Energy XXI Company News

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Cox Oil to Buy Energy XXI Gulf Coast for $322 Million
Cox Oil snaps up Energy XXI Gulf Coast for $322 million, a 21% premium to its June 15 share price.
8:00 PM EST | June 17, 2018
Energy XXI Gulf Coast Names New CEO
Oil and gas producer Energy XXI Gulf Coast taps former Yates Petroleum CEO Douglas E. Brooks as the new head of its company.
8:00 PM EST | April 17, 2017
Houston Court Cuts into Delaware's Bankruptcy Business
When energy prices began to plummet nearly two years ago, oil companies with billions of dollars in debt followed a well-worn path to the busiest US Bankruptcy Court for large Chapter 11 cases, in Wilmington, Delaware.
8:00 PM EST | May 10, 2016
Chesapeake Gets Credit Lifeline But Troubles Remain
Chesapeake Energy stocks and bonds stage rally after lenders quash fears of a bankruptcy.
8:00 PM EST | April 14, 2016
Energy XXI Files for Bankruptcy
U.S. oil and gas producer Energy XXI Ltd files for bankruptcy protection, becoming one of the biggest casualties of the oil rout to date.
8:00 PM EST | April 13, 2016
Linn Energy Says Bankruptcy May Be 'Unavoidable'
Linn Energy LLC says a bankruptcy filing may be "unavoidable" as the struggling oil-and-gas producer stares at defaults on interest payments amid a slump in oil prices.
8:00 PM EST | March 14, 2016
Oil Boom Built on Junk Debt Sees $19B Default Wave
Investors face $19 billion in energy defaults as the worst oil crash in a generation leaves drillers struggling to stay afloat.
7:00 PM EST | March 10, 2016
Energy XXI Reaches Agreement with BOEM on Supplemental Bonding
Energy XXI has reached an agreement with BOEM regarding supplemental bonding requirements for Energy XXI and its subsidiaries.
8:00 PM EST | June 21, 2015
BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast
BSEE is sending investigators to investigate a damaged platform off the coast of Port Fourchon, Louisiana.
7:00 PM EST | January 22, 2015
Energy XXI to Buy EPL Oil & Gas for $1.53B
Energy XXI to pay $1.53 billion for EPL Oil & Gasin a deal that will see it become the largest public oil and gas producer on the US Gulf of Mexico shelf.
8:00 PM EST | March 11, 2014
Energy XXI Enters JV with Apache, Highlights GOM, La. Operations
Energy XXI announces a joint venture agreement with Apache and updates activities at its Gulf of Mexico and Louisiana operations.
8:00 PM EST | March 19, 2013
Energy XXI to Acquire GOM Assets from ExxonMobil
Energy XXI has executed a purchase and sale agreement to acquire certain shallow-water Gulf of Mexico interests from ExxonMobil.
8:00 PM EST | September 30, 2012
Workover Program Completed at Energy XXI's South Pass 89
The multi-well recompletion program at South Pass 89 (100% WI/ 82% NRI) in the Gulf of Mexico has been completed, Energy XXI reported.
8:00 PM EST | October 26, 2011
Energy XXI Returns Production to Pre-Storm Levels in GOM
"Our teams in the field did an excellent job in maintaining production levels during the latest storm," Chairman and Chief Executive Officer John Schiller said.
8:00 PM EST | September 20, 2011
Energy XXI Granted Operatorship on West Delta Fields
Energy XXI has been granted operatorship of the West Delta 30 and West Delta 73 fields.
8:00 PM EST | June 15, 2011
Energy XXI to Purchase Exxon GOM Fields for $1.01B
Energy XXI has executed a purchase and sale agreement to acquire certain shallow-water GOM interests from ExxonMobil for $1.01B.
7:00 PM EST | November 21, 2010
Energy XXI Shuffles Management
Energy XXI announced a streamlining of the organization through a realignment of its management team, to be effective July 23, 2010.
8:00 PM EST | July 20, 2010
Energy XXI Installs, Places Pipeline Offshore La.
Energy XXI has successfully installed and placed in service a bi-directional pipeline lateral between its Main Pass 61 and 73 fields.
