Energy XXI Updates Merger
October 11, 2018
Energy XXI Gulf Coast Provides Update on Merger With Affiliates of Cox Oil LLC
Energy XXI Prepares 2018 CapEx of $145-$175 Million
February 20, 2018
Energy XXI Gulf Coast, Inc. (ticker: EXXI) has approved a 2018 capital expenditure budget in the range of $145-$175 million, which includes funding of EGC’s most active drilling program since 2014, as well as recompletions, facilities improvements, plugging and abandonment (P&A) expenditures and other capital investments. CEO and President Douglas E. Brooks said, “We have contracted a rig that is
EnerCom’s 2017 Conference Day Two Breakout Notes: Energy XXI
August 15, 2017
Energy XXI Breakout Notes Scott Heck, COO of Energy XXI., (ticker: EXXI) presented today at EnerCom’s The Oil & Gas Conference® 22. Energy XXI is a Gulf of Mexico focused oil producer with 439,294 net acres and an additional 143,208 undeveloped net acres. The company is undertaking completions activities on existing wells, with over 100 identified completions projects. During its
Energy XXI Joins Russell 3000®
June 14, 2017
Energy XXI Gulf Coast (ticker: EXXI) has been scheduled to join the Russell 3000® index on June 26th, 2017. The Russell 3000® Index is an index weighted by market capitalization, primarily for companies that display above average growth. Energy XXI Gulf Coast is presenting at EnerCom’s The Oil & Gas Conference® 22 Energy XXI will be a presenting company at
Energy XXI: Recompleting in the Gulf, Building for the Future
June 9, 2017
Since the finalization of its restructuring on December 30th, 2016, Energy XXI Gulf Coast (ticker: EXXI) has begun taking steps to bring additional production online and optimize existing production. EXXI in the GOM Energy XXI itself is focused solely on operations in the Gulf of Mexico, where it holds 109.4 MMBOE of proved reserves, of which 80% is oil, 2%
Energy XXI Gulf Coast Plans to Spud Development Well in June
May 22, 2017
Energy XXI Gulf Coast releases Q1 results Energy XXI Gulf Coast, Inc. (ticker: EXXI), the post-bankruptcy incarnation of Gulf of Mexico operator Energy XXI, reported operational and financial results for the first quarter of 2017. Highlights: Produced an average of approximately 41,000 barrels of oil equivalent (“BOE”) per day in the first quarter of 2017, of which 71% was oil Reported
Energy XXI Gulf Coast Appoints Douglas E. Brooks President and CEO
April 20, 2017
Energy XXI Gulf Coast, Inc. (ticker: EXXI) has appointed Douglas E. Brooks as its CEO and president, effective April 17, 2017, the company announced in a news release. The Energy XXI Gulf Coast Board of Directors concurrently increased the size of the board from six to seven directors and named Brooks to fill the newly-created directorship. Brooks served most recently as the CEO for Yates Petroleum Corporation, a
Energy XXI Lowers LOE by 30%, G&A by 36%
September 29, 2015
Energy XXI announces fiscal year-end results Houston-based Energy XXI (ticker: EXXI) announced its 2015 year-end fiscal results today. According to a press release from the company, production remained stable into fiscal first quarter at approximately 58 MBOEPD (71% oil weighted), while the company lowered per barrel costs through a 30% reduction in LOE and a 36% reduction in G&A. For
Energy XXI – Day One Breakout Notes
August 17, 2015
John D. Schiller, Jr., Chairman, President and Chief Executive Officer of Energy XXI (ticker: EXXI), presented today at EnerCom’s The Oil & Gas Conference® 20. Energy XXI is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company’s properties are located in the offshore Gulf of Mexico and
Energy XXI Closes $266 Million in Asset Sales, Updates Operations
July 1, 2015
Liquidity Pushing $1 Billion Energy XXI (ticker: EXXI) announced its second asset sale in the last 10 days in a company press release on July 1, 2015. The Gulf Coast operator closed on its East Bay Field for $21 million and will retain a 5% overriding royalty interest for no more than five years, along with a 50% interest for
Energy XXI Bolsters Balance Sheet with $245 Million Sale, Reaches Agreement with BOEM
June 22, 2015
Energy XXI (ticker: EXXI), one of the largest operators in the Gulf of Mexico, announced significant liquidity-enhancing measures in two separate press releases on June 22, 2015. The first announcement, released prior to market opening, confirmed an agreement with the Bureau of Ocean Energy Management (BOEM) regarding supplemental bonding requirements. As explained by Capital One Securities, “In April, EXXI received
Energy XXI – Day One Breakout Notes
August 14, 2012
Energy XXI (EXXI) Chairman and Chief Executive Officer, John Schiller, presented today at EnerCom’s The Oil & Gas Conference® 17. Energy XXI has implemented an “acquire and exploit” growth strategy to build a geographically focused portfolio with some of the highest per-unit margins in the industry. The company has focused on developing the acquired properties while ramping up a complementary
