Druckenmiller gets it: McMoRan, Druckenmiller Seek to Break Well Record.
June 12 (Bloomberg) -- McMoRan Exploration Co. and an energy firm backed by hedge fund manager Stanley Druckenmiller plan to extend a Gulf of Mexico well abandoned last year by Exxon Mobil Corp. to 35,000 feet (10,670 meters), which would surpass the record held by Chevron Corp.
McMoRan reached a depth of 31,943 feet at its South Timbalier Block 168 No. 1 well, formerly known as Blackbeard, the company said today in a statement. That was 1,876 feet deeper than Exxon drilled before it gave up on the natural-gas project in 2006 and handed control to McMoRan last year.
New Orleans-based McMoRan intends to ask the U.S. Minerals Management Service for permission to deepen the well to 35,000 feet, which would break the record set by Chevron and its partners in 2005 at Knotty Head, which plunged to 34,189 feet below the sea surface, the deepest well ever bored.
At such depths, pipes and drill bits can disintegrate or collapse because of high pressure and temperatures that approach 600 degrees Fahrenheit (316 Celsius).