Freeport-McMoRan to Establish Commercial Production at Highlander

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).

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