Dave Hager
Dave Hager
booked existing feet field increase less means oil potential proved reserves trillion
Kerr-McGee has booked less than (1 trillion cubic feet of oil equivalent) as proven, which means we have the potential for a fivefold increase to existing proved reserves in this field alone.
added additional capacity constitution continues expanding expenses facility fields grow gulf hub million operated processing satellite sixth value
The Constitution facility is Kerr-McGee's sixth operated hub in the deepwater Gulf of Mexico. The value of each of these hubs continues to grow through the allocation of expenses and processing fees as additional satellite fields are developed. In addition to the significant value of the Ticonderoga field, we have added $50 million in value to our Constitution facility by expanding its capacity to process the Ticonderoga production.