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Energy XXI Hits Production Target for 2017; Talks 2018 Drilling Plans
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Energy XXI Gulf Coast has reported its Q4 and full year 2017 results.
Highlights: Produced an average of approximately 27,600 BOEPD (77% oil) during the fourth quarter, within the Company's guidance range 2018 Drilling Plans- 2018 Budget: $145 to $175 million, which include
$55 million to $65 million related to drilling six new wells $10 million to $15 million for planned facility improvements $8 million to $10 million for seven to nine recompletions.- Drilling Program:
2018 drilling program anticipates drilling six wells focused in EGC's core areas in West Delta and South Timbalier, which includes three development wells, one injection well, and two exploitation locations Plans to spud the first development well of the 2018 drilling program, the West Delta 73 C-27 McCloud…- ✓ Full news archive — U.S., Canada & international coverage
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