Energy Partners revealed that its South Pass 37 No. 9 exploratory well, known as the Grizzly Prospect, had been plugged and abandoned as a dry hole. The well is located six miles off the Louisiana coast in approximately 105 feet of water. The well was drilled by Pride Offshore's jackup, Pride Georgia. This high risk, high potential well was drilled directionally to a total vertical depth of 9,917 feet.
EPL owns a 62.5% working interest in the well and is the operator. EPL's net share of the dry hole cost of the well is estimated at $1.3 million.