20
Nov
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EXXI on the tape with a deal, buying properties from Exxon.
November 21st, 2010 at 7:15 pmcheck out bop friday 83,84
November 21st, 2010 at 8:06 pmImpressive…
23 per boe for proved
Energy XXI Doubles In Size With $1 Billion Exxon Acquisition
November 21st, 2010 at 10:25 pmFor $1.01 billion cash Exxi will get nine fields emcompassing 130,000 net acres with 50 million barrels of proven reserves (61% oil) generated current production of 20,000 boepd.
http://blogs.forbes.com/christopherhelman/2010/11/21/energy-xxi-doubles-in-size-with-1-billion-exxon-acquisition/?boxes=businesschannelsections
and a Houston Chronical article about the deal.
http://www.chron.com/disp/story.mpl/business/energy/7305539.html
OK, OK, might as put my piece out that will be in the morning post:
http://seekingalpha.com/author/zman/instablog
November 21st, 2010 at 11:35 pm