El Paso Turns on the Taps at West Cameron

El Paso says that its West Cameron 75 and 62 new-field discoveries are online and currently flowing at a gross rate of approximately 52 million cubic feet equivalent per day (MMcfe/d), or approximately 20 MMcfe/d net to El Paso's interest. These wells are located about 12 miles offshore of Cameron, Louisiana, in 32 feet of water. El Paso Exploration & Production Company operates both wells and has a 36-percent net revenue interest (NRI) in the West Cameron 75 well and a 54-percent NRI in West Cameron 62.

"Bringing West Cameron 75 and 62 online is an important step in achieving our 2006 production guidance of 825-850 MMcfe/d," said Lisa Stewart, president of El Paso Exploration & Production. "In addition to the contribution from these two important discoveries, we have six Gulf of Mexico (GOM) and south Louisiana discoveries that will begin flowing over the course of the year, and we will begin drilling 14 additional GOM and south Louisiana wells by year end. We also have an extensive GOM workover program plus 24 MMcfe/d of hurricane shut in volumes that we expect to recover before year end. These activities, along with a steady increase in volumes from our onshore drilling program, and performance that is ahead of plan for our Texas Gulf Coast and International groups, position our program to achieve significant production growth over the balance of the year."

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