ChevronTexaco reports deepwater Gulf of Mexico oil discovery in Jack prospect

ChevronTexaco Corp. reported a deepwater oil discovery on Walker Ridge Block 759, which lies in the Jack prospect 270 miles southwest of New Orleans. The Jack No. 1 discovery well encountered more than 350 ft of net pay oil sands.

Sept. 9, 2004

By OGJ editors

HOUSTON, Sept. 9 -- ChevronTexaco Corp. reported a deepwater oil discovery on Walker Ridge Block 759, which lies in the Jack prospect 270 miles southwest of New Orleans.

The Jack No.1 discovery well, in 6,965 ft of water, was drilled to 29,000 ft TD on July 29 and encountered more than 350 ft of net pay oil sands. Further appraisal drilling is planned to further define the extent of the discovery.

ChevronTexaco, which operates the block, owns a 50% working interest in Jack. Partners are Oklahoma City-based independent Devon Energy Corp. 25%, and EnCana Gulf of Mexico LLC 25%.