LL&E ANNOUNCES SUCCESSFUL WELL COMPLETION IN SOUTH LOUISIANA AND ABANDONMENT OF WELL IN GULF OF MEXICO.NEW ORLEANS--(BUSINESS WIRE)--Feb. 3, 1997--The Louisiana Land and Exploration Company (NYSE NYSE See: New York Stock Exchange :LLX LLX Lifelong Learning Excellence, Inc (Eugene, Oregon) LLX Louisiana Land and Exploration Company ) ("LL&E") today announced the successful completion of the LL&E Fee no. 1 at West Paradis in south Louisiana and the abandonment of the subsalt well at Ship Shoal 357 in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . South Louisiana In south Louisiana, the Company has successfully completed and tested the LL&E Fee no. 1 well at West Paradis in St. Charles Parish. During a recent production test, the well flowed 4 million cubic feet of natural gas and 74 barrels of condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. per day on a 14/64 inch choke with flowing tubing pressure of 3,853 pounds per square inch Noun 1. pounds per square inch - a unit of pressure psi pressure unit - a unit measuring force per unit area . The well was drilled to a total measured depth of 12,567 feet and encountered 53 feet of net hydrocarbon pay in three zones. The well was perforated and tested in one of the three intervals between 11,374 and 11,390 feet. The two remaining zones will be tested and produced later. The West Paradis prospect is located on LL&E's fee lands and was generated through the interpretation of a 92 square mile 3- Dimensional (3-D) seismic survey conducted near Des Allemandes, LA. by Seitel in the summer of 1994 for the benefit of LL&E, DDD DDD Direct Distance Dialing DDD Digital/Digital/Digital (audio CD format, recording/mixing/mastering) DDD Degenerative Disc Disease DDD Domain Driven Design DDD Data Display Debugger (GNU Project) Energy, Inc. and Goodrich Energy, L.P. Production from the well is expected to commence in about 60 days. At least one additional well will be drilled in 1997 adjacent to this discovery. Additional prospects generated from the 3-D survey are currently under evaluation for future drilling. Partners in the prospects include LL&E, as operator and DDD Energy Inc. and Goodrich Energy, LP, each with a 33 percent working interest. As a result of LL&E's fee land ownership, LL&E's net revenue interest is 43 percent. Gulf of Mexico In the Gulf of Mexico, the subsalt well located on Ship Shoal Block 357 was drilled to a total depth of 20,610 feet. No commercial hydrocarbon-bearing zones were encountered and the well will be plugged and abandoned. LL&E is the operator of the well and owns a 38 percent working interest. Other working interest partners include Vastar Resources Inc. with a 55 percent interest and CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. NOMECO Oil & Gas Co., CMS Energy CMS Energy is a public utility supplying electric power and natural gas to most of Michigan. Its headquarters are located in Jackson, Michigan. The company has operated since 1890. Its two principal subsidiaries are Consumers Energy and CMS Enterprises. Corporation's oil and gas exploration and production unit with a 7 percent interest. -0- This release is available on LL&E's Worldwide Web page at: http://www.lle.com . CONTACT: The Louisiana Land and Exploration Compnay Al Petrie, 504/566-6478 or Clay Jeansonne, 504/566-6731 |
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