Shell Offshore Inc., New Orleans, has reached total depth at its deepwater #1 OCS-G-23502 in the northeastern section of DeSoto Canyon Block 269 in the eastern Gulf of Mexico. The well, in 7,516 ft. of water, is the first of as many as four tests proposed by Shell in its plan of exploration. Shell isn’t alone in the area. Devon Energy Inc., Oklahoma City, is drilling a wildcat in 7,030 ft. of water in DeSoto Canyon 180. The #1 OCS-G-23493 is the company’s Tuscany prospect. The nearest proven well is BP’s King’s Peak in DeSoto Canyon 133. And, a well drilled by Total in nearby Mississippi Canyon 305 tested at 492.3 million cu. ft. of gas a day from Pliocene, according to IHS Energy.
Recommended Reading
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Baker Hughes Hikes Quarterly Dividend
2024-04-25 - Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.