Printer Friendly

McMoRan Exploration Co intercepts additional hydrocarbons in the Lafitte ultra-deep exploration well.

M2 EQUITYBITES-November 16, 2011-McMoRan Exploration Co intercepts additional hydrocarbons in the Lafitte ultra-deep exploration well(C)2011 M2 COMMUNICATIONS http://www.m2.com

Natural gas company McMoRan Exploration Co (NYSE:MMR) revealed on Tuesday additional hydrocarbons from its Lafitte ultra-deep prospect on Eugene Island Block 223 in about 140 feet of water.

The company stated that the Lafitte well has been drilled to a true vertical depth of 29,756 feet with wireline logs to 29,740 feet, which indicated 56 net feet of hydrocarbon bearing sand over a 58 foot gross interval in the Cris-R section.

According to the company, the new Cris-R sand interval combined with the 115 feet of potential net pay brings the total possible productive net sands to 171 feet in the Lafitte well. It plans to apply for a permit to deepen the well to a proposed total depth of 32,000 feet to evaluate deeper Miocene and Oligocene objectives.

In addition, the company said Lafitte is its third ultra-deep prospect to encounter Miocene age sands below the salt weld on the GOM Shelf and it holds a 72.0% working interest and a 58.3% net revenue interest in Lafitte.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Nov 16, 2011
Words:208
Previous Article:Basic Energy Services Inc concludes exchange offer on 11 November 2011.
Next Article:Pioneer Drilling Company to launch USD150m senior notes.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters