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
First Sahara Energy (CNSX:FSE) is continuing in its efforts to refocus itself exclusively on oil and gas, announcing today another boost to its portfolio in a letter of intent to farm-in on Calgary-based Liberty Oil & Gas' Black River prospect at Dover East in southwestern Ontario.
First Sahara Energy (CNSX:FSE) is on the cusp of some major changes that could reposition it in the oil and gas market, making it a prime candidate for our Proactive One2One Investor forums, with the company set to present with us across Canada next week.
First Sahara Energy (CNSX:FSE) is spinning out its mineral properties through another public company in the first quarter of next year, the company announced Monday.
Tethys Petroleum (LON:TPL) (TSE:TPL) is preparing the Doto well in Kazakhstan for a testing program after hydrocarbon indications were observed in the targeted Cretaceous and Jurassic sections, it said in an operations update on Wednesday.
New Zealand Energy on its way to solid production profile with completion of six reactivated wells in Taranaki
New Zealand Energy (CVE:NZ)(OTCQX:NZERF) has reactivated six wells on its newly acquired licenses in the Taranaki Basin as part of its plan to boost production and cash flow, with the wells already flowing in to the Waihapa production station, which was also purchased together with the new assets.
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