McMoRan Logs Additional Pay at Davy Jones

Rowan Mississippi
(Click to Enlarge)

McMoRan noted that the Davy Jones ultra-deep well has been drilled from 28,263 feet to 28,603 feet and the well has been logged with pipe-conveyed wireline logs to 28,530 feet. The wireline log results indicated a new hydrocarbon bearing sand that totaled 65 net feet. A porosity (neutron/density) log will be necessary to quantify the porosity in this new sand member.

The new sand interval combined with the 135 feet of net pay announced on January 11, 2010 brings the total possible productive net sands to 200 feet in the Davy Jones well. Flow testing will be required to confirm the ultimate hydrocarbon flow rates from the well.

McMoRan operates the Davy Jones prospect, which was drilled by the Rowan Mississippi jackup, and is funding 25.7 percent of the exploratory costs and holds a 32.7 percent working interest and 25.9 percent net revenue interest. Other working interest owners at Davy Jones include: Plains Exploration & Production Company (NYSE: PXP - News) (27.7%), Energy XXI (NASDAQ: EXXI - News) (15.8%), Nippon Oil Exploration USA Limited (12%), W.A. "Tex" Moncrief, Jr. (8.8%) and a private investor (3%).


Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Storeman|Warehouse Person
Location: Lovell
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
Geologist / Environmental Engineer
Expertise: Environmental Engineer|Geologist
Location: Atlanta, GA
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours