Energy XXI Provides Operational Update Regarding Impact from Hurricane Harvey
ENERGY XXI GULF COAST (EXXI)
Last energy xxi gulf coast earnings: 11/14 06:00 am
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US:NASDAQ Investor Relations:
ir.energyxxi.com
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Source: GlobeNewswire
HOUSTON, Aug. 28, 2017 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ:EXXI) today provided an update on the impact from Hurricane Harvey. Late last week the Company initiated its emergency preparedness plan and evacuated all personnel from its western Gulf of Mexico (GOM) facilities and production from those fields was temporarily shut-in. Those facilities will remain shut-in until the weather in the GOM clears sufficiently to allow visual inspections to determine if any significant damage has occurred. About 4,000 barrels of oil equivalent net daily production (or approximately 11% of second quarter 2017 total net average daily production) is currently curtailed due to the storm. Non-essential personnel were evacuated late last week from EGC’s central GOM properties where the majority of its production is located, but production was not shut-in. Staffing in that area is expected to return to normal levels once the weather clears. Operations
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