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McMoRan Touts 'Sizable Reserves' at Sub-Salt, Ultra-Deep Trend
McMoRan estimates 546.7 Bcfe of proved, probable and possible oil and gas reserves at the Lineham Creek ultra-deep exploratory well located onshore South Louisiana.
7:00 PM EST | February 19, 2013
McMoRan Preps Davy Jones Well for Fracking Ops
McMoRan is developing plans at the Davy Jones No. 1 well to pump a hydraulic fracture treatment into the wellbore.
7:00 PM EST | January 30, 2013
McMoRan's Latest Efforts at Davy Jones Site Meet 'Limited Success'
McMoRan Exploration Co. said its latest drilling efforts in the Davy Jones prospect in the Gulf of Mexico met with "limited success."
7:00 PM EST | December 27, 2012
FCX to Acquire McMoRan, Plains E&P for $20B
Freeport-McMoRan Copper & Gold Inc., Plains Exploration & Production Company and McMoRan Exploration Co. announced today that they have signed definitive merger agreements under which FCX will acquire PXP.
7:00 PM EST | December 04, 2012
McMoRan Working to Clean Out Perforations at Davy Jones Well
McMoRan provided an update on the production test at its Davy Jones prospect in the shallow waters of the Gulf of Mexico and said it is working to clean out the perforations at the well.
7:00 PM EST | November 25, 2012
McMoRan Exploration 3Q Loss Widens as Production Misses Forecast
McMoRan's 3Q loss widened as the natural-gas exploration company's average daily production fell short of its prior guidance, partly due to Hurricane Isaac.
8:00 PM EST | October 18, 2012
McMoRan Notes Workover Activities at Davy Jones
McMoRan Exploration Co. provides an update on the Davy Jones No. 1 workover currently in progress on South Marsh Island Block 230.
8:00 PM EST | July 29, 2012
Blake International Signs Two New Workover Rig Contracts
Blake International has entered into contracts for use of the Blake Rig 14 and Blake Rig 210 in the US Gulf of Mexico.
8:00 PM EST | July 18, 2012
McMoRan Achieves Technical Completion at Davy Jones Well
Technical completion has been achieved successfully at the Davy Jones No. 1 well and work is ongoing to establish commercial production from the well, reported McMoRan Exploration.
8:00 PM EST | April 08, 2012
McMoRan Updates Flow Testing Ops at Davy Jones Well
McMoRan Exploration Co. announced continuing progress to flow test the Davy Jones No. 1 well on South Marsh Island Block 230.
8:00 PM EST | March 26, 2012
McMoRan Ramps Up 4Q11 Production
"We are enthusiastic about the progress of our deep drilling activities, which has provided confirmation of our geologic model," said James R. Moffett and Richard Adkerson.
7:00 PM EST | January 16, 2012
McMoRan Begins Drilling at La. Prospect, Updates GOM Ops
McMoRan reported completion operations at Davy Jones No. 1 and the commencement of drilling at the Lineham Creek sub-salt exploration prospect located onshore in south Louisiana.
7:00 PM EST | January 04, 2012
McMoRan Strikes Additional Hydrocarbons at Ultra-Deep GOM Prospect
McMoRan announced that its Lafitte ultra-deep prospect, which is located on Eugene Island Block 223 in approximately 140 feet of water, has encountered additional hydrocarbons.
7:00 PM EST | November 14, 2011
McMoRan Begins Exchange Offer for Senior Notes
McMoRan announced an offer to exchange up to $74.7 million aggregate principal amount of 5 1/4% Convertible Senior Notes due 2011 for an equal principal amount of newly issued 5 1/4% Convertible Senior Notes due 2012.
8:00 PM EST | September 07, 2011
McMoran Looks Ahead at Reserve, Production Profile
"Our ongoing exploration drilling and flow testing of the Davy Jones wells in the coming months have the potential to enhance our reserve and production profile meaningfully," commented James R. Moffett and Richard Adkerson.
8:00 PM EST | July 18, 2011
McMoran Unveils Davy Jones Find; Affirms Shallow-Water Projects' Safety
McMoRan confirmed that its ultra-deep drilling programs in shallow waters of the GOM can be pursued safely, and unveiled more finds in its Davy Jones prospect.
