Bayou Bend Spuds Second Marsh Island Well
Bayou Bend Petroleum has commenced drilling its second well on the Marsh Island project located in the Gulf of Mexico, offshore Louisiana. The well is testing the Bootspur Prospect, a large structural trap approximately 1.5 miles southeast from the Company's producing Greylock field. Todco Rig 52 was mobilized to site and Bootspurt #1 spudded on June 24, 2007.
The Boot Spur prospect is a 15700 feet geopressured Cib Op test that will offset the recent Dutch discovery by Contango Oil and Gas Company. The well is expected to reach target depth in approximately 70 days. If successful, the well will be immediately completed and tied-in to the Company's El-7 production facility. The Company has a 35.5809% interest in the well.
The Marsh Island project comprises a quality portfolio of gas/condensate assets onshore/offshore Marsh Island in the Gulf of Mexico, including the 40 MMcfgpd production facility that is tied into the existing regional pipeline infrastructure.
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.
- Contango, Crimson Exploration Pen Merger Agreement (Apr 30)
- Contango Mourns Loss of Founder (Apr 22)
- Contango Spotlights Year-End Results (Aug 29)
Company: Bayou Bend Petroleum Ltd. more info
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