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Energy XXI Participates in Central Gulf of Mexico Lease Sale 231

Source: www.gulfoilandgas.com 3/20/2014, Location: North America

Energy XXI was the apparent high bidder in 10 shallow-water blocks in the Central Gulf of Mexico Lease Sale 231, with a total investment of approximately $2.6 million The bids are subject to approval by the U.S. Bureau of Ocean Energy Management.

Eight blocks were bid solely by Energy XXI and included acreage in Ship Shoal, South Pass, West Delta, and Grand Isle. Two blocks were jointly bid with Fieldwood and Apache in Viosca Knoll and Main Pass. Energy XXI's bids were focused on areas adjacent to existing operations, which could provide near-term development opportunities.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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