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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.
Nelson Petroleum is a Everett, WA-based company in the Energy and Utilities sector.
Headquartered in El Paso, Texas, Western Refining Logistics is a fee-based, growth oriented Delaware limited partnership recently formed by Western Refining to own, operate, develop, and acquire terminals, storage tanks, pipelines, and other logistics assets. Western Refining Logistics’ assets consist of pipeline and gathering assets and terminalling, transportation, and storage assets in the Southwestern portion of the U.S., including approximately 300 miles of pipelines and approximately 7.9 million barrels of active storage capacity, as well as other assets. Most of our assets are integral to the operations of Western’s El Paso and Gallup Refineries. Western Refining Logistics, LP (NYSE: WNRL) began trading on the New York Stock Exchange on October 10, 2013.
McMullen Oil Co. is a Clearwater, FL-based company in the Energy and Utilities sector.
Galen E. Wilson Petroleum Company is a Saginaw, MI-based company in the Energy and Utilities sector.