[Context: EnVen Corporation, backed by EIG and Sankaty, announced a $425m offshore Gulf of Mexico asset buy from Royal Dutch Shell on August 30.  In January, EnVen disclosed in a presentation at the IPAA Private Capital Conference that it had an enterprise value of $412m with around 20,000 boepd of production and 1P reserves of 33.7 million boe.]

Shell Divests Gulf Of Mexico Assets For $425 Million Plus Royalty Interests; Deal Marks Progress Against Divestment Target

HOUSTON, Aug. 30, 2016 /PRNewswire/ — Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen Energy Corporation, through its affiliate EnVen Energy Ventures, LLC.

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