M&A Deal Summary

Cox Oil Acquires Energy XXI

On October 11, 2018, Cox Oil acquired oil/gas exploration company Energy XXI

Acquisition Highlights
  • This is Cox Oil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Cox Oil’s 1st transaction in the United States.
  • This is Cox Oil’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-10-11
Target Energy XXI
Sector Oil/Gas Exploration
Buyer(s) Cox Oil
Deal Type Add-on Acquisition

Target

Energy XXI

Houston, Texas, United States
Energy XXI Ltd. is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program.

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Buyer(S) 1

Buyer

Cox Oil

Dallas, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Cox Oil is an independent oil and gas company with a focus on the Gulf of Mexico. Cox has grown through enhanced development of production and reserves in existing assets along with strategic acquisitions. Cox’s assets are located in both the OCS in the Gulf of Mexico and the shallow waters off the coast of Louisiana. Cox Oil is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1