McMoRan energizes jumpy investorsCompany has reserves in shallow Gulf of Mexico waters, but daily production and profits produce another negative year Ray Tyson Petroleum News Houston Correspondent
McMoRan Exploration, which has carved out a name for itself as a deep-gas explorer in the relatively shallow waters of the Gulf of Mexico’s continental shelf, is sitting on a pile of reserves but keeps coming up short on daily production and profits, much to the chagrin of investors.
During the past....
[additional news subjects in this story]
Company not providing first quarter production estimates Production has begun at Deep Tern C-2 At least 12 exploration wells planned this year
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