Current RDS.B Stock Info

The U.S. Department of the Interior estimates the GOM has 48 billion BOE yet to be discovered.

Royal Dutch Shell (ticker: RDS.B) announced its third major oil discovery in the Gulf of Mexico (GOM) on July 15, 2014, and expects it to yield 100 MMBOE of reserves. The company has now discovered a total of 700 MMBOE of GOM reserves, according to its release.

One of its key assets, the Mars field, has produced more than 770 MMBOE since 1996 – back when it was estimated to hold 700 MMBOE of reserves.

Production in the GOM has declined on an absolu...

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