Other terms:

Barrel – unit of measure for oil and petroleum products, equivalent to 42 U.S. gallons.

BOE – barrels of oil equivalent, used to equate natural gas volumes to liquid barrels at a general conversion rate of 6,000 cubic feet of gas per barrel.

BOE/d – barrels of oil equivalent per day.

Bbl/d – barrels per day of oil or condensate.

MMBTU – million British thermal units.

Mcf/d – thousand cubic feet of gas per day.

MD – total measured depth of a well.

Net Pay – cumulative hydrocarbon-bearing formations.

NRI, Net Revenue Interest – the percentage of production revenue allocated to the working interest after first deducting proceeds allocated to royalty and overriding interest.

Proved, Probable, Possible reserves – are as defined in the SPE/World Petroleum Congress Standard.

psi – pounds per square inch.

TD – target total depth of a well.

TVD –true vertical depth of a well.

WI, Working Interest – the interest held in lands by virtue of a lease, operating agreement, fee title or otherwise, under which the owner of the interest is vested with the right to explore for, develop, produce and own oil, gas or other minerals and bears the proportional cost of such operations.

Workover / Recompletion – operations on a producing well to restore or increase production. A workover or recompletion may be performed to stimulate the well, remove sand or wax from the wellbore, to mechanically repair the well, or for other reasons.
CONTACT: ENQUIRIES OF ENERGY XXI                  Energy XXI         Stewart Lawrence         Vice President, Investor Relations and Communications         713-351-3006         slawrence@energyxxi.com                  Greg Smith         Director, Investor Relations         713-351-3149         gsmith@energyxxi.com                           Cantor Fitzgerald Europe         Nominated Adviser: David Porter, Rick Thompson         Corporate Broking: Richard Redmayne         Tel: +44 (0) 20 7894 7000                  Pelham Bell Pottinger         James Henderson         jhenderson@pelhambellpottinger.co.uk         Mark Antelme         mantelme@pelhambellpottinger.co.uk         +44 (0) 20 7861 3232                           ENQUIRIES OF EPL                           EPL         Mac Jensen         Senior Vice President, Business Development         (713) 228 0711         mjensen@eplweb.com         Brunswick Group                  Mark Palmer         (214) 254 3790         mpalmer@brunswickgroup.com                  Ward                  Deborah Buks         dbuks@wardcc.com         (713) 869 0707                  Molly LeCronier         mlecronier@wardcc.com         (713) 869 0707

Energy XXI Logo 2

If you liked this article you might like

Recent Chapter 11 Filings Raise Questions About SandRidge Energy

Recent Chapter 11 Filings Raise Questions About SandRidge Energy

Recent Chapter 11 Filings Raise Questions About SandRidge Energy

Recent Chapter 11 Filings Raise Questions About SandRidge Energy

Jim Cramer on Energy XXI’s Bankruptcy

Energy XXI to Cut $3B Worth of Debt in Chapter 11 Plan

Energy XXI to Cut $3B Worth of Debt in Chapter 11 Plan

Cramer: The Danger of Aces and Eights in Oil

Cramer: The Danger of Aces and Eights in Oil