Energy XXI (Nasdaq: EXXI) completed the $2.3 billion acquisition of Houston-based EPL Oil & Gas (NYSE: EPL), the company said after markets closed June 3.
That makes Energy XXI the largest publicly traded independent operator on the Gulf of Mexico shelf, according to the company. Oil and gas production for the combined companies currently approximates 62,000 barrels of oil equivalent per day, 73 percent of which is oil. Read more at Houston Business Journal.
