El Paso Production makes gas discovery on Louisiana Lease 340

    May 20, 2003
    El Paso Production Co. , Houston, has made a natural gas discovery with its No. 1 Mound Point prospect well on Lease 340, off Louisiana. The deep shelf wildcat was drilled to 19,024 ft MD, and evaluation of logs and cores indicated three Middle Miocene sands containing a total of 111 ft of net natural gas pay, according to partner Noble Energy Inc., Houston.

    By OGJ editors

    HOUSTON, May 20 -- El Paso Production Co., a unit of El Paso Corp., Houston, has made a natural gas discovery with its No. 1 Mound Point prospect well on Lease 340 off Louisiana.

    The deep shelf wildcat was drilled to 19,024 ft MD, and evaluation of logs and cores indicated three Middle Miocene sands containing a total of 111 ft of net natural gas pay, according to partner Noble Energy Inc., Houston.

    El Paso Production and its partners plan to complete the Mound Point prospect well and to commence production early in the fourth quarter. El Paso Production is operator with a 31.98% working interest, ChevronTexaco Corp. has a 42.98% working interest, Noble Energy owns 24.98%, and a minor partner holds 0.056%.

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