HOUSTON (Dow Jones Newswires), Dec. 1, 2011
Anadarko said Thursday an exploration well in the Gulf of Mexico deepwater found higher-than-expected amounts of natural gas.
Speaking to analysts at Jefferies energy conference in Houston, Anadarko Senior Vice President Chuck Meloy said the company's Cheyenne East well saw 50 feet of high-quality natural pay, higher than the company's has estimates.
The well is expected to start production next year, Meloy added.
Cheyenne East was Anadarko's first well to receive a drilling permit after the government imposed a drilling moratorium last year after the Deepwater Horizon spill.
Anadarko is one of the top oil and gas producers in the Gulf.
Copyright (c) 2011 Dow Jones & Company, Inc.
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