DALLAS, Jan. 4, 2016 /PRNewswire/ -- RAAM Global Energy Company has retained Blackhill Partners, an investment bank specializing in complex situations, as restructuring advisor to guide the company through a financial and operational reorganization.
RAAM is a privately held Delaware corporation engaged in the exploration, development, production, exploitation and acquisition of oil and natural gas properties. The company's producing assets are located offshore in the Gulf of Mexico and onshore in Louisiana, Texas, Oklahoma and California.
RAAM has retained Jim Latimer, managing director of Blackhill Partners, as chief restructuring officer (CRO) to manage the company's operations during its restructuring. Latimer has more than 30 years' experience in energy restructuring, with particular expertise in CRO, operational restructuring, and distressed mergers and acquisitions.
"Obviously RAAM is not alone. It's tough for energy producers everywhere," said Latimer. "The good news is that we have worked with RAAM's creditors to engineer a plan that should allow the company to emerge from bankruptcy stronger and leaner, with more capital available for drilling."
About Blackhill Partners
Headquartered in Dallas, Texas, Blackhill Partners, LLC is an investment bank specializing in complex situations. Blackhill's professionals have advised Fortune 500 and middle-market companies on over $100 billion of mergers, acquisitions, financings and restructurings across a broad range of industries, with particular depth in energy and industrial businesses. www.blackhillpartners.com
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SOURCE Blackhill Partners, LLC