Operations are underway to commence drilling on these blocks with the first well expected to spud on the Mustang Island 736 prospect sometime in June. Hazard surveys have been acquired on several of the other former Pearl blocks to facilitate the permitting process while potential partners and rigs are being pursued. It is planned to drill a minimum of three exploratory wells on the former Pearl blocks by the end of 2007.
Clint Coldren, President of Bayou Bend, commented, "We are pleased to have this deal wrapped up and we look forward to great success as our drill campaign kicks off during the summer on our top Gulf of Mexico prospects."
Bayou Bend is an oil and gas exploration and production company with a focus in the Gulf of Mexico shallow water shelf area. The Company has lease interests in the State Waters of Louisiana near Marsh Island and owns a 100% interest in several Federal OCS blocks offshore Louisiana and Texas. The Company has an aggressive drilling program planned for 2007 including a minimum of 7 exploration wells.
Most Popular Articles
From the Career Center
Jobs that may interest you