8:00 PM EST | June 28, 2011
McMoRan Shines in 1Q11 Operations
"'Buried Treasures on the Shelf,' characterizes our deep drilling activities in the shallow waters of the GOM and highlights the significance of this developing trend," commented James Moffett and Richard Adkerson.
8:00 PM EST | April 17, 2011
McMoRan Runs at Rate of 54 MMcf/d at Laphroaig Well
McMoRan announced a successful production test at the Laphroaig No. 2 well in St. Mary Parish, Louisiana.
8:00 PM EST | April 12, 2011
McMoRan Updates Activities in GOM
McMoRan updated its shallow water GOM exploration and development activities, including updates on the Laphroaig #2, Hurricane Deep and Boudin deep gas wells, and other development and production activities.
8:00 PM EST | March 27, 2011
Global Industries Secures Multiple McMoRan Decommissioning Projects in GOM
Global Industries has been awarded multiple projects by McMoRan for the decommissioning and abandonment of seven GOM production platforms.
7:00 PM EST | March 06, 2011
McMoRan Unlocks Natural Gas at Davy Jones Appraisal Well
McMoRan announced results from interim logging operations at the Davy Jones offset appraisal well located on South Marsh Island Block 234 in 20 feet of water.
7:00 PM EST | February 03, 2011
McMoRan Reports 4Q Results for 2010
"We look forward to a very active year of exploration and development as we continue to define the potential of our prospects on the GOM Shelf," said James R. Moffett and Richard Adkerson.
7:00 PM EST | January 18, 2011
PXP Finalizes GOM Asset Divestment
PXP has completed the divestment of its Gulf of Mexico shallow water shelf properties to McMoRan Exploration.
7:00 PM EST | December 30, 2010
McMoRan Welcomes New Board Members
McMoRan announced the appointment of James C. Flores and John F. Wombwell to its Board of Directors.
7:00 PM EST | December 30, 2010
McMoRan Gains Ground at GOM Prospects
McMoRan updated its shallow water GOM exploration and development activities, including in-progress drilling at 3 ultra-deep prospects and two deep gas prospects and other activities.
7:00 PM EST | December 01, 2010
McMoRan Updates Financial, Operational Activities for 3Q10
"Our active drilling and development program and the success of our recent activities provides confidence as we continue to test the multi-Tcf potential of our exploration targets and initiate production from our discoveries," said Moffett & Adkerson
8:00 PM EST | October 17, 2010
PXP to Divest GOM Shallow Water Assets for $818MM
PXP has executed an agreement with McMoRan to divest its interests in GOM shallow water properties for a combination of cash and stock.
8:00 PM EST | September 19, 2010
McMoRan Notes Drilling Activities in GOM
McMoRan updated its shallow water Gulf of Mexico exploration activities, including in-progress drilling at the Blackbeard East and Davy Jones ultra-deep prospects.
8:00 PM EST | September 19, 2010
McMoRan Posts Private Placement of $900MM
McMoRan will privately issue $900 million in convertible securities upon completion of its acquisition of Plains Exploration & Production Company's shallow water GOM shelf assets.
8:00 PM EST | September 19, 2010
McMoRan Spies Hydrocarbons at Blueberry Hill
McMoRan announced that the Blueberry Hill #9STK1 well indicates a possible hydrocarbon bearing zone.
8:00 PM EST | August 02, 2010
McMoRan Remains 'Focused, Optimistic' for Future Ops
"We remain focused and optimistic on the significant opportunities for McMoRan as we define the potential of our deep and ultra-deep drilling in the shallow waters of the GOM," said James Moffett.
8:00 PM EST | July 18, 2010
McMoRan Exploration Updates Shallow Water Activities in GOM
McMoRan updated its shallow water GOM exploration activities, including potential hydrocarbon bearing zones at the Blueberry Hill deep gas sidetrack location and in-progress drilling at the Davy Jones and Blackbeard East ultra-deep prospects.
8:00 PM EST | July 07, 2010
McMoRan Exploration Shuffles Management
McMoRan Exploration announced the appointment of A. Peyton Bush, III, and William P. Carmichael to its Board of Directors.
