Just 10 miles off the coast of Louisiana, a New Orleans company has made one of the largest Gulf of Mexico energy discoveries in decades. McMoRan Exploration Co. reports that its ultra-deep well in its Davy Jones prospect was drilled in shallow water--only 20 feet deep--down to more than 28,000 feet beneath the ocean floor where the company found huge amounts of natural gas in a 135-feet thick sand formation.
The Houston Chronicle reports that the size of the discovery ranges from 2 trillion to 6 trillion cubic feet of natural gas. And it's believed the discovery will encourage more exploration in shallow waters close to shore where drilling has been occurring for nearly 100 years.
President of the Louisiana Oil and Gas Association Don Briggs told The Times-Picayune that there's an incorre... more »
© Copyright 2012 API. All Rights Reserved. To learn more about API,
Comments