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Energy XXI execs seek opportunities for a total balance sheet reset
By Devika Patel
Knoxville, Tenn., April 10 – Energy XXI Gulf Coast, Inc.’s leadership plans to reset its balance sheet if the right opportunity presents itself.
“As you look into the future and we look at strategic acquisitions, we look at ways to better balance our portfolio, we will look inside a total balance sheet reset as the opportunities develop,” president and chief executive officer Douglas E. Brooks said at IPAA’s 2018 Oil and Gas Investment Symposium in New York on Tuesday.
At year-end the company had $152 million in cash.
Energy XXI is an independent oil and natural gas development and production company based in Houston.
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