DG Exploration, Inc is a privately held company with a focus on the mature continental shelf of the US Gulf of Mexico. We have spent the last 5 years developing new play concepts for the deep Miocene of the Central Louisiana shelf. We have developed a portfolio of more than 25 leads and prospects.
DGX were awarded 14 blocks in October 22 as a result of our bids in sale 257 in November 2021. These 14 blocks control 6 of the best prospects in the portfolio. We have developed an aggressive exploration program to drill 3 wells in 2024, with potential for immediate tie-back and options for new-build infrastructure within 4 years of discovery. All the blocks are located in a prolific part of the basin where new high potential exploration has been largely absent since the early 1990s. By bringing in new technology and ideas utilizing geophysically advanced datasets, we aim to fundamentally reset the creaming curve for the Louisiana shelf.
We expect to wrap up the G&G studies by the end Q1, 2023 and will begin the pre-drill technical studies immediately after that.
Key Play Parameters:
Reservoir: Ponded mini-basins in paleo middle slope settings, 50-90 miles downdip from their shelf margins, at 15,000’-20,000’ of burial
Trap: Large 4-ways and 3-ways against salt
HC Charge: Liquids-rich thermogenic hydrocarbon front
Resource Potential: 50-500mmboe per prospect
Discovery to Production: 0-4 years
DGX Blocks - Offshore LA
Early to Middle Miocene West Louisiana Play Concept
Image courtesy of Fairfield GeoTechnologies