ENSERCH ANNOUNCES DISCOVERY, BLOCK AWARD IN GULF'S GREEN CANYON
ENSERCH ANNOUNCES DISCOVERY, BLOCK AWARD IN GULF'S GREEN CANYON DALLAS, June 22 /PRNewswire/ -- Enserch Exploration Partners, Ltd.
(EP), ENSERCH Corporation's (NYSE: ENS) 99.2 percent-owned oil and gas limited partnership, has a 25 percent working interest in a discovery well drilled on Green Canyon Block 254 in the Gulf of Mexico.
The discovery well was drilled to a total depth of 16,225 feet in a water depth of 3,225 feet. More than 300 feet of net oil pay were encountered in multiple Pliocene sands below 13,000 feet. Formation evaluation by wireline logs, wireline tests and sidewall cores indicates the reservoir characteristics of these sands are excellent, according to Gary J. Junco, president of Enserch Exploration, Inc., EP's managing general partner. Information presently available is insufficient to determine the commercial viability of this project. The Green Canyon discovery is located downdip of the prolific "flex trend" in the northern Green Canyon outer continental shelf area where significant Plio-Pleistocene age fields have been reported to have reserves ranging between 50 million and 300 million barrels of oil. In the May Gulf of Mexico lease sale, EP recently was awarded Green Canyon Block 210, a deep-water block offsetting Block 254. EP also holds varying interests in several other Green Canyon blocks in the discovery area. ENSERCH is a diversified energy, engineering and construction company. EP conducts substantially all of the domestic oil and gas operations of ENSERCH. -0- 6/22/92 /NOTE TO EDITORS: Correct styles are ENSERCH Corporation and Enserch Exploration Partners, Ltd./ /CONTACT: Crystal Bell of ENSERCH Corporation, 214-670-2528/ (ENS) CO: Enserch Exploration Partners Ltd. ST: Texas IN: OIL SU: Ens
LR -- NY021 -- 2281 06/22/92 10:07 EDT
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|Date:||Jun 22, 1992|
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