Noble Energy Hits Net Pay at Gunflint Well in U.S. Gulf of Mexico

Mb50's "Liquid Mud" Rant

Noble Energy, Inc. today announced that the second appraisal well at Gunflint well in the Gulf of Mexico, successfully encountered 109 feet of net pay within the primary reservoir targets.

Results of drilling, wireline logs and reservoir data have confirmed an estimated gross resource range(1) of 65 to 90 million barrels of oil equivalent in the primary structure, which was in line with Company expectations. The Mississippi Canyon 992 #1 well, located one mile west of the original discovery well, was drilled to a total depth of approximately 32,800 feet in a water depth of 6,100 feet. Commercial hydrocarbons were not encountered in the deeper exploration objective. Additional exploration potential remains in an adjacent three-way structure to the north, a candidate for future exploration following development of the confirmed resources.

Once operations are completed, the well will be suspended for future use. The net cost of drilling the lower exploration…

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