Anadarko (APC) Gulf Discovery is Significant
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Shenandoah Oil Play a Boon for Cobalt International (CIE) - Analyst
March 20, 2013 12:20 PM EDTUBS raised its price target on Cobalt International Energy (NYSE: CIE) from $33 to $36 following the bullish Shenandoah #2R appraisal, which the company owns a 20% stake in. The firm maintained their Buy rating.
The Shenandoah well encountered >1,000 net feet of high quality oil pay in... More
ConocoPhillips (COP) Reports Significant Appraisal of Shenandoah WR51-2 (APC) (MRO)
March 20, 2013 9:13 AM EDTConocoPhillips (NYSE: COP) announced a significant oil discovery from its recently drilled Shenandoah appraisal in the deepwater Gulf of Mexico. The WR51-2 Shenandoah appraisal well encountered more than 1,000 feet of net pay in high-quality Lower Tertiary-aged reservoirs.
The potential of the Shenandoah discovery, combined with very positive indicators of hydrocarbons in the nearby Coronado well, further strengthens our position in the Lower Tertiary Play, said Larry Archibald, senior vice president, Exploration. We believe this discovery could be material and, together with the doubling of our deepwater Gulf of Mexico acreage position in... More
