Helix Energy Solutions Group, Inc. (HLX) Reports Possible Divestment of Oil and Gas Properties
Helix Energy Solutions Group, Inc. reported that it has contracted with an advisory group to help assist in the evaluation of the divestment of the company’s oil and gas properties. The company did not put a time frame on the possible divestment. Helix Energy Solutions Group, Inc. has also hired an outside petroleum reservoir consulting and engineering firm to reevaluate the value of its oil and gas reserves as of 6/30/2010, in anticipation of a sale. Helix Energy Solutions Group, Inc. said that the amount of proved reserves would be down markedly from the level reported at the end of…