Jack 2

{{Short description|Oil field in the Gulf of Mexico}}

{{Use mdy dates|date = February 2025}}

{{More citations needed|date=February 2025}}{{about||the Tekken characters otherwise known as JACK-2|Jack (Tekken)|the British radio station formerly known as Jack 2|Hits Radio Oxfordshire (radio station)}}

Jack 2 is a test well in the deep waters of the Gulf of Mexico (Walker Ridge Block 758) that successfully extracted oil from the Paleogene area of the Gulf in the second quarter of 2006. The field owners Chevron, Devon Energy and Norway's Statoil drilled to about {{convert|20,000|ft|m}} below the sea floor, the wellhead being {{convert|7000|ft|m}} below sea-level, for a total depth of 28,125 feet.{{cite web|url=http://www.chevron.com/chevron/pressreleases/article/09052006_chevronannouncesrecordsettingwelltestatjack.news |title=Chevron Announces Record Setting Well Test at Jack |date=2006-09-05 |publisher=Chevron Corporation |accessdate=12 June 2010 |location=San Ramon, California |url-status=dead |archiveurl=https://web.archive.org/web/20110608141846/http://www.chevron.com/chevron/pressreleases/article/09052006_chevronannouncesrecordsettingwelltestatjack.news |archivedate= 8 June 2011 }} Oil flowed at more than {{convert|6000|oilbbl|m3}} per day.{{cite web|url=https://money.cnn.com/2006/09/05/news/companies/chevron_gulf/|title=Major U.S. oil source is tapped|last=Isidore|first=Chris|date=2006-09-05|publisher=CNN Money|accessdate=12 June 2010}} At the time, it was the deepest ever successful test well in the Gulf of Mexico to date. Jack 2 is a joint venture between Chevron Corporation (50%), Devon Energy (25%), and StatoilHydro (25%).{{cite web|url=http://www.chron.com/disp/story.mpl/front/4165848.html|title=New oil field deep in the Gulf a potential giant|last=Hensel Jr.|first=Bill|date=2006-09-06|publisher=Houston Chronicle|accessdate=12 June 2010}}

Most oil in the Gulf of Mexico is found on a continental shelf in less than {{convert|1,700|ft|m}} of water. Oil was known to exist in the deeper waters of the Gulf between {{convert|5,000 and 10,000|ft|m}}, but it had yet to be proven that enough could be extracted to make the venture economically successful. The Jack 2 well is {{convert|175|mi|km}} offshore in more than {{convert|7,000|ft|m}} of water. The oil was extracted after drilling through more than {{convert|20,000|ft|m}} of rock beneath the ocean floor.

Jack 2 proved the existence of a new play in the deepwater Gulf of Mexico. The estimated oil reserves the play could contain range between {{convert|3|Goilbbl|m3}} and {{convert|15|Goilbbl|m3}}. News of the find was credited for contributing to a drop in crude oil prices.[https://archive.today/20060910083133/http://www.theaustralian.news.com.au/story/0,20867,20367319-643,00.html Chevron coy over 'big' oil find] The Australian, September 6, 2006.[http://www.iht.com/articles/ap/2006/09/06/business/AS_FIN_MKT_Oil_Prices.php Oil prices bounce back from 2-month lows on expectations inventory data will show drop] International Herald Tribune, September 5, 2006. The maximum estimate of {{convert|15|Goilbbl|m3}} represents half of the total current estimate of U.S. reserves,[http://www.chron.com/disp/story.mpl/front/4165848.html New oil field deep in the Gulf a potential giant]. The Houston Chronicle, September 6, 2006. equal to slightly less than two years of U.S. consumption at 2001 levels.[https://web.archive.org/web/20020907213147/http://www.eia.doe.gov/neic/quickfacts/quickoil.html Official Energy Statistics from the U.S. Government], Energy Information Administration.