Your web browser is out of date. Update your browser for more security,
speed and the best experience on this site.
You have successfully subscribed to the newsletter!
04 09, 2012 by The Times-Picayune
Independent petroleum producer McMoRan Exploration Co. says work is under way to begin commercial natural gas production from its Davy Jones No. 1 well off the Louisiana coast.
McMoRan has said the area -- consisting of four lease blocks in the shallow-water Gulf of Mexico shelf -- could contain 2 to 6 trillion cubic feet of natural gas. The company said a pressure buildup was followed by a gas flare from the well. McMoRan said initial samples indicated the natural gas is high quality.
McMoRan said blockage from drilling fluid has prevented the company from getting a measurable flow rate. Operations are under way to remove tubing from the well and clear drilling fluid to get a flow rate during the second quarter, followed by commercial production soon after that.
The company holds a 63.4 percent working interest and a 50.2 percent net revenue interest in Davy Jones. Other working interest owners include: Energy XXI, with a 15.8 percent stake; JX Nippon Oil Exploration (Gulf) Ltd., with a 12 percent working interest; and Moncrief Offshore LLC, with a 8.8 percent stake.
Sep 30, 2021 | LMOGA
Aug 25, 2021 | LMOGA
Aug 11, 2021 | LMOGA
Jun 18, 2021 | LMOGA