Todd Campbell
Long/short equity, growth, medium-term horizon, registered investment advisor

EPL's Gulf Of Mexico Acquisitions Are Paying Off

EPL's (NYSE:EPL) acquisition of key shallow water assets in the Gulf of Mexico is paying off, helping revenue and earnings run higher as it deploys deep water best practices further inland.

I last discussed EPL back in early May and the company continues to execute its consolidation and efficiency strategy. The key drivers of the company heading into the back half of the year and 2014 include:

1. Further ramping of shallow water legacy and acquired wells, and

2. Opportunity to boost natural gas production as warranted.

The Hilcorp acquisition was transformative.

The independent oil and gas company acquired the Gulf of Mexico assets of Hilcorp for $550 million last fall. This deal was a bet EPL could...

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