ConocoPhillips (COP) Reports Another Gulf Oil Discovery Near Shenandoah
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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
