UPDATE 2-McMoRan to test US Gulf well by month-end

Jul 18, 2012 Full story: Reuters

Oil and natural gas producer McMoRan Exploration Co said its Gulf of Mexico well is likely to start commercial production shortly after it measures the rate of flow from the well during the week of July 30.

Full Story
Dwight Baker

Eagle Pass, TX

#1 Jul 19, 2012
No boots on the ground Wall Street makes demands.
By Dwight Baker
Dbaker22@stx.rr.com
7/19/12
ARTICLE
McMoRan to test US Gulf well by month-end
http://www.reuters.com/article/2012/07/17/mcm...

EXCERPT
Analysts said it was imperative for the company to start commercial production from the well as a majority of its capital expenditure is locked up there.

MY TAKE
Finding a good place to drill is a hard thing. When finding that GLORY HOLE it must be a slow go securing all before taking out of the ground.

Yet for those on Wall Street they have one thing on their mind and that is to have another offering to again refill their corrupted coffers.

If so then we must ask WHY and WHO runs the wheels of Capitalism?

It is NOT the ones who know best it is the Greedy Bastards on Wall Street that grease the wheels of Capitalism.

In this NEW GLORY HOLE found by McMoRan lets hope and pray that the testing does not turn into another Catastrophic Failure as the BP blowout proved out to be.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Oil & Gas Discussions

Title Updated Last By Comments
The DOE Quadrennial Energy Review on State, Loc... Mon john ford 1
Two accused of burglary, trespassing in Union P... Sep 12 Not Surprised 1
BP ruled 'grossly negligent' in Gulf oil spill Sep 11 Tuco Blondie 4
Kansas task force: No clear answers as to whata... Sep 4 Ted 1
Hi Sep 3 Ianoilandgas 1
U.S.-Russia sanctions rhetoric shakes companies... (Mar '14) Sep 1 Robert Burns 6
Sanctions for Russia will influance: Aug 31 Arthur Le 0
•••
Enter and win $5000
•••

Oil & Gas People Search

Addresses and phone numbers for FREE

•••