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Energy XXI is an independent oil and natural gas development and production company which has historically focused on development drilling on our core properties to enhance production and ultimate recovery of reserves, supplemented by strategic acquisitions from time to time. Our acquisition strategy has historically been to target mature, oil producing properties on the Gulf of Mexico Shelf and the U.S. Gulf Coast that have not been thoroughly exploited by prior operators. The Company`s properties are located on the U.S. Gulf Coast or on the Gulf of Mexico Shelf and we currently operate 91% of our proved reserves. Our geographic concentration on the Gulf of Mexico Shelf enables us to manage our operated fields efficiently and our high number of wellbore locations provides diversification of our production and reserves. By having operations in a geographically concentrated area, we can optimize and more efficiently service our operations. At March 31, 2017 our total proved reserves were 109.4 MMBOE of which 80% were crude oil and 71% were classified as proved developed reserves. We operated or had an interest in 616 gross producing wells on 439,294 net developed acres, including interests in 57 producing fields. We believe operating our assets is a key to our success and approximately 91% of our proved reserves are on properties operated by us.
Our expertise encompasses the full spectrum of system technologies from pneumatic - hydraulic control systems to state of the art programmable solutions to chemical injection systems, and everything in-between. Our services in house range from front end design to system fabrication and integration to field construction, installation and commissioning. Our full time staff of over 800 seasoned professionals has the expertise to take your project from conception to completion. W-Industries is unique in its approach to instrumentation and control technology, as we are a company of operations oriented personnel dedicated to providing practical systems to the industries in which we were trained. Our complete and total understanding of the processes and equipment we intend to control allows us to produce a product consistent with our clients ultimate objectives. The design and fabrication departments are complimented by a full service field installation and technical staff capable of complete electrical and instrument installation projects, start-up and commissioning services, modifications to existing systems, on site training and routine maintenance procedures for operation personnel. W-Industries is an equal opportunity employer.
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