ExxonMobil Corporation has completed its merger agreement with XTO Energy, Inc. The new organization will continue to be known as XTO Energy, Inc. and maintain its headquarters in Fort Worth, Texas. Jack Williams, a former Vice President of ExxonMobil Development Co., has been elected President of XTO and Keith Hutton, formerly XTO’s Chief Executive Officer, is Executive Vice President of the new organization.
Gulf Coast Western confirmed an oil and gas discovery in their Opelousas field in St. Landry Parish, LA. Flow tests resulted in a production rate of approximately 672 bopd and 3.2 mcf/d.
BP reports that two systems continue to collect oil and gas flowing from the Deepwater Horizon’s failed blow-out preventer (BOP) and transport them to vessels on the surface. Meanwhile, rough seas expected from Tropical Storm Alex could set back BP's efforts to increase subsea oil collection capacity at the gushing Macondo well by about a week, but should not interrupt current collection methods or drilling operations for two relief wells.