On 1 January 2020, Occidental Petroleum (Oxy), via its recently acquired subsidiary Anadarko US Offshore, was awarded four Keathley Canyon blocks: KC 778 (G36838), KC 824 (G36842), KC 780 (G36840) and KC 779 (G36839). All four contiguous blocks are sited in the East Texas Coastal Basin and are anticipated to expire on 31 December 2029. Chevron's 2011 Moccasin discovery well, G22367 1, was drilled in adjacent block KC 736, in very close proximity to the northern border of Oxy's newly-awarded KC 780. The Moccasin NFW was drilled to 9,615m and encountered ~115m of net oil pay in the Early Tertiary Wilcox sands. Repsol acquired a 30% WI in the Moccasin discovery from LLOG and Beacon Offshore in June 2019. Following formal award, Anadarko US Offshore (Oxy) is now the operator and sole interest-holder (100% WI + Op) in KC 778, KC 779, KC 780 and KC 824.
Occidental Petroleum (Oxy), via its recently acquired subsidiary Anadarko US Offshore, was awarded four Keathley Canyon blocks: KC 778 (G36838), KC 824 (G36842), KC 780 (G36840) and KC 779 (G36839).