November 17, 2017 1:50 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Energy XXI Ltd.

Company Overview

Energy XXI Ltd, together with its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company operated or had an interest in 635 gross producing wells on 452,083 net developed acres, including interests in 60 producing fields located onshore in Louisiana and Texas, as well as in the Gulf of Mexico Shelf. As of June 30, 2016, it had a total proved reserves of 86.6 million barrels of oil equivalent. The company was founded in 2005 and is based in Hamilton, Bermuda.

Canon’s Court

22 Victoria Street

PO Box HM 1179

Hamilton,  HM EX

Bermuda

Founded in 2005

251 Employees

Phone:

441-295-2244

Key Executives for Energy XXI Ltd.

Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer
Age: 59
Chief Operating Officer
Age: 51
Chief Accounting Officer and Executive Vice President
Age: 59
Vice President of Business Development and Investor Relations
Compensation as of Fiscal Year 2017.

Energy XXI Ltd. Key Developments

Energy XXI Ltd. Files Form 15

Energy XXI Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, par value $0.005 per share under the Securities Exchange Act of 1934, as amended.

Energy XXI Ltd. Files Form 15

Energy XXI Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.005 per share.

Energy XXI Ltd Announces Board Resignations

Energy XXI Ltd. (‘EXXI Ltd’) announced that, as previously reported by the company, on April 14, 2016 (the ‘Petition Date’), the company, Energy XXI Gulf Coast Inc., an indirect wholly-owned subsidiary of the company (‘EGC’), EPL Oil & Gas Inc., an indirect wholly-owned subsidiary of EXXI Ltd. (‘EPL’), and certain other subsidiaries of EXXI Ltd. (together with EXXI Ltd, EGC and EPL, the ‘Debtors’) filed voluntary petitions for reorganization in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the ‘Bankruptcy Court’) seeking relief under the provisions of chapter 11 of Title 11 (‘Chapter 11’) of the United States Code (the ‘Bankruptcy Code’) under the caption In re Energy XXI Ltd, et al., Case No. 16-31928 (the ‘Chapter 11 Cases’). On July 15, 2016, the Bankruptcy Court entered the Order (A) Approving the Disclosure Statement and the Form and Manner of Service Related Thereto, (B) Setting Dates for the Objection Deadline and Hearing Relating to Confirmation of the Plan and (C) Granting Related Relief. On July 18, 2016, the Debtors filed the solicitation version of the Debtors’ Third Amended Disclosure Statement. On November 21, 2016, the Debtors filed the Second Amended Proposed Joint Chapter 11 Plan of Reorganization and the solicitation version of the Second Supplement to the Disclosure Statement Setting Forth Modifications to the Plan. Pursuant to the Plan, as of the Effective Date, the following directors resigned from EXXI Ltd’s board of directors: William Colvin, Cornelius Dupré II, Hill A. Feinberg, Kevin Flannery, Scott A. Griffiths and James LaChance. On January 3, 2017, John D. Schiller, Jr. also resigned from EXXI Ltd’s board of directors. Following the resignation of all of the directors of EXXI Ltd. and in accordance with Bermuda law, the Provisional Liquidator assumed full control of EXXI Ltd’s affairs and will continue to do so until the conclusion of the Bermuda Proceeding.

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