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Northstar Offshore Group Picks Up GOM Leases

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October 19, 2012

Northstar Offshore Group LLC (NOG) announced the completion of two shallow water acquisitions in the Gulf of Mexico (GoM) from private sellers, for a combined total of $160 million.

Northstar acquired the Creole field, located in West Cameron blocks 2 and 3 in the shallow state waters of Louisiana. Northstar also acquired a group of shallow water properties located in the federal waters of the GoM's central region.

Northstar gains a combined 27 blocks, 14 producing fields (of which seven are operated), with a combined 7.4 MMBOE net proved reserves ...

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