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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.
A leader in industrial bolting and thermal technologies committed to innovation, quality, customer satisfaction, safety and process excellence. 1-866-265-4873
Medallion Midstream, LLC is a full service midstream provider. Our comprehensive, integrated solutions go beyond the traditional midstream business model, improving our customers visibility and control of product value from wellhead to market. At Medallion, we believe that sound relationships are the key to a sound business. We value our relationships with customers, business partners, investors, employees and landowners. Our mission is deliver responsive, reliable and comprehensive midstream solutions, optimizing our assets, and creating value for our investors.
Abraxas Petroleum Corporation is a San Antonio, TX-based company in the Energy and Utilities sector.
ESS PORT SERVICES is a Lafayette, LA-based company in the Energy and Utilities sector.