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Stock Market & Financial Investment News

News Breaks
August 4, 2014
17:15 EDTEXXIEnergy XXI sees Q4 production volumes ahead of guidance
During Q4, production averaged approximately 46,100 BOE/d, with oil production averaging nearly 32,000 Bbl/d, both of which are higher than the guidance provided at the time of the EPL acquisition. The quarter's volumes included a one-month contribution from the acquired assets, less approximately 2,000 BOE/d from the sale of the Eugene Island and South Marsh Island properties on April 1. During the company's Q4, eight wells were drilled, providing initial production uplift of approximately 4,150 BOE/d. The bulk of the uplift came online in June following the completion of rig moves and facility upgrades, contributing approximately 1,200 BOE/d to the quarter average. Four wells were drilled in the West Delta 30 field, three were drilled in Ship Shoal 208 and one was completed in Main Pass 61. For the full fiscal year ended June 30, 2014, 17 development wells were drilled and completed, including five wells completed on EPL properties in the quarter.
News For EXXI From The Last 14 Days
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March 23, 2015
09:52 EDTEXXIEnergy XXI sees Q3 production 58,000-62,000 BOE/d
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09:52 EDTEXXIEnergy XXI lowers 2015 capex view to $640M-$660M
Energy XXI projected FY15 capex of $640M-$660M in slides for its presentation at the Howard Weil energy conference. On February 9, the company had estimated total FY15 capital program to range from $670M-$690M. Energy XXI still sees FY15 production 57,000-61,000 BOE/d. The company said it is pursuing asset monetization for midstream and non-core E&P and that for the combined GoM divestiture with M21K that bids have been received and negotiations are underway with potential buyers. Says annualized savings approaching $170M.
March 20, 2015
05:49 EDTEXXIStocks with implied volatility movement; EXXI FXCM
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