Energy XXI adds new board member

Houston-based Energy XXI Gulf Coast has appointed a new member to the company’s board of directors.

Energy XXI said on Tuesday that Gabriel L. Ellisor joined the company’s board, effective April 6, 2018.

According to the company, Ellisor has over twenty years of experience in the finance sector of the oil and gas industry. He currently serves as a director for SilverBow Resources and Salt Creek Midstream.

Previously, he served as the chief financial officer (CFO) of Three Rivers Operating Company II from July 2012 to February 2015 and as the CFO for Three Rivers Operating Company I from 2010 to 2012. These entities were acquisition vehicles focused on the Permian and both sold in less than five years for aggregate proceeds exceeding $2.25 billion.

Before joining Three Rivers, Ellisor was a principal at Rivington Capital Advisors from 2008 to 2010 where he specialized in raising private capital and providing merger and acquisition advisory services for the energy sector.

He also held various positions during his career at First Interstate Bank, Wells Fargo, and BNP Paribas.

Douglas E. Brooks, Energy XXI’s president and CEO, said: “On behalf of our company, we would like to welcome Gabe Ellisor to our board and as chair of the board’s Audit Committee.

“His valuable experience as a former CFO for two E&P companies, his service as a board member and Audit Committee chair of a publicly-traded onshore oil and gas company and his background in the banking industry with oil and gas mergers and acquisitions and financings will bring added depth and perspective to our board.”

It is worth reminding that Energy XXI recently named Gary C. Hanna as the chairman of the company’s board of directors.

In related news, the company said earlier this year it was preparing for its most active drilling program since 2014 with plans to drill six wells in the Gulf of Mexico this year.