By OGJ editors
HOUSTON, Oct. 12 – McMoRan Exploration Co., New Orleans, plans to set a production liner to attempt completion at an apparent discovery in Vermilion Parish, La.
Logging-while-drilling and wireline log data indicate that the Long Point well on State Lease 18090 cut 150 gross ft of hydrocarbon-bearing sands. The wireline log indicated excellent porosity, the company said. TD is 19,000 ft.
El Paso Production Co., from which McMoRan acquired rights to the 5,000-acre prospect, can elect to participate at casing point for a 25% interest.
Besides Long Point, McMoRan said exploration wells are in progress at JB Mountain Deep at South Marsh Island 224, Cane Ridge at Louisiana S.L. 18055, Elizabeth at South Marsh Island Block 230, and Cabin Creek at West Cameron Block 95. The company expects to spud at least two more prospects by the end of 2005.