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
Q3 highlights Produced an average of approximately 32,600 BOEPD, of which 77% was oil; weather reduced production an average of approximately 1,200 BOEPD EXXI reported a net loss of $31.6 million or ($0.95) loss per diluted share Potential 2018 drilling program Total revenues for Q3 was $117 million EXXI reported eight recompletions, finished in the first nine months of 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
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