Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas
March 12, 2014
The board of directors of Energy XXI (ticker EXXI) announced on March 12, 2014, the company acquired EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion in cash (65% of total consideration) and about 23.4 million common shares of Energy XXI (35%). The per-share consideration for EPL is $39, a 34%
