The Market And Energy Page, Part 2, T+11 -- February 1, 2018; Another Huge Oil Discovery In The Gulf; Mike Filloon Updates The Niobrara - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title The Market And Energy Page, Part 2, T+11 -- February 1, 2018; Another Huge Oil Discovery In The Gulf; Mike Filloon Updates The Niobrara, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : The Market And Energy Page, Part 2, T+11 -- February 1, 2018; Another Huge Oil Discovery In The Gulf; Mike Filloon Updates The Niobrara
link : The Market And Energy Page, Part 2, T+11 -- February 1, 2018; Another Huge Oil Discovery In The Gulf; Mike Filloon Updates The Niobrara

The Market And Energy Page, Part 2, T+11 -- February 1, 2018; Another Huge Oil Discovery In The Gulf; Mike Filloon Updates The Niobrara

I assume this is a different "major" oil discovery than the one reported earlier today. From a press release:

Shell oday announced one of its largest U.S. Gulf of Mexico exploration finds in the past decade from the Whale deep-water well. The well encountered more than 1,400 net feet (427 meters) of oil bearing pay. Evaluation of the discovery is ongoing, and appraisal drilling is underway to further delineate the discovery and define development options.

"Deep water is an important growth priority as we reshape Shell into a world-class investment case," said Andy Brown, Upstream Director for Royal Dutch Shell. "Today's announcement shows how, through exploration, we are sustaining a strong pipeline of discoveries and future projects to sustain this deep-water growth."

Whale is operated by Shell (60%) and co-owned by Chevron U.S.A. Inc. (40%). It was discovered in the Alaminos Canyon Block 772, adjacent to the Shell-operated Silvertip field and approximately 10-miles from the Shell-operated Perdido platform. 

And, look at the thickness of this play: more than 1,400 net feet. Compare that to the earlier story being reported by Chevron: 670 net feet of play.

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Niobrara Update

FWIW, Mike Filloon updates the Niobrara over at SeekingAlpha.

http://ift.tt/2dZyQXu

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