RAAM Global Energy retains Blackhill Partners to assist with reorganization

By Mark Reccek

Bethlehem, Pa., Jan. 4 – RAAM Global Energy Co. secured Blackhill Partners LLC as restructuring advisor to help the company through its financial and operational reorganization, according to a Monday news release.

RAAM retained Jim Latimer, managing director of Blackhill Partners, as chief restructuring officer to manage the company's operations during its restructuring. According to the release, Latimer has more than 30 years of experience in energy restructuring, with an emphasis on chief restructuring officer, operational restructuring and distressed mergers and acquisitions.

"Obviously RAAM is not alone. It's tough for energy producers everywhere," Latimer said in the release. "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."

Blackhill is an investment bank specializing in complex situation.

RAAM, a Lexington, Ky.-based oil and gas company, filed for bankruptcy on Oct. 26. The Chapter 11 case number is 15-35615.

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