Mariner Completes Acquisition of GOM Shelf Operations from StatoilHydro

Mariner Energy, Inc. has closed its previously announced acquisition of an operating subsidiary of Hydro Gulf of Mexico, Inc., a subsidiary of StatoilHydro ASA, which owns substantially all of StatoilHydro's Gulf of Mexico shelf operations. In connection with the financing of this acquisition, Mariner amended its secured credit facility to increase maximum credit availability to $1 billion, subject to an increased borrowing base of $750 million as of January 31, 2008, and extended the facility's term to January 31, 2012.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Global Business Development Manager
Expertise: Business Development
Location: Houston, TX
 
United States Canonsburg: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Canonsburg, PA
 
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours