One-Page Deal Sheet
Energy XXI to Acquire EPL; Will Become Largest Independent GoM Shelf Producer
Energy XXI Gulf Coast, Inc EPL Oil & Gas, Inc.
Announced Date
March 12,2014
Close Date
June 03,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
2300
Transaction Details: Subscribe to see
Energy XXI and EPL Oil & Gas, Inc. have reported the signing of a definitive merger agreement pursuant to which Energy XXI will acquire all of EPL's outstanding shares for total consideration of $2.3 billion, including the assumption of debt.
As a result of the merger, Energy XXI will become the largest public independent producer on the Gulf of Mexico shelf, with production of approximately 65,000 barrels of oil equivalent (BOE) per day, 70 percent oil, including a reduction related to the pending divestiture of non-operated interests in the Eugene Island 330 and South Marsh Island 128…
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