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 exploration program designed to provide organic growth for the future. Energy XXI completed five major acquisitions totaling approximately $2.5 billion since its founding in October 2005, creating a company with more than 116 million barrels of oil equivalent (BOE) of proved reserves and about 42,000 BOE per day of production, 67% of which is oil. Energy XXI operates or has an interest in 7 of the 11 largest oil fields in the Gulf of Mexico. The company’s core properties are located in coastal and offshore Louisiana.
AIM Disclosures
This website complies with AIM Rule 26 and was updated for such compliance on June 30, 2009
Energy XXI is incorporated in Bermuda rather than the United Kingdom. Therefore, the rights of shareholders will be governed by Bermudan law and may be different from the rights of and the duties owed to shareholders in a U.K. incorporated company.
show all
hide allCOMPANY INFORMATION
-
Description of the Business Updated Jun 2009
-
Country of Incorporation & Operation Updated Jun 2009
-
View Presentation
Earnings Call
