McMoRan engage in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area. Our exploration strategy is focused on the “deep gas play,” drilling to depths of 15,000 to 25,000 feet in the shallow waters of the Gulf of Mexico and Gulf Coast area to target large structures in the Deep Miocene, and on the “ultra-deep gas play” below 25,000 feet. We have one of the largest acreage positions in the shallow waters of these areas, which are our regions of focus.
17/04/12McMoRan Exploration posts Q1 profit, revenues fall
19/07/11McMoRan widens Q2 losses
20/09/10Plains Exploration sells shallow water Gulf of Mexico assets to McMoRan for $818m in cash and stocks
19/01/10McMoRan Exploration reports 271.9 bcfe year end gas reserves, hits major didscovery at Davy Jones
Recent Sector News
Tethys Petroleum's (LON:TPL) (TSE:TPL) shares rocketed higher on Thursday after the company said it completed its third successful shallow gas well of the year in Kazakhstan.
Gondwana Oil Corp. (CSE:GO) has said that it had "constructive and cooperative" discussions with the Ministry of Energy and Petroleum in Ghana last week, anticipating confirmations from the government body imminently on the acquisition of an interest in the Offshore Cape Three Point South block.
Caza Oil & Gas (LON:CAZA) (TSE:CAZ) has revealed another bumper well result from the Bone Springs play in New Mexico, with the West Copperline 29 Fed 2H flowing at a rate of 1,366 barrels oil equivalent per day (boepd).
Edge Resources (LON:EDG) (CVE:EDE) is on track for “another excellent quarter” as it continues to reach new production and revenue milestones, says chief executive Brad Nichol.
New Zealand Energy boosts production in March, April output to increase further; 2013 year-end reserves more than double
New Zealand Energy (CVE:NZ)(OTCQX:NZERF) increased production in March after adding two wells last month, and said that workover activities on its new TWN licenses are on track with the expectation that two additional wells will further boost oil output in April.
Tethys Petroleum (LON:TPL) (TSE:TPL) chairman David Robson said in this morning’s full year results that 2013 was a landmark year.
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