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Home Icon > About Us > News > Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion

By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years leading up to the crude slump. The oil and gas explorer sought Chapter 11 protection in Houston Thursday, listing $1.8 billion in assets and $3.6 billion in debt and saying it […]

The post Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion appeared first on gCaptain.

WP_Post Object ( [ID] => 112211 [post_author] => 21 [post_date] => 2016-04-14 15:26:31 [post_date_gmt] => 2016-04-14 15:26:31 [post_content] =>

Photo credit: Energy XIIBy Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years leading up to the crude slump. The oil and gas explorer sought Chapter 11 protection in Houston Thursday, listing $1.8 billion in assets and $3.6 billion in debt and saying it […]

The post Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion appeared first on gCaptain.

[post_title] => Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion [post_excerpt] =>

Photo credit: Energy XIIBy Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years leading up to the crude slump. The oil and gas explorer sought Chapter 11 protection in Houston Thursday, listing $1.8 billion in assets and $3.6 billion in debt and saying it […]

The post Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion appeared first on gCaptain.

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