McMoRan Spies Hydrocarbons at Blueberry Hill

The Blueberry Hill No. 9 STK1 well has reached to a true vertical depth of 23,630 feet (7,202 meters), identifying hydrocarbon-bearing sands measuring 105 feet (32 meters). Wireline logs are necessary to fully evaluate the identified section. McMoran will continue to deepen the well to a proposed total depth of 24,000 feet (7,315 meters). The Blueberry Hill gas field is located on Louisiana State Lease 340 in 10 feet (3 meters) of water in the Gulf of Mexico. McMoRan serves as the operator, holding a 42.9% interest; PXP holds the remaining 47.9% interest.

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