8:00 PM EST | June 08, 2010
McMoRan Appoints New CEO
McMoRan Exploration announced that James R. Moffett will be named to the additional role of President and Chief Executive Officer.
8:00 PM EST | May 02, 2010
McMoRan Bets On Ultra-Deep Drilling Success
"With its Davy Jones discovery, McMoran has definitely renewed interest in the shelf," said Zoe Sutherland, an analyst at consultancy Wood Mackenzie. "They are really pushing the boundaries of technology in a completely new territory."
8:00 PM EST | April 27, 2010
McMoRan Exploration Reports 1Q Earnings
McMoRan Exploration reported a net loss applicable to common stock of $66.2 million, $0.74 per share, for the first quarter of 2010.
8:00 PM EST | April 18, 2010
McMoRan Declares Quarterly Cash Dividends
McMoRan has declared two quarterly cash dividends payable on May 15, 2010 to holders of record as of May 1, 2010.
8:00 PM EST | April 14, 2010
PXP Expands Project Inventory in GOM
Plains Exploration & Production and its partners are apparent high bidders on 44 blocks in the Central Gulf of Mexico.
8:00 PM EST | March 21, 2010
McMoran Fills Treasure Chest at MMS Sale
McMoRan submitted apparent high bids on 17 of 19 blocks on the Shelf totaling $9.4 million. Apparent high bids are subject to a review process by the MMS before they can be awarded.
8:00 PM EST | March 16, 2010
AGR Lends a Hand to McMoRan in GOM Campaign
AGR FJ Brown is providing engineering consultation and drilling management support to McMoRan during a major exploration campaign in the Gulf of Mexico.
7:00 PM EST | February 15, 2010
McMoRan Logs Additional Pay at Davy Jones
McMoRan has logged 65 net feet of additional pay at its Davy Jones ultra-deep well in the Gulf of Mexico.
7:00 PM EST | January 19, 2010
McMoRan Posts Narrow 4Q Loss
McMoRan's fourth-quarter 2009 oil and gas revenues totaled $128.0 million, compared to $111.8 million during the fourth quarter of 2008.
7:00 PM EST | January 18, 2010
McMoRan Posts 4Q Production; Touts GOM Activity
Fourth-quarter 2009 production averaged 209 MMcfe/d net to McMoRan, compared with 162 MMcfe/d in the fourth quarter of 2008.
7:00 PM EST | January 18, 2010
Davy Jones to Add Significantly to McMoRan's Reserves
Independent reservoir engineers' estimates of McMoRan's proved oil and gas reserves as of December 31, 2009, were 271.9 Bcfe.
7:00 PM EST | January 18, 2010
McMoRan Declares Quarterly Cash Dividends
McMoRan has declared two quarterly cash dividends payable on February 15, 2010 to holders of record as of February 1, 2010.
7:00 PM EST | January 17, 2010
Natural Gas Find May Spur Interest in Shallow Gulf Waters
Mostly left for dead years ago by Big Oil, the shallow waters of the Gulf of Mexico are likely to get a second look by companies of all sizes after word Monday of what may be one of the largest discoveries in the area in decades.
7:00 PM EST | January 11, 2010
McMoRan Makes Ultra-Deep Discovery at Davy Jones
McMoRan has made a discovery on its Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in approximately 20 feet of water.
7:00 PM EST | January 10, 2010
McMoRan Updates on Deepwater GOM Exploration Activities
McMoRan has provided an update on its Gulf of Mexico exploration activities, including updates on in-progress wells at the Davy Jones ultra-deep prospect, the Blueberry Hill offset appraisal well and the Hurricane Deep sidetrack well.
7:00 PM EST | December 28, 2009
McMoRan Reports Lower 3Q Revenues Than Previous Year
McMoRan's third-quarter 2009 oil and gas revenues totaled $105.8 million, compared to $282.7 million during the third quarter of 2008.
8:00 PM EST | October 18, 2009
McMoRan Underscores 3Q E&P Activities in Gulf of Mexico
McMoRan Exploration has provided an update on its exploration and production activities in the Gluf of Mexico with highlights from the third quarter 2009.
8:00 PM EST | October 18, 2009