March 19, 2013 at 17:23 PM EDT
UPDATE: ConocoPhillips Reports Significant Oil Discovery in Deepwater Gulf of Mexico, Expects to Drill 5-8 Wells This Year
ConocoPhillips (NYSE: COP ) today announced a significant oil discovery from its recently drilled Shenandoah appraisal in the deepwater Gulf of Mexico. The WR51-2 Shenandoah appraisal well encountered more than 1,000 feet of net pay in high-quality Lower Tertiary-aged reservoirs. “The potential of the Shenandoah discovery, combined with very positive indicators of hydrocarbons in
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