Energy XXI has implemented an "acquire and exploit" growth strategy to build a geographically focused portfolio with some of the highest per-unit margins in the industry. The company has focused on developing the acquired properties while ramping up a complementary exploration program designed to provide organic growth for the future. Energy XXI completed five major acquisitions totaling approximately $2.5 billion since its founding in October 2005, creating a company with more than 120 million barrels of oil equivalent (BOE) of proved reserves and about 50,000 BOE per day of current production, 70% of which is oil. Energy XXI operates or has an interest in 6 of the 11 largest oil fields in the Gulf of Mexico. The company’s core properties are located in coastal and offshore Louisiana.

John D. Schiller Jr.  

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2012 Houston Top Workplace

Energy XXI is honored to be named Houston's 2012 Top Workplace for Small Companies. To every team member, thanks for making Energy XXI a top workplace in Houston.


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Business Strategy

Our acquisition strategy focuses primarily on mature oil-producing assets on the Gulf of Mexico shelf. The company's goal is to extract upside from these properties through production optimization and low-risk drilling, guided by extensive field studies of the primary reservoirs. The company also is pursuing a complementary exploration program designed to provide organic growth for the future, including select high-impact tests of ultra-deep shelf prospects.

Energy XXI Acquiring Mature Oil Companies