Tag: Energy XXI

Energy XXI files Chapter 11 after spending $5 billion on acquisitions during oil boom

Energy XXI files Chapter 11 after spending $5 billion on acquisitions during oil boom

Company says it expects to pay suppliers in full under normal terms for goods and services provided on or after the Chapter 11 filing date HOUSTON- Energy XXI Ltd announced Thursday that it and certain of its subsidiaries have entered into a restructuring support Agreement (the “RSA”) with holders of more than 63 per cent of  the company’s […]