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
The intertwining of politics and business of the Petrobras scandal, however, serves as a reminder of Brazil’s dark decade of the eighties when business and political interests were too closely aligned, functioning on the wrong side of the Law.
Argentina focused Madalena increases 2014 production by 165%, adds significant conventional reserves
Madalena Energy (CVE:MVN) (OTC:MDLNF), which is an Argentina focused oil and gas energy company, increased its conventional oil and gas reserves on its conventional assets alone by 297% in 2014 through a highly accretive acquisition and successful horizontal drilling in Argentina.
Calvalley, which has most of its operations in Yemen, said that it would liquidate and restructure the Company as part of an arrangement with Calvalley Energy Limited, a wholly-owned subsidiary of Calvalley (based in Cyprus), under the Canada Business Corporations Act.
Madalena, an Argentina focused E&P with a portfolio of prime unconventional assets and resource plays, is focused on applying North American based horizontal technology to unlock significant upside across its strategic resource plays.
The three well appraisal program has allowed Deloitte and Niko to better understand the reservoir after the first appraisal well, MJ‐A1, in the Northern Fault retuned favorable results.
Investors interested in McMoRan Exploration Co recently viewed
- Nostra Terra Oil & Gas (AIM: NTOG) New oil in old fields
- 3D Oil (ASX: TDO) Emerging energy producer in a rapidly growing market
- TomCo Energy (AIM: TOM) US Oil Shale developer in Utah
- Gulf Keystone Petroleum Ltd. (AIM: GKP) Oil & Gas exploration and production in North Africa and the Middle East
- Jupiter Energy (AIM: JPR) Unlocking the potential of Mangistau region