Huge Gulf of Mexico Discovery for XOM -- Not a Bakken Story

Link here.

ExxonMobil Corp. has a natural gas discovery and two oil discoveries in the deepwater Gulf of Mexico, one of which is among the largest gulf discoveries in the past decade.

The company estimated more than 700 million bbl of oil equivalent, more than 85% oil, to be recoverable on Keathley Canyon blocks 919 and 918 about 250 miles southwest of New Orleans and 90 miles north of Mexican waters.