Kerr-McGee has deepwater gas field at Red Hawk prospect in gulf

Kerr-McGee Corp. said Monday it has a gas-condensate discovery at its Red Hawk prospect in the deepwater Gulf of Mexico.

Oct. 22, 2001

By the OGJ Online Staff

HOUSTON, Oct. 22 -- Kerr-McGee Corp. said Monday it has a gas-condensate discovery at its Red Hawk prospect in the deepwater Gulf of Mexico.

A 23,500-ft wildcat on Garden Banks Block 877, in more than 5,300 ft of water, encountered more than 135 ft of gas and gas condensate pay in two zones. A successful updip appraisal sidetrack to the discovery encountered about 175 ft of gas and gas condensate pay.

Luke R. Corbett, Kerr-McGee chairman and CEO, said, "Located south of the Baldpate and Conger developments in an area where we currently hold 21 blocks, this discovery continues our long-term strategy of developing core areas in high-potential trends."

Kerr-McGee estimated Red Hawk reserves to be in the range of 300-500 bcf. It plans to drill an appraisal well south of the discovery to further evaluate the field. Development options are being evaluated.

Kerr-McGee operates Red Hawk with a 50% interest and Ocean Energy, Inc. holds the rest. The two companies expect to drill another deepwater gulf prospect, South Titan on Walker Ridge Block 313, before yearend.