Dirt

Talisman Energy Inc. said it hit pay dirt again in the Alberta Foothills. A new well tested at a gross rate of 14 MMcf/d but if left unrestricted by surface equipment would have had an estimated absolute open flow rate potential of 372 MMcf/d and estimated wellhead absolute open flow rate potential of 94 MMcf/d. The well is expected to be tied-in during the second quarter of 2007.

McMoRan Exploration Co. announced Thursday that it has conducted a successful production test on its South Marsh Island Block 223 exploratory well — referred to as “JB Mountain” — located in the shallows of the Gulf of Mexico. The test indicated a flow rate of 14.25 MMcf/d of gas and 1,056 b/d of condensate.

After several years being hard up for cash because gas and oilwere dirt cheap, producers are now rolling in the dough. Severalmore reported record financial results for the fourth quarter andfull year last week because of extremely high natural gas and crudeoil prices and rising production. EOG Resources, Louis DreyfusNatural Gas and Equitable Resources all hit the jackpot withmassive earnings increases from the year prior.

After several years being hard up for cash because gas and oilwere dirt cheap, producers are now rolling in the dough. Severalmore reported record financial results for the fourth quarter andfull year yesterday because of extremely high natural gas and crudeoil prices and rising production. EOG Resources, Louis DreyfusNatural Gas and Equitable Resources all hit the jackpot withmassive earnings increases from the year prior.

Coastal Corp. hit pay dirt in the third quarter with highernatural gas production and prices and increased returns frompipeline operations, “the direct result of Coastal’s success inexecuting its integrated North American natural gas strategy,”according to Chairman David A. Arledge.

Coastal Corp. hit pay dirt in the third quarter with highernatural gas production and prices and increased returns frompipeline operations, “the direct result of Coastal’s success inexecuting its integrated North American natural gas strategy,”according to Chairman David A. Arledge.