Chevron Corporation (NYSE: CVX) announced today a new deepwater oil discovery at the Buckskin prospect located in the U.S. Gulf of Mexico. The block is approximately 190 miles southeast of Houston, and 44 miles west of Chevron’s 2004 Jack discovery, which is also in the Lower Tertiary.
The Buckskin No. 1 discovery well encountered more than 300 feet of net pay. The well is located in approximately 6,920 feet of water and was drilled to a depth of 29,404 feet.
“This is a very significant discovery in the Lower Tertiary trend, where Chevron is the largest leaseholder,” said George Kirkland, Chevron executive vice president, Global Upstream and Gas. “Continuing our success at the Jack well, Buckskin reinforces the trend’s potential to provide the U.S. with important new energy supplies.”
For more information about the discovery, click here.
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1 response so far ↓
1 Skunkfeathers // Feb 5, 2009 at 6:39 pm
Give Obama a few days, and he’ll nix accessing this find.
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