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EnerCom's 360 Report




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 246 million barrels of oil equivalent (BOE) of proved reserves and about 60,000 BOE per day of production, 72% of which is oil. Energy XXI operates approximately 96% of its proved reserves, with 447 wells in 60 producing fields. The company’s core properties are located in coastal and offshore Louisiana.


Press Releases by EXXI