First Reserve Corp. and led by chief executive Stuart Burbach, had more than 90 billion cu. ft. equivalent of proved reserves at year-end 2008. Dynamic Offshore acquired an interest in 90 blocks in the central Gulf of Mexico shelf involving more than 20 fields, primarily in High Island, Vermihon, South Timbalier and Main Pass, and more than 200,000 acres of leases. The assets include an interest in more than 200 wells (65% operated).