The project comprises 5,000 acres in the Gulf of Mexico Outer Continental Shelf offshore Louisiana. The prospect is a structural pressured Miocene test with strong amplitude and AVO support. The well will be drilled to a depth of 14,250' TVD/MD. If successful, the well will be completed and tied into existing infrastructure.
"This is an exciting day for Bayou Bend to spud its first well in the Federal Waters of the Gulf of Mexico. This will be the first of three scheduled projects in the Federal Waters in 2007," commented Clinton W. Coldren, President and Chief Executive Officer of Bayou Bend.
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.
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