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Energy XXI To Sell Its Non-Core Onshore Natural Gas Assets - The Company is Re-Deploying the Proceeds for a More Efficient Utilization
GlobalData, May 2011, Pages: 5
Energy XXI To Sell Its Non-Core Onshore Natural Gas Assets - The Company is Re-Deploying the Proceeds for a More Efficient Utilization - Deal Analysis from GlobalData
Summary
Energy XXI (Bermuda) Limited (Energy XXI) agreed to sell non-core, mostly non-operated, onshore natural gas assets to a private buyer, for a purchase consideration of $41m in cash. The transaction is effective on June 1, 2011 and is expected to be completed by June 30, 2011. The transaction implies a deal value of $25,334.71 per boe of daily production.
Scope
- Rationale behind Energy XXI selling its non-core onshore natural gas assets,
- Strategic Benefits for the companies involved,
- Geography covered -US
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
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