Energy XXI Buyback
OLI recorded this information on 5/6/2013
Company:
Energy XXI
Buyback:
EXXI buyback
$Amount Authorized:
$250,000,000
Buyback Details:
Energy XXI (Nasdaq:EXXI) (LSE:EXXI) today announced its Board of Directors has authorized the repurchase up to $250 million in value of the company's common stock from time to time, in one or more open-market transactions.
Energy XXI Gulf Coast is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico Shelf, which is an area in less than 1,000 feet of water (GoM Shelf). As of Dec 31 2016, Co. owned and operated nine GoM Shelf oil fields. As of the same date, Co.'s total proved reserves were 121.9 million barrels of oil equivalent of which 81.0% were oil and 70.0% were classified as proved developed. The total proved reserves consisted of 95.2 million barrels of gas, 3.1 million barrels of natural gas liquids, and 141.24billion cubic feet of natural gas.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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