ConocoPhillips (NYSE: COP) Discovers New Oil in Gulf of Mexico

Brian Hicks

Written By Brian Hicks

Posted December 18, 2013

A deepwater exploration well in the Gila prospect in the Gulf of Mexico looks like a success for ConocoPhillips. The company announced the discovery on Wednesday, and said that it will continue drilling to determine its complete size.

The new discovery was made at a depth of 29,221 feet under 4,900 feet of water. The field is approximately 300 miles southwest of New Orleans, and COP holds a 20 percent working interest in the well, which is operated by BP (NYSE: BP)

Abner Spraberry’s Trillion Dollar Legacy

If there’s only a single name in shale gas that you know, it’s Bakken. But there’s much heavier activity in West Texas. In fact, the heaviest drilling in the world is in the Permian basin, and we’ve uncovered a small company that is uniquely poised to take advantage of the 30 million barrel reserve there. 

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.