Posted on 01/11/2010 4:32:45 PM PST by Free ThinkerNY
McMoRan Exploration Co. today announced what it said could be one of the largest oil and natural gas discoveries in the shallow waters of the Gulf of Mexico in decades.
The discovery was made at the Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in about 20 feet of water and 10 miles off the Louisiana coast, the New Orleans company and Energy XXI, one of its Houston partners in the project, said in statements this morning.
The well was drilled to 28,263 feet and found a 135-foot column of hydrocarbon-filled sands in the Wilcox section of the Eocene and Paleocene geologic trends.
That puts the estimated the size of the discovery close to 2 trillion cubic feet of resources, rivaling some oil and gas discoveries in the deep water Gulf.
If development drilling confirms what early testing has shown, "this is going to be a huge reserve," McMoRan’s co-chairman, James R. Moffett, said in a conference call this morning.
(Excerpt) Read more at chron.com ...
Nice, but with the ‘rats and liberal socialists in power in DC, we’ll never be able to drill it.
Thank you energy companies, utilities and the free market. If it wasn’t for you - I might have frozen to death during the past week.
In other news the Soros funded democrats in Washington banned shallow water drilling and slapped massive new new taxes on Gulf oil.
And in yet other news, democrats gave another $10 billion low cost loan to Soros’ Petrobras to drill for Brasilian oil.
Obama is saddened.
We must sequester this resource forever so as to protect our wetlands. And the endangered snail darting echidnas. And the fuzzy bunnies.
There’s got to be some kind of endangered critter down there that we can use to shut them down.
Big Fing deal. The traitors running this country will never let us use it.
Any comments on this?
“There’s got to be some kind of endangered critter down there”
Nothin’ but some Bubba Gump shrimps!
Two trillion cubic feet of resources, even if mostly natural gas is worth $10 billion dollars. I believe that "offshore" natural gas gets priority in being shipped to the East Coast.
Wouldn’t it make sense for the Fed to actively start selling oil drilling leases to help pay down the debt? </rhetorical?>
now,my question is does this have something to do with the Fed’s innot helping re-build parts of Louisiana from Katrina?
Anyway, like I was sayin’, shrimp is the fruit of the sea. You can barbecue it, boil it, broil it, bake it, saute it. There, uh, shrimp kabobs, shrimp creole, shrimp gumbo, panfried, deep fried, stir fried. There’s pineapple shrimp, lemon shrimp, coconut shrimp, pepper shrimp, shrimp soup, shrimp stew, shrimp salad, shrimp and potatoes, shrimp burger, shrimp sandwich... that’s, that’s about it.
“jackup rigs that operate in 20-80 feet of water are plentiful and can quickly moved where they are needed”
Drill bit ready
Righto that is a good score. Maybe it will help get the patch going again in shallow water. 28k down is deep. It might be all over out there.
In La it will get drilled. It’s state land and they love oil in Bayou Country.
They are going to drill the field, in and off of Louisiana not much stands in their way. Oil and gas is number one in our economy, followed by agriculture and forestry.
When can the Chinese start drilling?
Its so sad that a man has to laugh about it. We got oil all over the place and these freaks in DC dont care one bit if we starve.
is there a map or diagram anywhere that maps the off shore oil wells around the US and the countries to which they belong?
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