Re: Huge oil field found in Gulf of Mexico



Jo Schaper wrote:

George wrote:

Devon`s Stephen J. Hadden, senior vice president, exploration and
production, said that, with 273 blocks under lease and 19 exploratory
prospects already identified in the area, the find could more than double
the company`s current reserve base of about 2 billion equivalent barrels.

What country controls oil out that far? I thought the US limit was 200
miles.

We own it to the edge of the shelf and to a line straight eastward from the mouth
of the Rio Grande. Likewise for other shelves.
http://www.gomr.mms.gov/homepg/regulate/environ/flow_gar/ocsdef.html
.



Relevant Pages

  • Re: The Idle Oil Field Fallacy
    ... The fallacy is that oil companies make money only by selling oil. ... also make money by speculating on leases and restricting production. ... In the meantime they can use the lease to restrict ... possibility that it may yield enough oil or natural gas to make the cost ...
    (soc.retirement)
  • Re: OT - M3 or 335i Convert?
    ... hell that I would by a bimmer first year production engine, ... If I ever bought a bimmer it would be third year of production, ... I am going to lease anyway ... so if I can't get a decent price for the M3 ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: OT - M3 or 335i Convert?
    ... hell that I would by a bimmer first year production engine, ... If I ever bought a bimmer it would be third year of production, ... I am going to lease anyway ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: John Schuerholz wheelin and dealin
    ... John Rogers wrote: ... I'm a little depressed about losing the prospects. ... I'd rather have the REAL production now than the POTENTIAL production ... well you have to look at cost too. ...
    (rec.sport.football.college)
  • Ol Kickin is so happy hes about to piss in his pants
    ... is going to let us know next week if he's forming an exploratory ... committee to assess his prospects of running for President. ...
    (alt.politics)