Energy XXI completes deal for MitEnergy's assets in U.S. Gulf

12/23/2009 | Oil & Gas Journal

Energy XXI finalized a deal to buy MitEnergy Upstream's oil and gas properties in the Gulf of Mexico. The assets include 22 core fields generating 8,000 net barrels per day of oil equivalent. Net output from the purchased properties is projected to reach 10,000 barrels per day, which would increase the company's overall production to 30,000 barrels per day.

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