Energy XXI Gulf Coast Inc. today provided an update regarding the closing of the merger with affiliates of Cox Oil LLC . EGC previously announced on October 10, 2018 that EGC and Cox jointly agreed to extend the closing date of the merger to October 17, 2018. EGC and Cox began the closing process at 7:15 a.m. Central Time this morning and expect to [...]
Energy XXI Gulf Coast Inc. today provided an update regarding the closing of the merger with affiliates of Cox Oil LLC . EGC previously announced on September 10, 2018 that, on September 9, 2018, EGC and Cox jointly agreed to enter into Amendment No. 1 to the Agreement and Plan of Merger, which provided that the closing date of the merger would [...]
Energy XXI Gulf Coast Inc. today provided a statement regarding the closing of the merger with affiliates of Cox Oil LLC . As EGC previously announced on September 10, 2018, on September 9, 2018, EGC and Cox entered into an Amendment No. 1 to the Agreement and Plan of Merger to provide for the closing date of the merger to occur on October 10 [...]
Energy XXI Gulf Coast Inc. today provided an update on the merger with affiliates of Cox Oil LLC . On September 9, 2018, EGC entered into an amendment to the Agreement and Plan of Merger to provide for the closing date of the merger to occur on October 10, 2018. The amendment also provides that Cox cannot refuse to consummate the merger because of [...]
Energy XXI Gulf Coast Inc. today reported financial and operational results for the second quarter of 2018. Second Quarter 2018 Highlights and Recent Key Items: Announced definitive agreement to be acquired by affiliates of Cox Oil LLC for approximately $322 million, or $9.10 per fully diluted share Produced an average of approximately 25,300 [...]
HOUSTON, July 30, 2018 -- Energy XXI Gulf Coast Inc. today announced that it will issue its second quarter 2018 earnings release on Thursday, August 9, 2018 before the market opens. In conjunction with the release, the Company will post an updated investor deck that can be accessed through the Company's web site at www.energyxxi.com that morning as [...]
HOUSTON, July 16, 2018 -- Energy XXI Gulf Coast Inc. provided the following comments regarding the issuance of a news release today by the Securities and Exchange Commission in which the SEC announced a settlement with, a former officer and a former outside director of Energy XXI Ltd , the predecessor to Energy XXI Gulf Coast Inc. “The [...]
]Energy XXI Gulf Coast today announced the signing of a definitive agreement with a Cox Oil affiliate, an independent, privately-held entity that owns and operates assets in the Gulf of Mexico, pursuant to which Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of [...]
HOUSTON, May 10, 2018 -- Energy XXI Gulf Coast Inc. today reported financial and operational results for the first quarter 2018. In a separate press release, the Company also announced that it has signed a term sheet for a transaction to divest its current non-core asset portfolio and related asset retirement obligations. An updated investor [...]
HOUSTON, May 10, 2018 -- Energy XXI Gulf Coast Inc. in conjunction with Orinoco Natural Resources, LLC and its affiliates, today announced the entry into a term sheet for the disposition of EGC’s current non-core asset portfolio. This disposition is expected to significantly reduce EGC’s asset retirement liability, improve profitability [...]
HOUSTON, May 04, 2018 -- Energy XXI Gulf Coast Inc. today announced that it will issue its first quarter 2018 earnings release on Thursday, May 10, 2018 before the market opens and the Company will host a conference call to discuss financial and operational results on the same day at 08:00 a.m. Central Time . To actively participate on the [...]
HOUSTON, April 10, 2018 -- Energy XXI Gulf Coast Inc. today announced that the Board of Directors has appointed Gabriel L. Ellisor as a member of EGC’s Board, effective April 6, 2018. Douglas E. Brooks, EGC’s Chief Executive Officer and President commented, “On behalf of our Company, we would like to welcome Gabe Ellisor to our [...]