Energy XXI Forms Joint Venture With Apache; Provides Operations Update - Shares Dip Late

By Staff,

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Energy XXI ( EXXI ) has entered into an agreement with Apache Corp. ( APA ) to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. In addition, EXXI has acquired a 25% working interest in 21 non-producing primary-term leases with Apache.

The company also issued an operations and production update.

EXXI is down 0.6% at $29.85 after-hours, in a 52-week range of $26.20 - $38.50.

APA closed the day at $74.66, in a 52-week range of $72.20 - $109.10.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: APA , EXXI

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