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.

Stock Quote: EXXI(NASDAQ)

Energy XXI (NASDAQ: EXXI) 4:00 PM ET on Feb 3, 2012
Last Price Change Open Day High 52-Week High
35.25
 0.64 up  (1.85%) 35.39 36.00 37.20
Volume Previous Close Day Low 52-Week Low
1,899,600 34.61 35.10 18.79

 
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