Rig Update: Natural Gas Leak Repaired

CORPUS CHRISTI, TX - Magellan E&P Holdings, Inc., the operator of a platform located in the Mustang Island offshore planning area approximately two miles from the North Padre Island beach near Bob Hall Pier has repaired a natural gas leak caused by a failed valve that first occurred early in September. No further leaks or emissions are expected from the incident.

Vessels involved in the repair process will remain visible from shore for the time being as crews continue their work on the well.

As it has since the beginning of this event, the company continues to fully cooperate with all appropriate state and federal regulatory entities.

Updates on any material developments will be released should they occur.

All Media Inquiries should be directed to Witt O’Brien’s 713-345-6234.