EXPLORERS USA 2005: Spinnaker holds own against bigger rivals

Small independent helped pioneer drilling on Gulf shelf; now focusing on deepwater prospects, has seismic over 48 million acres

Ray Tyson

Petroleum News Houston Correspondent

Spinnaker Exploration, a small independent that helped pioneer deep-gas drilling in the shallow waters of the Gulf of Mexico’s continental shelf, has shifted its focus to the deeper waters of the Gulf, a seemingly risky maneuver for a company whose financial standing pales in comparison to most of i....

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Shelf spending down

Ultra-deepwater Gulf also of interest

Heavy exploration investor