The U.S. Gulf of Mexico, (GoM) has been a tremendous resource that has largely been developed over the last thirty years or so. One by one, companies ventured into deep waters using their wits, and brawn to bring these deeply buried resources to market. Wits and brawn, and a lot of money. Many companies learned the hard way that deep water was not a fun place to play if your checking account was low. The companies who were adequately capitalized did well, rebounding from the initial steepness of the learning curve to add huge reserves and daily production increases to their bottom lines. Those of us who drive and use gas to heat our homes can be glad they were successful, as now much of the U.S. Daily Offshore Production comes from wells drilled in more than a 1,000’ of water. (Click to enlarge) Source As can be seen […]