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Stock Market & Financial Investment News

News Breaks
January 6, 2014
06:06 EDTEPLEPL Oil & Gas expects to spend $360M in 2014 on low risk development
The company currently plans to spend approximately $360M on oil-dominated, lower-risk development activities in 2014. This initial budget will primarily fund the exploitation of the shallow section within EPL's Ship Shoal, West Delta, South Timbalier, and Main Pass core field areas. Capital spending is expected to be front loaded, intended to drive production growth and organic reserve replacement. The company has continued its active drilling program from the fourth quarter of 2013, with 5 rigs currently working within its core field areas. EPL plans to have up to 8 rigs running throughout 2014, mainly consisting of jack-up and hydraulic workover rigs necessary to execute its capital program.
News For EPL From The Last 14 Days
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April 7, 2014
07:09 EDTEPLEnergy XXI, EPL Oil & Gas announce early termination of HSR waiting period
Energy XXI (EXXI) announced that it and EPL Oil & Gas (EPL) have received early termination of the waiting period under the Hart-Scott-Rodino, or HSR, Antitrust Improvements Act of 1976, as amended, in connection with Energy XXI's pending acquisition of EPL. The early termination of the waiting period under the Hart-Scott-Rodino Act satisfies one of the conditions for consummation of the transaction.

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