RAAM Global Energy Co. retained Blackhill Partners investment bank as restructuring adviser during its financial and operational reorganization, the company said Jan. 4.
RAAM’s producing assets are in the Gulf of Mexico and onshore in Louisiana, Texas, Oklahoma and California.
As the chief restructuring officer, Jim Latimer, managing director of Blackhill, will manage RAAM’s operations. Latimer has more than 30 years' experience in energy restructuring, including operational restructuring, distressed M&A and working as chief restructuring officer.
Latimer said RAAM should emerge from bankruptcy will more capital available for drilling.
Blackhill Partners LLC is based in Dallas.
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