Energy XXI (EXXI) Chairman and Chief Executive Officer, John Schiller, presented today at EnerCom’s The Oil & Gas Conference® 17. 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 50,000 BOE per day of current production, 70% 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.

 During the company’s breakout session, management was asked the following questions:

  • Have you learned anything new on your Ship Shoal Block 188?
  • Can you talk more about your horizontal drilling for the next year?
  • What are the sizes of the acquisitions you’re looking at?
  • Do you anticipate drilling in deeper zones?
  • Why do you choose to hedge $3.00 collars versus $2.00 collars?
  • Do you worry about faulting on the deep wells?
  • Do you anticipate some of the onshore to result in oil?
  • Where do you see yourself in 2017?
  • Can you describe the production profile for Don Tomas?

Click here for Energy XXI’s webcast.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.

Legal Notice