Search results for: Energy XXI

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  • 4 June 2014
    Business & Finance

    Energy XXI has completed the acquisition of EPL Oil & Gas (NYSE:EPL) for approximately $2.3 billion, making Energy XXI the largest publicly traded independent operator on the Gulf of Mexico shelf. The transaction included the assumption of approximately $805 million of EPL debt, net of cash, payment of approximately $1.02 billion in cash, and approximately […]

  • 10 April 2018
    Business & Finance

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

  • 14 April 2016

    Energy XXI, a U.S. Gulf of Mexico oil producer, has filed for bankruptcy protection in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The company entered Chapter 11, after it reached an agreement with some of its noteholders on the restructuring of the company. “Through the Chapter 11 restructuring, Energy […]

  • 20 February 2018

    Houston-based Energy XXI Gulf Coast is preparing for its most active drilling program since 2014 with plans to drill six wells in the Gulf of Mexico this year.  According to the company’s statement on Tuesday, its board of directors has approved a 2018 capital expenditure budget in the range of $145 million to $175 million. This […]

  • 21 March 2014
    Business & Finance

    Energy XXI has announced it was the apparent high bidder in 10 shallow-water blocks in the Central Gulf of Mexico Lease Sale 231, with a total investment of approximately $2.6 million. The bids are subject to approval by the U.S. Bureau of Ocean Energy Management. Eight blocks were bid solely by Energy XXI and included […]

  • 4 April 2017

    Blake International Rigs has secured a contract for its Blake Rig 651. The rig will mobilize to Energy XXI’s South Pass 77 “C” platform in the U.S. Gulf of Mexico. The initial contract term is for one well, which is scheduled to start in late April following a 30 day make ready period at Blake’s […]

  • 18 October 2017

    Houston-based oil company Energy XXI Gulf Coast has not sustained any significant damage due to Hurricane Nate but the company’s production at certain assets in the Gulf of Mexico remains reduced.  Due to Hurricane Nate’s course through the Gulf of Mexico, the company and third-party operators evacuated crews on October 5. The storm resulted in […]

  • 22 November 2010
    Business & Finance

    Energy XXI announced it has executed a purchase and sale agreement to acquire certain shallow-water Gulf of Mexico shelf oil and natural gas interests from affiliates of ExxonMobil for $1.01 billion. The assets are currently producing approximately 20,000 net BOE per day (BOE/d), about 53 percent of which is oil. Offshore leases included in the […]

  • 12 March 2014

    As a result of the merger, Energy XXI will become the largest public independent producer on the Gulf of Mexico shelf,

  • 25 August 2017
    Business & Finance

    Energy XXI Gulf Coast, an oil and gas company focused on the U.S. Gulf of Mexico, has appointed Tiffany “T.J.” Thom as the company’s chief financial officer effective August 28, 2017. The company said on Thursday that, due to Thom’s appointment, Hugh Menown resigned as executive vice president, chief accounting officer, and interim CFO to […]

  • 26 January 2015
    Exploration & Production

    An offshore support vessel (OSV) Connor Bordelon allided with a gas platform in the Gulf of Mexico on Friday (January 23). The Bureau of Safety and Environmental Enforcement (BSEE) confirmed the incident.  The BSEE responded to a damaged unmanned platform in South Timbalier (ST) Block 27 in the Gulf of Mexico approximately 5 miles south of […]

  • 19 April 2017
    Business & Finance

    Energy XXI Gulf Coast, an oil and gas company focused on the U.S. Gulf of Mexico, has appointed Douglas E. Brooks as Chief Executive Officer and President effective April 17, 2017.  The company’s previous CEO, John D. Schiller, left the position in February after which the role of an interim CEO was taken over by the […]

  • 20 March 2013

    Energy XXI has entered into an agreement with Apache Corp. to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. The area of mutual interest (AMI) includes several salt domes within a 135 block area. In addition, Energy XXI has acquired a 25 percent working […]

  • 2 April 2018
    Business & Finance

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

  • 15 June 2017

    U.S.-based oil and gas company Energy XXI Gulf Coast has spud its first development well of 2017 at the West Delta 30 field, in the Gulf of Mexico.  Aside from the well spud announcement, the company also said on Wednesday it recently implemented additional workforce reductions to lower its overhead costs and better align its staffing with […]

  • 1 July 2015
    Business & Finance

    Energy XXI has closed on the sale of the East Bay Field, located 89 miles southeast of New Orleans near the mouth of the Mississippi River, for $21 million to a private buyer. The field lies in water depths ranging up to approximately 170 feet. It consists of Blocks 24, 28 and sections of Blocks 11, […]

  • 30 June 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    CorEnergy has entered into a definitive agreement to acquire 100% of the Grand Isle Gathering System (GIGS), a subsea, midstream pipeline system with related onshore facilities serving oil-producing fields in the shallow portion of the Gulf of Mexico. CorEnergy has agreed to acquire the GIGS from Energy XXI for $245 million in cash. The GIGS […]

  • 19 December 2010
    Business & Finance

    Energy XXI  announced it has completed the previously announced purchase of certain shallow-water Gulf of Mexico shelf oil and natural gas interests from ExxonMobil and its affiliates. The acquisition nearly doubles the company’s reserves and production profile, adding approximately 20,000 net barrels of oil equivalent (BOE) per day of production, about 53 percent of which […]

  • 11 October 2018
    Business & Finance

    Energy XXI Gulf Coast (EGC) and Cox Oil LLC have agreed to postpone the closing date of the merger between the two companies by one week.

  • 23 June 2010
    Business & Finance

    Energy XXI has successfully installed and placed in service a bi-directional pipeline lateral between its Main Pass 61 and 73 fields offshore Louisiana, restoring more than 2,000 barrels of oil equivalent (BOE) per day of production that had been shut-in on April 6 by a rupture of the third-party-owned Cypress Pipe Line. The new lateral […]

  • 18 October 2018

    After a recent delay, Energy XXI Gulf Coast (EGC) and Cox Oil (Cox) are on Thursday expected to complete the previously announced merger deal.

  • 10 September 2018

    Energy XXI Gulf Coast (EGC) has entered into an amendment to the agreement and plan of merger with Cox Oil LLC.