Exploration & Production | Drilling & Completions | Drilling / Well Results
Energy XXI Gulf Coast Spuds Development Well at West Delta 30
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[Summary: Energy XXI Gulf Coast today announced that the Company implemented additional workforce reductions, has spud its first development well of 2017 at West Delta 30, and is set to join the Russell 3000 Index.]
HOUSTON, June 14, 2017 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. today announced that the Company implemented additional workforce reductions, has spud its first development well of 2017 at West Delta 30, and is set to join the Russell 3000 Index.
Operational Update
Recently, EGC implemented additional work force reductions to lower its overhead costs and better align its staffing with its current expected operational plans. Total headcount was reduced by approximately 18% which will result in severance and separation expenses of approximately $2.5 million in the…
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