Energy XXI is looking to speak with both Private Equity and strategic corporations that are interested in exploring multi-year partnership programs that will include an investment of up to $100Million annually. With the massive amount of exploration opportunities within Energy XXI's portfolio, we co…
Energy XXI is looking to speak with both Private Equity and strategic corporations that are interested in exploring multi-year partnership programs that will include an investment of up to $100Million annually. With the massive amount of exploration opportunities within Energy XXI's portfolio, we could easily increase our annual exploration spend from $100Million to $250Million by establishing partnerships for specific projects.
Energy XXI, since its inception, has implemented an “acquire and exploit” growth strategy to build a geographically focused portfolio in the shallow waters of the Gulf of Mexico. Energy XXI, because of its focus on oil, has some of the highest per-unit margins in the industry. The company is focused on development of oil and gas fields, while ramping up a complementary exploration program designed to provide organic growth for the future. Energy XXI operates five of the top 15 oil fields on the Gulf of Mexico shelf, more than any other operator.
Energy XXI has completed five major acquisitions totaling approximately $2.5 billion since being founded in 2005, creating a company with approximately 179 million barrels of oil equivalent (BOE) in proved reserves. Reserves are approximately 75 percent liquids, of which 95% is crude oil. Production, on a BOE basis, averages between 46,000 to 50,000 BOE per day, with nearly 65% being crude oil.
Team (1)
Sectors Energy XXI serves:
Energy & Utilities
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