Magnum Hunter Resources Inc., headquartered in Irving, TX, as begun production from one new well drilled at South Timbalier Block 264 in the offshore Gulf of Mexico at a rate of 6.5 MMcf/d and 185 bbl/d. The well, operated by Magnum Hunter, was drilled to a depth of 7,494 feet and logged 80 feet of gross gas pay. Two other wells are in the process of being completed on the newly installed four-slot platform, and additional development is planned later this year, with a second platform also being considered. Production is connected to Magnum Hunter’s 50% owned and operated Block 265 main processing platform, which also processes gas from the company’s 50% owned Block 250. The combined gross production at this facility is now approximately 28 MMcf/d and 500 bbl/d.

Toronto-based Meteor Creek Resources Inc. has contracted a service rig from Key Energy Drilling to test the Bear River No. 1 natural gas test well in the Souris Permit on Prince Edward Island, which is expected to be in place by the end of July. The service rig was recently sourced in Ontario and prepared for mobilization to Prince Edward Island. The junior oil and gas exploration company currently is exploring the Bear River prospect, located on the eastern half of Prince Edward Island, and has the right to earn a 50% working interest in the well and in the entire permit, which consists of 175,984 acres.

Duke/Fluor Daniel (D/FD) has been awarded a contract by FPL Energy to provide engineering, procurement, construction and commissioning services for the 1,789 MW Forney Power Project in Forney, TX, near Dallas. FPL Energy, a subsidiary of FPL Group Inc., will own and operate the facility. When completed in summer 2003, the plant will be one of the largest independent power plants in Texas. D/FD is providing the services on a fixed-price, turnkey basis. Engineering and construction work is under way. The contract value was not disclosed. When the Forney Power Project becomes operational in 2003, the FPL Group will have more than 3,000 MW of generation in Texas.

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