We engage in the exploration, development and
production of oil and natural gas offshore in the Gulf of Mexico and
onshore in the Gulf Coast area. Our exploration strategy is focused
on the “deep gas play,” drilling to depths of 15,000 to 25,000 feet
in the shallow waters of the Gulf of Mexico and Gulf Coast area to
target large structures in the Deep Miocene, and on the “ultra-deep
gas play” below 25,000 feet. We have one of the largest acreage
positions in the shallow waters of these areas, which are our
regions of focus. Our focused strategy enables us to capitalize on
our geological and technical capabilities, and our more than 35
years of operating experience in this region. We also believe that
our scale of operations in the Gulf of Mexico allows us to realize
certain operating synergies and provides a strong platform from
which to pursue our business strategy. Our oil and gas operations
are conducted through MOXY, our principal operating subsidiary.
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