Energy XXI Gulf Coast, Inc.
EGC
NASDAQ9.10
USD
- -
- -
CIK
0001404973
Return %
Stock
S&P500
1Y
- -
19.01
3Y
- -
65.48
5Y
- -
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- IPO Date
- Jan 10, 2017
- CIK
- 0001404973
- Similar Companies
- Business
- Energy XXI Gulf Coast, Inc. operates as an exploration and production company specializing in the acquisition, development, exploitation, and operation of oil and natural gas properties. Its core assets include conventional oil and natural gas reserves located onshore in Louisiana and Texas as well as offshore in the U.S. Gulf of Mexico. The company's primary products and services encompass oil and gas exploration, drilling, production, and project management services focused on the Gulf Coast region. Founded in 2006 and headquartered in Houston, Texas, Energy XXI Gulf Coast serves both domestic and international markets. In terms of recent major changes, Energy XXI Gulf Coast underwent a significant acquisition by an affiliate of Cox Oil LLC in 2018, which expanded its presence and consolidated assets in the Gulf of Mexico region. The transaction involved a cash acquisition valued at approximately $322 million. This acquisition aligned with Cox Oil’s strategy to generate economies of scale through asset consolidation while maintaining commitment to safe and responsible production in the Gulf of Mexico. Additionally, Energy XXI Gulf Coast has experienced financial restructuring events in the past, including Chapter 11 bankruptcy filings in 2016 and 2023, with the latter converted to Chapter 7 in early 2024. The company operates under the subsidiary structure of MLCJR LLC as of October 2018 and previously as a subsidiary of Energy XXI (Bermuda) Limited. Its strategic focus remains on enhanced development of mature field assets, including oil and gas acreage in both shallow waters and offshore deepwater areas of the Gulf of Mexico, along with onshore locations in Texas and Louisiana. The company's operational portfolio also involves management of plugging, abandonment, and decommissioning obligations in compliance with evolving regulatory frameworks across its production sites. Energy XXI Gulf Coast’s recent operational environment is characterized by managing mature field infrastructure and balancing maintenance with production efficiency, with emphasis on financial health and compliance amidst fluctuating oil and gas prices and evolving market conditions.