Energy XXI To Sell Its Non-Core Onshore Natural Gas Assets – The Company is Re-Deploying the Proceeds for a More Efficient Utilization

Pages: 5 Published: May 01, 2011 Report Code: GDGE0303MA

  • Overview
  • Contents
  • Tables
  • Figures
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Energy XXI (Bermuda) Limited (Energy XXI) agreed to sell non-core, mostly non-operated, onshore natural gas assets to a private buyer, for a purchase consideration of $41m in cash. The transaction is effective on June 1, 2011 and is expected to be completed by June 30, 2011. The transaction implies a deal value of $25,334.71 per boe of daily production.

Scope

Rationale behind Energy XXI selling its non-core onshore natural gas assets,

Strategic Benefits for the companies involved,

Geography covered -US

Reasons to Buy

Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American industry,

Identify the most lucrative segments to leverage on the growth oppurtunities available in the US's oil & gas market,

Get a detailed analysis of a deal to enable you to take better decisions.

Table of Contents

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

2 Energy XXI To Sell Its Non-Core Onshore Natural Gas Assets 1

2.1 Deal Overview 1

2.2 Deal in Brief 1

2.3 The Current Deal is in Line with Energy XXI’s ‘Oil-focused Acquire-and-Exploit’ Strategy 1

2.4 Energy XXI has been Raising Funds Through Equity and Debt Offerings for Both Organic and Inorganic Growth 2

2.5 Deal Financials and Valuations 3

3 Appendix 4

3.1 Methodology 4

3.2 Contact Us 5

3.3 Disclaimer 5

List of Tables

Table 1: Energy XXI, Debt and Equity Offerings Details,

2010-2011 2

Table 2: Companies Involved 3

Table 3: Financials of the Deal 3

Table 4: Target Information 3

Table 5: Target’s Production and Reserves Information 3

Table 6: Company Valuation Multiples 3

Table 7: Commodity Prices in $, Last Close 3

Table 8: Vendor Information 3

List of Figures

N/A

$500

Can be used by individual purchaser only

$1500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

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