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 conducted in New Orleans by the U.S. Minerals Management Service (MMS). The bids are subject to review and approval by the MMS.

Energy XXI bid a total of $472,000 for 100 percent working interests in two blocks within its core operating region, offshore Louisiana. The subject blocks are Main Pass 63, which is directly adjacent to the company's Main Pass 61/72 fields, and West Cameron 579, which is directly adjacent to the company's East Cameron 334/335 fields.

"We are pleased with our apparent success at today's lease sale," Energy XXI President and Chief Operating Officer Steve Weyel said. "This is an area where we see potential to extend the success of our existing producing fields through exploration and development activity."