Deep-water
Most of our deep-water production comes from our 100%-operated Aspen field and our 30% non-operated Gunnison field. The remaining comes from our 50% nonoperated Wrigley field and three 100%-operated properties purchased in 2007.

Aspen is on Green Canyon Block 243 in 3,150 feet of water. The project was developed using subsea wells tied back to the Shell-operated Bullwinkle platform 16 miles away and began producing in December 2002. Our share of 2007 production before royalties was approximately 10,400 boe/d (9,500 after royalties).

Gunnison is in 3,100 feet of water and includes Garden Banks Blocks 667, 668 and 669. Gunnison began production in December 2003 through our truss SPAR platform that can handle 40,000 bbls/d of oil and 200 mmcf/d of gas. Our Gunnison SPAR facility has excess capacity, leaving room for growth from regional exploration and processing of thirdparty volumes. We achieved payout on Gunnison in December 2005, just two years after first production. In 2007, our share of production before royalties was approximately 7,000 boe/d (6,200 after royalties).

Wrigley is on Mississippi Canyon Block 506 in 3,300 feet of water. The project consists of a single subsea well tied back to the Shell-operated Cognac platform 17 miles away. Wrigley began gas production in July 2007 and our share before royalties in 2007 was approximately 1,100 boe/d (1,000 after royalties).

The three new deep-water fields acquired in 2007 are on Garden Banks Block 205, Green Canyon 137 and Green Canyon 6/50—all in water depths between 700 and 1,100 feet. In 2008, we drilled and tied in a development well at Green Canyon 6/50.

Shelf
Our shelf producing assets are offshore Louisiana, primarily in five 100%-owned field areas: Eugene Island 18, Eugene Island 255/257/258/259, Eugene Island 295, Vermilion 302/321/339/340, and Vermilion 76 (consisting of Blocks 65, 66 and 67). We continue to exploit these assets and look for other shelf opportunities. Most of our 2007 shelf activities focused on development drilling at Eugene Island 258/259, Eugene Island 295 and Vermillion 340.