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Energy XXI Might Become GoM Shelf's 'Largest Public Pure-Play'

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By Leslie Haines, Hart Energy
July 1, 2014

Energy XXI was formed in 2005 with the belief that the Gulf of Mexico holds vast riches yet to be tapped, not just in deepwater frontiers that grab the headlines, but also in shallower depths on the Outer Continental Shelf--and many of the older fields have much more production to yield through use of modern seismic and completion technologies, deeper drilling and horizontal wellbores.

The Houston company’s strategy is to acquire fields from others and rework them, drill deeper and improve facilities, to increase production. This is coupled with drilling ...

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