Energy XXI’s reworking of former Pogo assets in Gulf begins to pay off

摘要

Houston—Small-cap Gulf of Mexico operator Energy XXI said February 13 that the shallow-water properties it acquired from Pogo Producing for 419.5 million last June were so “capital starved” and in such “steep decline” that the US Minerals Management Service had put them on probation (ON 4/25/07).