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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 mission is to provide sustainable distribution growth for our unitholders by constructing, acquiring and expanding midstream assets in high-quality producing basins and to deliver industry-leading levels of service to our customers.
FTI Inc is a Schaumburg, IL-based company in the Energy and Utilities sector.
Sabre Operating is a Wichita Falls, TX-based company in the Energy and Utilities sector.
Approved Oil has been providing exceptional service in New York City since 1932` Over the years, we have supplemented our Oilheat delivery with important new services that greatly benefit our customers` We now offer total care for our customers` heating equipment, including preventive maintenance, emergency service and installation of new equipment` Our service contracts provide regular preventive maintenance and help control repair costs` We have also added a number of services that make it easier to buy fuel` Our budget plan makes payment more manageable, and our price protection protects customers against inflation` Exceptional service and innovation have helped Approved Oil become the largest family-owned oil company in New York City` We recently grew our business five-fold in a 10-year span, and we now have 150 employees and 84 vehicles, operating out of our new, state-of-the-art facility in Bayridge, Brooklyn` Despite our phenomenal growth, we are as committed as ever to the needs of each individual customer` We`ve come a long way with this philosophy, and we will never waver`