Stone Energy Corporation drilled two successful oil development wells -- Frost Up and Buzzjet -- in the Gulf of Mexico during the third quarter 2011. Frost Up is the seventh consecutive successful well at the Amberjack field, and Buzzjet is the second consecutive successful well at Ship Shoal 113 field. Both wells are currently being completed, with production expected in November. In deep water, Stone Energy’s Pyrenees development project is progressing, with production expected for the first quarter of 2012.
ATP Oil & Gas reported that drilling operations at the fourth Telemark Hub well at Mississippi Canyon (MC) Block 942 #2 have been completed. ATP encountered 167 feet of new net pay sands above pre-drill estimates. These sands are in addition to the 72 feet of logged net oil pay seen in the original target sand. With this additional pay sand, ATP is modifying completion plans for well #2 and now expects to complete both hydrocarbon sands and establish production in late January 2012.