One-Page Deal Sheet
Cox Oil to Acquire Energy XXI Gulf Coast for $322MM
Cox Operating LLC Energy XXI Gulf Coast, Inc
Announced Date
June 18,2018
Effective Date
October 18,2018
Close Date
October 19,2018
Transaction Type
Corporate
Enterprise Value (EV)($MM)
322
Asset/Basin:
{"Gulf of Mexico"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Energy XXI Gulf Coast announced that it has entered a deal to be acquired by GOM-focused Cox Oil for $322 million.
This deal closed on October 19, 2018.
Energy XXI's assets are located in the Gulf of Mexico.
479,320 net acres (421,974 developed / 57,346 undeveloped) 26,600 BOEPD in Q1 2018 production 88.2 MMBOE in proved reserves AdvisorsIntrepid Partners, LLC is serving as exclusive financial advisor to EGC and provided a fairness opinion to EGC's Board of Directors in connection with the transaction. Sidley Austin LLP is serving as legal advisor to EGC in connection with the…
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