Chevron joins the week's Gulf discovery trend

Chevron announced today that it struck oil at its Buckskin prospect in some of the Gulf of Mexico’s deepest waters.
Buckskin is about 190 miles southeast of Houston and 44 miles west of the company’s 2004 Jack discovery that could be the nation’s biggest oil find since Alaska’s Prudhoe Bay.
The company says its Buckskin discovery well, drilled to 29,404 feet in nearly 7,000 feet of water, further reinforces the potential of the Lower Tertiary trend, once believed to be too deep and expensive to explore. The second of two Anadarko Petroleum discoveries announced this week, at its Shenandoah prospect, was in the same trend.
Chevron said the Buckskin well unveiled 300 feet of oil within the strata, but more tests will be needed to evaluate Buckskin’s potential.
Anadarko’s Shenandoah discovery also approached 300 feet, while its Heidelberg discovery to the north of Shenandoah announced earlier in the week showed about 200 feet of oil within the rock layers.