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Major GOM/Haynesville Operator Seeks Buyer; Production 144 MBOE/d

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Major GOM/Haynesville Operator Seeks Buyer; Production 144 MBOE/d

Freeport-McMoran has retained investment bank Lazard Ltd. to advise on a possible sale of its entire oil & gas division or individual assets, according to a report by Reuters.

Quick facts:

(Source: Nine (9) months ended september 30, 2015)

Sales volume by Region: GOM (shelf and deepwater) : 82 Mboe/d California : 37Mboe/d Haynesville/Madden/Other : 25 Mboe/d

Total Oil & Gas Eqivalent Per Day : 144 Mboe/d

Total Production Cumulative : 39.4 MMboe, down from (44.7 MMboe september 2014)

Assets

Below is a asset map for the company

Map Oil & Gas Operating Areas Production By Area (2015-Estimates)

In the nine months ended september 30, 2015, the company sales volumes were as follows

Oil (MMbls) : 26.3MMbls  (down from 32.1 same time in 2014) NGL (MMbls) : 1.8MMbls (down from 2.7 same time…
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