In the Main Pass complex, the company successfully drilled the Don Tomas well (WI 100%/ NRI 78%) targeting the BA-4AA sand. Don Tomas was drilled to 8,292 feet TVD/ 8,550 feet MD, encountering 195 net feet of pay within the targeted BA-4AA sand, and placed on production in mid-August at 4,500 (BOE/d) gross. Additional development wells are scheduled at Main Pass, with as many as five additional wells in the program this fiscal year.At Grand Isle 16 (WI 100%/ NRI 87%), the Pi development well was drilled to 9,572 feet TVD/ 11,482 feet MD and is currently producing 1,200 BOE/d. Pay was seen in the primary targets, C1 through C-7 sands, and additional pay was seen in the BF-1 through B-4 sands. The company currently is drilling Cake, a horizontal development well targeting the BF-2 sand updip of a past producer. The well is drilling at 6,898 feet TVD/7,808 feet MD.
Energy XXI Provides Operations Update, Announces Exploration Joint Venture
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.