Energy XXI Gulf Coast, Inc. (ticker: EGC) said that it has entered into an amendment to the Agreement and Plan of Merger to provide for the closing date of the merger with Cox Oil affiliates to occur on October 10, 2018. Cox Oil is an independent, privately-held entity that owns and operates assets in the Gulf of Mexico. The amendment also provides
Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) has signed a definitive agreement to be acquired by a privately held Cox Oil affiliate that owns and operates assets in the Gulf of Mexico. Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million, representing
Earlier today Energy XXI Gulf Coast (ticker: EXXI) reported financial and operational results for the fourth quarter and full year 2017. In addition, the company announced that it will change its Nasdaq ticker symbol on March 21, 2018, from EXXI to EGC. Highlights from Q4 2017 Produced an average of approximately 27,600 barrels of oil equivalent (“BOE”) per day (77%
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
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