Energy XXI Provides Updated Information Regarding the 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, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ:EXXI) today provided an additional update on the impact from Hurricane Harvey. Once weather conditions in the Gulf of Mexico (GOM) improved, the Company was able to conduct flyover visual inspections of its facilities, and no significant damage was apparent. Crews began returning to EGC’s facilities in the western GOM over the weekend for onsite assessment of their condition, and full crews are being restored to its central GOM facilities. Production was initially shut-in in advance of the storm beginning on August 25. Following its initial release on the impact of the storm on August 28, several EGC-operated facilities beyond the western region were shut-in during the storm when crews were not able to address issues that arose in those locations. In addition, EGC has subsequently been informed by the operators of third-party operated fields that shut-ins occurred in those f
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