Gulfslope and Delek have previously reported a relationship between the Tau field sub-salt Miocene layers, and W & T Offshore’s Mahogany field sub-salt Miocene producing layers.
W & T has enlarged Mahogany’s sized and depth by drilling and sidetracking 14 new producing horizons since 2011.
W & T has increased the Mahogany field twelve-fold to about 15,500 b/d of oil equivalent (76% liquids) currently from 1,290 BOE/day to the same time in 2011. (In comparison, Gulfslope estimates the Tau Prospect’s 400 MMBOE “Recoverable Resources” to be at 77% Oil)
W & T’s Mahogany field P sand was the traditional producing sand, located about 15,500’ below an 8,000’ salt canopy.
Some of Gulfslope’s management team was part of the original 1993 legacy Mahogany field discovery.
W & T has recently stated they have an additional 100 MMBOE of “reserves” that have been “proved”, but not yet booked. This is in addition to the 36.6 MMBOE of currently “proved” Mahogany field “reserves”.
W & T’s Mahogany field Ship Shoal block 359 ‘A006’ sidetrack well (API no. 177124053801), a P sand completion (BOEM APM 10/29/19) was successfully drilled (by way of an ‘initial’ (8/2019), and 3 ‘revised’ sidetracks) and will be online in the 4th Quarter 2019.
Note: “Proven Reserves” defined as the quantity of natural resources that a company ‘reasonably expects’ to extract from a given formation. “Recoverable Resources” defined as the proportion of resources here oil and gas, that can be technically, economically and legally ‘possible’ to extract.
Smith
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Sources
W & T Offshore’s Press Releases and articles
BOEM Data Center
Gulfslope’s September 2019 Presentation
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