8:00 PM EST | June 22, 2010
Energy XXI Sees 23% Increase in Production
Energy XXI announced fiscal third-quarter results for the period ended March 31, 2010 and provided an operational update.
8:00 PM EST | May 06, 2010
Energy XXI Declares Quarterly Preferred Stock Dividend
Energy XXI's Board of Directors declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock.
7:00 PM EST | February 24, 2010
Energy XXI Encouraged by E&P Success During 4Q
"The past four months have been the most momentous period in the company's history," Energy XXI Chairman and CEO John Schiller said.
7:00 PM EST | February 01, 2010
McMoRan Logs Additional Pay at Davy Jones
McMoRan has logged 65 net feet of additional pay at its Davy Jones ultra-deep well in the Gulf of Mexico.
7:00 PM EST | January 19, 2010
Natural Gas Find May Spur Interest in Shallow Gulf Waters
Mostly left for dead years ago by Big Oil, the shallow waters of the Gulf of Mexico are likely to get a second look by companies of all sizes after word Monday of what may be one of the largest discoveries in the area in decades.
7:00 PM EST | January 11, 2010
McMoRan Makes Ultra-Deep Discovery at Davy Jones
McMoRan has made a discovery on its Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in approximately 20 feet of water.
7:00 PM EST | January 10, 2010
Energy XXI Updates on Overallotment Option for Stock Offering
Energy XXI has received net proceeds of approximately $7.4 million from its common stock offering, after deducting underwriting discounts and commissions.
7:00 PM EST | December 28, 2009
Energy XXI Seals Deal for Core Operated GOM Oil Properties
Energy XXI has completed the acquisition of certain Gulf of Mexico shelf oil and natural gas interests from MitEnergy Upstream LLC, a subsidiary of Mitsui.
7:00 PM EST | December 21, 2009
Energy XXI Wraps Up Concurrent Public Offerings
Energy XXI has completed its previously announced concurrent public offerings of common stock and convertible perpetual preferred stock.
7:00 PM EST | December 14, 2009
Energy XXI Prices $271MM in Concurrent Offerings
Energy XXI announced the pricing of its previously announced concurrent offerings of $171 million (90 million shares) of its common stock and $100 million (1 million shares) of 7.25% convertible perpetual preferred stock.
7:00 PM EST | December 08, 2009
Energy XXI Commences Concurrent Stock Offerings
Energy XXI has commenced, subject to market conditions, concurrent underwritten public offerings of 90 million shares of its common stock and $75 million of convertible perpetual preferred stock.
7:00 PM EST | November 30, 2009
Mitsui Confirms $283MM GOM Asset Sale
Mitsui confirmed that its U.S. subsidiary, MitEnergy, has entered into a purchase and sale agreement to divest all of its Gulf of Mexico oil and gas assets to Energy XXI for $283 million.
7:00 PM EST | November 23, 2009
Energy XXI Takes Bigger Bite of GOM Oil Assets
Energy XXI has executed a conditional agreement to acquire certain Gulf of Mexico shelf oil and natural gas interests from MitEnergy Upstream LLC, a subsidiary of Mitsui, for $283 million.
7:00 PM EST | November 22, 2009
Energy XXI Posts Fiscal First-Quarter Results
Energy XXI has announced fiscal first-quarter results for the period ended Sept. 30, 2009 and has provided an operational update.
7:00 PM EST | November 02, 2009
Energy XXI Further Extends Expiration Date for Exchange Offer
Energy XXI Gulf Coast has extended the expiration date of its previously announced exchange offer and consent solicitation in respect of its 10% Senior Notes due 2013.
8:00 PM EST | October 20, 2009
Energy XXI Makes Headway at Main Pass 61 Offshore Louisiana
Energy XXI has successfully drilled and is working to complete three development wells at the Main Pass 61 oil field.
8:00 PM EST | October 12, 2009
Energy XXI Gulf Coast Further Extends Expiration Date
Energy XXI Gulf Coast has extended the expiration date of its previously announced exchange offer and consent solicitation in respect of its 10% Senior Notes due 2013.
