Stone Energy Hits Wet Gas During Rampart Deep Drilling

Stone Energy Corp. (NYSE: SGY) reported the Rampart Deep well encountered about 130 net feet of liquids-rich natural gas pay in three primary zones on Sept 5. Stone generated the prospect and owns a 40% non-operated working interest in the well.

DGE: NOIA Member Spotlight

Based in Houston, Deep Gulf Energy is a privately-held exploration and production company focused solely in the Deepwater Gulf of Mexico. There are three Deep Gulf Energy companies that hold interests in federal leases in the Deepwater Gulf of Mexico, being Deep Gulf Energy LP, Deep Gulf Energy II, LLC and Deep Gulf Energy III, LLC. (Collectively Deep Gulf Energy)

Reaping the rewards of replication

Most of the projects operated by the three Deep Gulf Energy companies for the deep-water US Gulf of Mexico follow a basic subsea tie-back pattern. The projects typically require one to three wells, a flowline, an umbilical and some processing equipment on the host platform.

The Gulf Delivers

Hardy publics and private equity-backed companies take the long-term view, finding offshore opportunity at lower costs.