Energy

Mining Weekly reported that Freeport-McMoRan Oil & Gas, a subsidiary of Freeport-McMoRan Inc. (NYSE:FCX), will establish commercial production at its Highlander discovery after obtaining favorable reservoir characteristics from a production test.

Mining Weekly reported that Freeport-McMoRan Oil & Gas, a subsidiary of Freeport-McMoRan Inc. (NYSE:FCX), will establish commercial production at its Highlander discovery after obtaining favorable reservoir characteristics from a production test.

As quoted in the market news:

The test, which was performed in the Cretaceous/Tuscaloosa section of the Inboard Lower Tertiary/Cretaceous trend, used expanded testing equipment and indicated a flow rate of about 75-million cubic feet (Mcf) of natural gas a day, about 37 Mcf/d net to FM O&G, on a 42/64th choke with flowing tubing pressure of 10 300 pounds per square inch (psi).

Click here for the full Mining Weekly report

Featured

MARKETS

Markets
TSX20696.17-488.78
TSXV783.69-23.69
DOW32997.97-1063.09
S&P 5004146.870.00
NASD12317.690.00
ASX7364.70+48.50

COMMODITIES

Commodities
Gold1878.07+3.96
Silver22.41-0.04
Copper4.25-0.04
Palladium2094.11-72.89
Platinum962.90-11.10
Oil109.13+0.87
Heating Oil3.98-0.06
Natural Gas8.60-0.19

DOWNLOAD FREE REPORTS

×