McMoRan sees Davy Jones find revitalizing much of gulf shelf

An apparent Eocene-Paleocene discovery just off the central Louisiana coast could eventually produce 2 tcf of gas or more from Wilcox, appears to have shallower Eocene pay, and is being deepened to test more of the Paleocene section, said McMoRan Exploration Co., New Orleans.McMoRan cautioned that flow tests and confirmation drilling are needed to identify the content of liquids, if any, in the hydrocarbons and the areal extent of the Wilcox sands, but it hailed the Davy Jones well as an important data point in overall Gulf Coast/Gulf of Mexico exploration.The Davy Jones well, in 20 ft of water 10 miles south of Marsh Island, La., is about 85 miles south of the nearest deep Wilcox product...

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