8:00 PM EST | October 12, 2009
Energy XXI Announces 2nd Extension of Expiration Date
Energy XXI Gulf Coast has extended the expiration date of its previously announced exchange offer and consent solicitation in respect of its 10% Senior Notes due 2013.
8:00 PM EST | October 07, 2009
Energy XXI Gulf Coast Extends Expiration Date for Exchange Offer
Energy XXI Gulf Coast has extended the expiration date of its previously announced exchange offer and consent solicitation in respect of its 10% Senior Notes due 2013.
8:00 PM EST | October 04, 2009
McMoRan Reports on New Gulf of Mexico E&P Activities
McMoRan has updated its Gulf of Mexico exploration and production activities, including new partner arrangements, updates on in progress wells at the Davy Jones ultra-deep prospect and the Blueberry Hill and Sherwood deep gas prospects.
8:00 PM EST | September 23, 2009
Energy XXI Gulf Coast Amends Debt Exchange Offer, Consent Solicitation
Energy XXI Gulf Coast has amended its previously announced exchange offer and consent solicitation in respect of its 10% Senior Notes due 2013.
8:00 PM EST | September 20, 2009
Energy XXI Reports Fiscal Year-End Results, Capital Budget Data
Energy XXI has announced fiscal fourth-quarter and full-year financial and operating results for the period ended June 30, 2009, and reviewed its fiscal 2010 capital program and expectations.
8:00 PM EST | September 03, 2009
McMoRan Makes Headway at Gulf of Mexico Prospects
McMoRan has updated its Gulf of Mexico exploration activities, including new partner arrangements, updates on in progress wells at the Davy Jones ultra-deep prospect and the Blueberry Hill and Sherwood deep gas prospects.
8:00 PM EST | September 02, 2009
Energy XXI, Yuma Hit Paydirt at Cote de Mer Prospect in Louisiana
Yuma has announced results from testing the McIlhenny No. 1 ST2 well on the Cote de Mer Prospect in Vermilion Parish, Louisiana.
8:00 PM EST | June 25, 2009
McMoRan Updates on Gulf of Mexico E&P Activities
McMoRan updates on results from the Ammazzo exploratory well, drilling at the Cordage and Blueberry Hill deep gas prospects, plans for Davy Jones and the Blackbeard West ultra-deep prospects.
8:00 PM EST | May 26, 2009
Energy XXI Posts Fiscal Third Quarter Financial, Operational Results
"Energy XXI grew production 8 percent over the December quarter without the anticipated resumption of hurricane-affected volumes," Energy XXI Chairman and CEO John Schiller said.
8:00 PM EST | May 05, 2009
Energy XXI Receives Borrowing Base Redetermination Set at $240MM
Energy XXI has announced completion of its customary semi-annual redetermination of the borrowing base under its revolving credit facility, which has been set at $240 million.
8:00 PM EST | March 25, 2009
Energy XXI All Smiles after 'Apparent Success' at Central GOM Sale
Energy XXI is the apparent high bidder on both blocks the company sought in today's Outer Continental Shelf Lease Sale 208.
8:00 PM EST | March 17, 2009
Energy XXI Hits Paydirt at Cote de Mer Prospect in Louisiana
Energy XXI has identified significant incremental natural gas pay sands at its Cote de Mer prospect in Vermilion Parish, Louisiana, lifting the discovery's resource potential to between 89 billion and 108 billion cubic feet equivalent.
8:00 PM EST | March 16, 2009
Energy XXI Partially Monetizes Hedges
Energy XXI (Bermuda) Limited announced the early settlement of certain oil and natural gas hedges. Net proceeds of $66.5 million are expected to be used to reduce borrowings under the company's secured revolving credit facility.
8:00 PM EST | March 11, 2009
Energy XXI Declares Regular Quarterly Cash Dividend
Energy XXI has declared a regular quarterly cash dividend on the company's common stock.
7:00 PM EST | February 09, 2009
Energy XXI Restores GOM Production in Q2, Drilling Ahead in Louisiana
Operationally, Energy XXI has made solid progress restoring production volumes in the wake of the recent hurricanes, and our exploration program continues to offer significant reserve growth potential, said the Company's Chairman and CEO.
7:00 PM EST | February 09, 2009