Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Instagram Outage Disrupts Thousands of U.S. Users 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
COVINGTON, La., Jan. 22, 2018 -- LLOG Exploration Company, L.L.C. (“LLOG”) today announced that development drilling operations have begun at the Buckskin project in the deepwater Gulf of Mexico. Buckskin is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 6,800 feet of water and was delineated by multiple prior wells. The initial phase of this large-scale, deepwater project will consist of two development wells in Keathley Canyon 829 and a six-mile subsea tieback to the Lucius platform at Keathley Canyon 875. Drilling and completion of the initial two wells, which will be drilled to approximately 29,000 feet, will be followed by installation of subsea facilities. First production from the field is expected in mid 2019. In order to fully develop the field, which is estimated to contain nearly five billion barrels of oil in place, additional wells and subsea facilities will be required after the initial phase.
Two affiliates of LLOG, Buckstone Development Company, L.L.C. and LLOG Deepwater Development Company I, L.L.C., own a combined 33.8% working interest in the Buckskin development, and LLOG Exploration Offshore, L.L.C. is operator of the project. Additional partners are Repsol E&P USA Inc. (22.5%), Beacon Offshore Energy Buckskin LLC (18.7%), Navitas Buckskin US, LLC (7.5%) and two entities managed by Ridgewood Energy Corporation, Ridgewood Buckskin, LLC and ILX Prospect Buckskin, LLC, each of which owns 8.75%.
Scott Gutterman, LLOG’s President and Chief Executive Officer commented, “The start of drilling at Buckskin is a significant milestone for LLOG, given the size of the field and the fact that it is our first development in the Lower Tertiary trend. We are looking forward to successful completion of the project and are excited about the potential of Buckskin and other opportunities in the Lower Tertiary.”
About the Company
LLOG Exploration Company, L.L.C. is one of the largest privately-owned exploration and production companies in the United States. LLOG’s corporate headquarters is in Covington, Louisiana, and the Company also has an office in Houston, Texas. For additional information, please visit the company’s website at www.llog.com.
Contact: Rick Fowler 985-801-4300
