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Vol. 8, No. 42 Week of October 19, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Yorktown temporarily abandoned as drilling costs reach $86 million

Petroleum News

After a year of turmoil and mushrooming drilling expenses, operator Devon Energy and partner Kerr-McGee have decided to “temporarily abandon” their deepwater Yorktown exploration well in the deepwater Gulf of Mexico. Yorktown costs have now escalated to $86 million, ranking it among the most expens....


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