Vinson & Elkins leads $1.01bn deal between Energy XXI and EXXonMobil

November 24, 2010 Energy XXI Ltd. has finalised a deal to buy oil and natural gas properties in the Gulf of Mexico from ExxonMobil for $1.01 billion. When the transaction is complete at the end of the year, the Bermuda-based Energy XXI will be the third-largest oil producer operating on the Gulf of Mexico shelf.

Energy XXI represented by Vinson & Elkins, with a team led by partners T. Mark Kelly and Stephen Tarry, while Exxon was advised by its own in-house legal team.

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