It will take years to develop, but industry observers are watching what may be the most significant discovery in the Gulf of Mexico (GOM) deepwater to date. The discovery was announced last week by Chevron Corp., Devon Energy Corp. and Statoil ASA after the trio completed the deepest extended drill stem test in history, with a successful production test on the Jack No. 2 well at Walker Ridge Block 758.
Swallowed
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Bill Barrett Hopes New Company Will Duplicate First Success
Barrett Resources Corp. may have been swallowed up by Williams last year, but Bill Barrett, the founder, chairman and former CEO, is aiming to make another “Barrett” company a successful natural gas-rich independent. In fact, if all goes as planned, the new company, Bill Barrett Corp., could go public in 12 to 36 months, focusing on what worked extremely well the first time: growth through the drill bit with a focus on the Rocky Mountains.
April 8, 2002
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