Cheap gas is back,,,, for now.

Jeff Teuton · 10-29-2014, 12:55 PM

The deep water industry is making hugh finds out there in the Gulf of Mexico. I know Shell hit one recently that will flow 100K barrels a day, and BP/Chevron each 40 and a big independent 20 %, hit one this month 80K barrels a day. Shell is in 7200 ft of water and BP/Chevron 4500 ft I think. None of this is coming on shore because of the structure to get it here, but is being built and engineered. That is good for everyone, especially South Louisiana. And retail fuel is getting cheap here. Some of the alcohol content is getting questionable.

10-29-2014, 12:55 PM	#19
Jeff Teuton VIP Member Join Date: Jan 2002 Location: Houma, LA Posts: 2,717 Likes: 2 Liked 325 Times in 50 Posts	Re: Cheap gas is back,,,, for now. The deep water industry is making hugh finds out there in the Gulf of Mexico. I know Shell hit one recently that will flow 100K barrels a day, and BP/Chevron each 40 and a big independent 20 %, hit one this month 80K barrels a day. Shell is in 7200 ft of water and BP/Chevron 4500 ft I think. None of this is coming on shore because of the structure to get it here, but is being built and engineered. That is good for everyone, especially South Louisiana. And retail fuel is getting cheap here. Some of the alcohol content is getting questionable. __________________ Jeff Teuton 4022 STK