On the evening of November 23, a wildcat well being drilled into a promising anticlinal fold underneath the Monterey Formation, northeast of the main Lost Hills field, reached the depth of and hit a previously untapped reservoir of gas under intense pressure.
22.
LASMO had entered Libya in 1990 with the Korean consortium named PEDCO and carried out the initial exploration programme of geological fieldwork, 2500 km of seismic acquisition and the drilling of four wildcat wells that led to two oil discoveries in 1993-94.
23.
The discovery of the giant Ellwood Oil Field in 1929 in a similar geographic setting a blufftop mesa twelve miles ( 19 km ) west of Santa Barbara commenced a frenzy of wildcat well drilling along the entire coastline from Gaviota.
24.
In a sign that the Gulf of Mexico continues to hold promise, Texaco Inc . announced on Monday that it had found oil and natural gas in three wildcat wells it drilled off Louisiana, in areas that most major oil companies had considered to be played out.
25.
Bush formed his earliest views on character and commerce in his hometown of Midland, Texas, where he and his friend Donald Evans built a multimillion-dollar oil business, cutting deals on high-stakes wildcat wells sometimes secured by little more than a gentleman's agreement sealed with a slap on the back.
26.
An Exxon spokesman in Dallas said the oil company was not currently drilling in the Tarim Basin, but Jia confirmed that Exxon is now drilling a wildcat well on one of its New Jersey-sized lease-holdings on the northwestern edge of the desert and should learn within two months if it is a winner.
