Houston-based Apache Corp. delivered an update Dec. 2 on one of the oil and gas industry’s most-watched exploration wells, offshore Suriname, saying it is testing two play types and plans to drill deeper to test a third.

But there was no word yet on whether the Maka Central-1 well had encountered hydrocarbons—apparently disappointing Wall Street as company shares dropped about 13% by midday.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access