Energy XXI (EXXI) agreed to buy nine Exxon Mobil (XOM) gas and oil fields in the shallow waters...

|About: Energy XXI Ltd. (EXXIQ)|By:, SA News Editor

Energy XXI (EXXI) agreed to buy nine Exxon Mobil (XOM) gas and oil fields in the shallow waters of the Gulf of Mexico for $1.01B, boosting its reserves and production by more than 70%. Not a bad price for a deal that nearly doubles the size of the firm.