September 17, 2012 / 10:13 AM / 5 years ago

EPL Oil & Gas to buy US Gulf assets for $550 mln

Sept 17 (Reuters) - EPL Oil & Gas Inc said it will buy some shallow water oil and natural gas assets in the Gulf of Mexico from privately held Hilcorp Energy for $550 million.

The assets are producing about 10,000 barrels of oil equivalent per day, with 50 percent of the output being oil.

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