McMoRan and Energy XXI are working furiously to unlock the huge gas discoveries they have made in the Gulf of Mexico Shallow Water Ultra Deep play.

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But, along the way, even including disappointing wells that held no meaningful hydrocarbons, there has been a complete redefinition of the geology of the Shallow Water Ultra Deep play.

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For sure, the view is that perhaps geologically this play extends onshore and not just in the shallow water.

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At this point, he and his partners, Energy XXI and the legendary Texas oil man Tex Moncrief, have pursued the Shallow Water Ultra Deep (SWUD) play in the Gulf of Mexico with a persistence that is something to behold.

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