RAAM Global Energy Co. 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 of experience in energy restructuring, particularly in CRO, operational restructuring, and distressed mergers and acquisitions.