The Mississippi Canyon 296 #1 well was drilled to a total depth of about 16,200' and encountered 140' of gross gas pay in the main Rob E objective. Additional pay was found in a shallow objective that may allow for a future recompletion. The well has been temporarily abandoned for future use as a subsea completion. Information obtained from the drilling of the well is being evaluated to determine final net pay counts, reserve estimates and development scenarios.
The Rigel development is operated by Dominion Exploration & Production Inc., a wholly owned subsidiary of Dominion (NYSE: D). Newfield owns a 25% working interest in the project.
Newfield Exploration is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy that includes balancing acquisitions with drill bit opportunities. Newfield's areas of operation include the Gulf of Mexico, the onshore U.S. Gulf Coast, the Anadarko and Arkoma Basins and select international ventures.
Newfield Exploration Company For information, contact: 363 N. Sam Houston Parkway East, Ste. 2020 Steve Campbell Houston, TX 77060 (281) 847-6081 www.newfld.com email@example.com
Source: Newfield Exploration Company