Chevron hits oil in major Gulf of Mexico well

[w¡n9Nµ7 §£@¥€r 123]

Three oil companies, led by Chevron Corp., have successfully drilled for oil in the Gulf of Mexico's deep waters, suggesting there may be more oil in the region that already provides a quarter of U.S. output, the companies said on Tuesday.

During the test, at record depths and pressure, the Jack No. 2 well flowed at a rate of more than 6,000 barrels of crude per day, Chevron said. That puts it on a par with discoveries in exploration hot spots such as the waters off Angola.

With U.S. oil output in decline, big new fields are increasingly rare and oil companies are widening their search to more difficult places. Chevron, the No. 2 U.S. oil company, did not give an estimate of the field's reserves.

[...]

Mike Wittner of investment bank Calyon cautioned that until the size of the field is known, it will be difficult to draw conclusions.

He added, "It seems to be a significant find and there is still life left in the deepwater Gulf of Mexico, particularly as you move into ultra-deep water."

http://ca.today.reuters.com/news/newsArtic...CHEVRON-COL.XML

[type2negative 0]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

[Veiled Princess 1]

[w¡n9Nµ7 §£@¥€r 123]

We should limit each member - 2 new threads per week.

Take it up with Ewok

[Trumplestiltskin 5,791]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

Is it supposed to be funny, I wonder? Perhaps you should limit yourself to one post per year, on February 29th....

Edited September 5, 2006 by erekose

[type2negative 0]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

Is it supposed to be funny, I wonder? Perhaps you should limit yourself to one post per year, on February 29th....

You mean, You dont want me to post at all???.. Well... I Thought. Oh Well...........

[w¡n9Nµ7 §£@¥€r 123]

From the AP:

Chevron Corp. on Tuesday estimated the 300-square-mile region where its test well sits could hold between 3 billion and 15 billion barrels of oil and natural gas liquids. Analysts are calling it the most significant domestic discovery since Alaska's Prudhoe Bay more than a generation ago.

[...]

The successful test well does not mean a huge supply of cheap oil will hit the market anytime soon.

Oppenheimer & Co. analyst Fadel Gheit estimated that the first production for the Chevron-led partnership might not come on line until after 2010, depending on how many more test wells the companies drill.

[Ban Hammer 13,676]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

Is it supposed to be funny, I wonder? Perhaps you should limit yourself to one post per year, on February 29th....

You mean, You dont want me to post at all???.. Well... I Thought. Oh Well...........

i wonder if that means "Restrict or inhibit any other user from using and enjoying the Forums."

Edited September 5, 2006 by charlesandnessa

[Peter Miami 0]

Hi Gupt,

This is very good news for all in the United States. Thank you very much for posting this.

Regards,

Peter Miami

[Trumplestiltskin 5,791]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

Is it supposed to be funny, I wonder? Perhaps you should limit yourself to one post per year, on February 29th....

You mean, You dont want me to post at all???.. Well... I Thought. Oh Well...........

i wonder if that means "Restrict or inhibit any other user from using and enjoying the Forums."

When I pointed out similar behaviour on your part a while back, I seem to remember you suggesting that the behaviour was so widespread as to be simply irrelevant.

In any case, who's asking for "post quotas"?

Edited September 5, 2006 by erekose

[Ban Hammer 13,676]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

Is it supposed to be funny, I wonder? Perhaps you should limit yourself to one post per year, on February 29th....

You mean, You dont want me to post at all???.. Well... I Thought. Oh Well...........

i wonder if that means "Restrict or inhibit any other user from using and enjoying the Forums."

When I pointed out similar behaviour on your part a while back, I seem to remember you suggesting that the behaviour was so widespread as to be simply irrelevant.

In any case, who's asking for "post quotas"?

as you've also been here for so long you should know better

[Trumplestiltskin 5,791]

Is it supposed to be interesting. I wonder. We should limit each member - 2 new threads per week.

Is it supposed to be funny, I wonder? Perhaps you should limit yourself to one post per year, on February 29th....

You mean, You dont want me to post at all???.. Well... I Thought. Oh Well...........

i wonder if that means "Restrict or inhibit any other user from using and enjoying the Forums."

When I pointed out similar behaviour on your part a while back, I seem to remember you suggesting that the behaviour was so widespread as to be simply irrelevant.

In any case, who's asking for "post quotas"?

as you've also been here for so long you should know better

Yes - I should stop answering your posts, it seems to give you the mistaken idea that personal attack = debate.

As I said, at times you seem more content to attack people for their views rather than provide your own. And your opinions are supposedly "crystal clear".

[w¡n9Nµ7 §£@¥€r 123]

Maybe you two should just ignore each other for a while

[I'm Gone 60]

Based on the way things normally work it will be reason for gas prices to go up. LOL

[Trumplestiltskin 5,791]

Based on the way things normally work it will be reason for gas prices to go up. LOL

No doubt