Apache Corp. said the Ewing Banks 998 No.1 discovery well in the deepwater Gulf of Mexico test flowed at 5.4 MMcf/d of natural gas and 4,254 b/d of oil. The well is to be connected to existing facilities using a subsea tieback with first production expected in early 2010. Apache owns a half stake in the discovery, which is located about 150 miles southwest of New Orleans in water about 1,000 feet deep. Walter Oil & Gas Corp. is the operator of the well and owns the remaining 50% stake. The well was drilled to a measured depth of 14,538 feet and tested on an interval between 14,352 feet and 14,400 feet. Apache has completed eight wells at Ewing Banks 826 and increased production to a current rate of 12.9 MMcf/d and 5,300 b/d from a 2007 rate of 700 boe/d. Apache owns a 100% working interest in the Ewing Banks block.

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