W&T Sanctions Development of Daniel Boone
W&T Offshore has sanctioned development of its Green Canyon Block 646 prospect ("Daniel Boone"). The discovery well was drilled in 2004 to a total measured depth of 12,365 feet. Daniel Boone is located approximately 119 miles off the coast of Louisiana in 4,230 feet of water. The discovery well encountered approximately 275 feet of high quality oil and natural gas-bearing sands. W&T intends to produce the well via a subsea production system tied back to the Front Runner spar, which is operated by Murphy Oil. W&T owns a 60% working interest in Daniel Boone and is the operator.
Tracy W. Krohn, Chairman and Chief Executive Officer, stated, "We believe the timing is excellent to commence the development of Daniel Boone and expect first production in second half 2009. It has taken a considerable amount of time to finalize the details of the project and locate the optimal facility to deliver the production. Development costs for Daniel Boone are included in our previously announced 2008 capital budget."
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension