Energy XXI (Bermuda) Ltd., Houston, (London: EGY) plans to acquire certain Gulf of Mexico shelf properties from Pogo Producing Co., Houston, (NYSE: PPP) for $419.5 million in cash. The assets include 28 fields (73% operated) on approximately 282,000 gross acres (91,600 net). Net production is approximately 7,400 barrels of oil equivalent per day (62% oil). Net proved reserves are approximately 20 million barrels equivalent (70% oil, 74% proved developed).
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