Noble Energy, Inc. announced the Deep Blue exploration well on Green Canyon 723 reached TD 32,684 feet. The well found hydrocarbon pay in multiple Miocene intervals. Noble Energy and partners are proceeding to sidetrack the well to determine the extent and commerciality of the pay zones encountered. Noble Energy operates the well with 33.75% interest; BHP Billiton Petroleum holds 31.875%; Statoil USA E&P, Inc. holds 15.625%, Murphy Oil 9.375%, and Samson Offshore 9.375%. Sidetrack operations are expected to take up to 45 days.
EXCO Resources, Inc. has closed the purchase of Common Resources, LLC jointly with BG Group, plc. The total purchase price paid at the closing was approximately $441.6 million.
ConocoPhillips announced that Jeff Sheets, currently Senior Vice President, Planning & Strategy, will become Senior Vice President, Commercial and Planning & Strategy.
Crimson Exploration reported production for the first quarter of 2010 was 2.8 BCFe compared to production of 4.3 BCFe in the first quarter of 2009. The decrease in production was primarily due to natural field decline, limited capital expenditure activity in 2009 and the first quarter 2010, and the sale of the company’s Southwest Louisiana properties in December 2009.
Swift Energy Company announced ...