W&T Offshore today confirmed a significant discovery for its Ewing Banks 954 A-8 exploratory well located in the Gulf of Mexico.
The EW 954 A-8 well penetrated a total of 150 feet of measured depth hydrocarbon pay contained in two sands.
Its the second discovery in a two-well drilling program from the EW 910 platform.
Tracy Krohn, W&T Offshore’s chairman, said: “Based on our seismic analysis, we had high expectations for the reserve potential of the EW 954 A-8 exploration well, and we are delighted that the well appears to have exceeded our pre-drill estimates. We are especially pleased with the high quality pay sands found in the A-8 well, which should allow for higher reserve recovery.
“This discovery also helps de-risk several additional opportunities we have identified as part of our future plans to drill and develop the area. With this discovery we have extended our track record of 100% exploration success with the drill bit to almost three years.”
The firm anticipates producing a restrained gross rate of approximately 2,300 Boe per day from the two zones.