(Source: Shutterstock.com)
Eni announced on March 17 its Yatzil exploration well in the Mexican Gulf of Mexico found an estimated 200 MMboe of reserves in place.
The new find in Block 7 is about 25 km away from other discoveries, and contributes to the potential cluster development of several prospects nearby, the operator said in a press release.
The Valaris DPS5 semi drilled the well in the Sureste Basin in 815 ft water depth to 8,008 ft total depth. The well found more than 130 ft of net pay sands with good quality oil in the Upper Miocene sequences. Eni said extensive subsurface data collection confirmed the oil had excellent petrophysical properties.
The Yatzil-1 EXP well was Eni’s eighth successful well in the Sureste Basin. It was also the second commitment well in Block 7. Eni had previously reported the the Saasken and Sayulita discoveries in Block 10.
Eni operates Block 7 with 45% interest on behalf of partners Capricorn with 30% and Citla Energy with 25%.
Recommended Reading
Prairie Has Big Plans in the D-J, But Will Pump Brakes on $50 Oil
2025-05-22 - Prairie Operating Co. CFO Greg Patton says the company aspires to produce 100,000 bbl/d as it looks for its next M&A opportunity.
Infinity Eyeing ‘Lower Level’ Utica M&A in the Short Term
2025-06-24 - Infinity Natural Resources is focusing its attention on “lower level” M&A in Ohio’s Utica Shale as large-scale deals take shape in the Appalachian Basin, CEO Zack Arnold said at SUPER DUG.
E&P Startups X2, Rockcliff Hunt for Large-Scale M&A Amid Price Volatility
2025-05-15 - Private capital is flowing back into shale, with new teams Rockcliff III and X2 Resources zeroing in on overlooked assets in Texas and beyond.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.