World of oil and gas ///

Freeport-McMoRan Oil & Gas (FM O&G) announced a successful production test from its Highlander discovery, onshore South Louisiana in the Inboard Lower Tertiary/Cretaceous trend. Performed in the Cretaceous/Tuscaloosa section, the test indicated a flowrate of approximately 43.5 MMcfgd, of which roughly 21 MMcfgd are net to FM O&G. The test was done on a 22/64-in. choke, with flowing tubing pressure of 11,880 psi. FM O&G expects to begin production in 2015, using facilities in the immediate area. The Highlander discovery well was drilled to a TD of approximately 29,400 ft during first-quarter 2014. Wireline log and core data obtained from the Wilcox and Cretaceous sand packages indicated favorable reservoir characteristics, with approximately 150 ft of net pay. FM O&G has identified multiple prospects in the Highlander area, where it controls rights to more than 60,000 gross acres. FM O&G operates the Highlander well with a 72% working interest and approximately 49% net revenue interest.

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