After disappointing exploration results last year, the company is drilling fewer wells in 2006, but with larger targets. A well drilling to test part of the high-potential Denali prospect in the Gulf of Mexico near the mouth of the Mississippi River may reach total depth in April. In a major strategic change, EPL is entering deep water exploration through an agreement with Noble Energy that includes participation in two wells this year.
Original Publication Date: 2/24/06
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