PE-Backed Renaissance Buys Black Elk Energy Assets
April 15, 2013
Renaissance Offshore, a Quantum Energy Partners portfolio company, has acquired four non-core assets of Black Elk Energy, a Houston-based oil and gas company. The sale consisted of one non-operated and three operated fields in the Eugene Island, Ship Shoal and South Timbalier areas with net production of approximately 950 barrels of equivalent per day. The acquisition is Renaissance's third since its inception in December 2011 and builds production to approximately 2,750 barrels of oil per day. Quantum helped found the company to acquire and redevelop legacy oil properties on the Gulf of Mexico shelf.