Exxon: New Discovery in U.S. Gulf

Recent news following some post-moratorium drilling south of LA.

 

http://www.upi.com/Business_News/Energy-Resources/2011/06/08/Exxon-...

 

from the article...

 

Exxon Mobil announced two major oil discoveries and one natural gas discovery while drilling in 7,000 feet of water south of Louisiana.

Steve Greenlee, president of Exxon Mobil Exploration Company, said the recoverable resource potential in the area is more than 700 million barrels of oil equivalent.

"This is one of the largest discoveries in the Gulf of Mexico in the last decade," he said in a statement.



Read more: http://www.upi.com/Business_News/Energy-Resources/2011/06/08/Exxon-...

Views: 42

▶ Reply to This

Replies to This Discussion

Permalink Reply by P.G. on June 9, 2011 at 4:15
What do they mean by "Oil equivalent"?
Permalink Reply by P.G. on June 9, 2011 at 11:48
So when they say 700 million barrels of oil equivalent, they aren't necessarily saying they found that much oil...
Permalink Reply by The_Baron on June 10, 2011 at 5:00
it makes it easier for the finace guys to understand P.G.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Looking Back At The Haynesville Shale - A Retrospective

Looking Back At The Haynesville Shale - A Retrospective
2 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
3 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
4 Aethon looks for Buyers of its Haynesville Assets

Aethon looks for Buyers of its Haynesville Assets
5 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
6 Comstock October Presentation

Comstock October Presentation
7 Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service