Energy XXI closes purchase of Pogo properties

Energy XXI Ltd. has closed its previously announced acquisition of Pogo's Gulf of Mexico shelf properties for $414.7 million.

Offshore staff

HOUSTON --Energy XXI Ltd. has closed its previously announced acquisition of Pogo's Gulf of Mexico shelf properties for $414.7 million. The transaction remains subject to post-closing adjustments to reflect operating results through June 8, according to Pogo.

Energy XXI's acquisition includes 28 fields producing about 7,400 net boe/d, across leases comprising 282,000 gross acres.

6/11/2007

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