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Energy XXI's Production Lowered by Pipeline Issues

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Energy XXI's Production Lowered by Pipeline Issues

Operations Update

  • The company realized a return of oil volumes that were impacted during the fiscal first quarter due to downtime experienced on two separate third-party pipeline operations.
  • A pipeline at the non-operated Main Pass 311 field (50% WI / 41.7% NRI) is back online delivering 950 net barrels of oil equivalent per day (BOE/d).
  • Additionally, the Williams natural gas pipeline at the Ship Shoal field (100% WI / 87.5% NRI), is back online this past weekend adding an additional 3,100 net BOE/d.