Gulf of Mexico

PXP Goes Deep Purchasing $6.1 Billion of Gulf of Mexico Producing Properties

September 10, 2012

In two separate transactions, Plains Exploration and Production (ticker: PXP) purchased approximately 67,000 BOEPD (combined 84% oil and NGLs) of Gulf of Mexico production for $6.1 billion. The largest chunk, 59,500 BOEPD, was purchased for $5.5 billion from BP (ticker: BP). The remaining 7,400 BOEPD was purchased from Shell (ticker: RDS.B) for $560 million. PXP News Release BP News Release

Callon Petroleum Poking Holes in West Texas

June 29, 2012

Callon Petroleum (ticker: CPE) continues to make headway on its drilling initiatives in the Permian Basin while acquiring additional running room and properties in the play. CPE operates all of its Permian acreage and has positions in both the Delaware Basin portion on the western side of the Permian and in the Midland Basin east of the Central Basin Platform.

Energy XXI Reports Fiscal Q3'12 Results; Reinstates Dividend Program

May 7, 2012

Energy XXI (NASDAQ: EXXI) announced fiscal Q3’12 operating and financial results for period ended March 31, 2012. The company reported fiscal Q3’12 net income of $82.5 million, or earnings per share of $1.04, compared to fiscal Q3’11 net income of $14.0 million, or earnings per share of $0.19, an increase of 487%. Revenues during the quarter totaled $336 million, an

VIDEO: Energy XXI Chairman and CEO John Schiller on Mad Money with Jim Cramer

April 11, 2012

On April 10, 2012, John Schiller, chairman and chief executive officer at Energy XXI (NASDAQ: EXXI) was interviewed on CNBC’s Mad Money with Jim Cramer. In an exclusive interview on the show’s Executive Decision segment, John highlights: EXXI’s realized oil prices averaging $2.00 to $3.00 per barrel above Brent Crude Oil prices (March 2012: the company averaged $125 per barrel

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

February 27, 2012

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more recently, EXXI has been unlocking additional production value and reserve growth through its organic drilling programs. Today, EXXI reported four

PXP Goes Deep Purchasing $6.1 Billion of Gulf of Mexico Producing Properties

Callon Petroleum Poking Holes in West Texas

Energy XXI Reports Fiscal Q3'12 Results; Reinstates Dividend Program

VIDEO: Energy XXI Chairman and CEO John Schiller on Mad Money with Jim Cramer

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

Premium Content