Join The Discussion

 

Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

read more >

Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

read more >

Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

read more >

Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

read more >

Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

read more >

 

ExxonMobil to develop Gulf oil field

 

A. Lee Graham
Reporter

Exxon Mobil Corp. of Irving has announced plans to develop the Julia oil field in the Gulf of Mexico.
Production is expected to begin in 2016, with capital costs for the project estimated at more than $4 billion. Discovered in 2007, the field is estimated to harbor almost six billion barrels of resource.
“The development of Julia will provide a new source of domestic energy and well-paying jobs over the next several years,” said Neil W. Duffin, president of ExxonMobil Development Co., commenting in a news release.
“Access to resources such as Julia will contribute to U.S. energy security for many years to come,” Duffin said.
The first phase is expected to handle 34,000 barrels of oil a day and includes six wells with subsea tie-backs to the Jack & St. Malo production facility operated by Chevron USA Inc.
“Julia is one of the first large oil discoveries in the ultra-deepwater frontier of the Gulf of Mexico,” Duffin said of a resource located more than 30,000 feet below the ocean’s surface.
ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50-percent interest in the Julia unit. The past decade has seen ExxonMobil drill 36 deepwater wells in the Gulf of Mexico in water ranging from 4,000 feet to 8,700 feet.
Exxon Mobil Corp., the largest publicly traded international oil and gas company, refines and markets petroleum products. More information is available at www.exxonmobil.com
 

< back

Email   email
hide
Catch
How 'bout them Cowboys?