Callon Well Dormant, Fire Extinguished At South Marsh Island Block 261.Business Editors NATCHEZ, Miss.--(BUSINESS WIRE)--Jan. 10, 2000 Callon Petroleum Company (NYSE NYSE See: New York Stock Exchange :CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) (NYSE:CPE.PrA) reported that its South Marsh Island Block 261 OCS-G 16337 well, which blewout on January 2nd, has ceased flowing natural gas and, consequently, the fire/flare is out. This occurred at 3:54 p.m. last Thursday, January 6th, and the well has remained dormant Latent; inactive; silent. That which is dormant is not used, asserted, or enforced. A dormant partner is a member of a partnership who has a financial interest yet is silent, in that he or she takes no control over the business. since that time. Since the well flowed only natural gas, no pollution was present. On Saturday, January 8th, drilling fluid Noun 1. drilling fluid - a mixture of clays and chemicals and water; pumped down the drill pipe to lubricate and cool the drilling bit and to flush out the cuttings and to strengthen the sides of the hole drilling mud was pumped into the well as part of the well control procedures. Everything went as planned, with no drilling fluid returns being emitted from the well casing. The well should be plugged with cement within the next several days. Callon Petroleum Company has been engaged in the exploration, development, acquisition and operation of oil and gas properties in the Gulf Coast region since 1950. |
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