MMR Description — McMoran Exploration Co
McMoRan Exploration is engaged, through its subsidiaries, joint ventures or partnerships with other entities, in the exploration, development, production and marketing of crude oil and natural gas. Co.'s operations are in the U.S., primarily offshore in the Gulf of Mexico and onshore in the Gulf Coast region (primarily Louisiana and Texas). Co.'s production of oil and natural gas involves lifting oil and natural gas to the surface and gathering, treating and processing hydrocarbons to extract liquids from natural gas. As of Dec 31 2011, Co.'s total proved reserves consisted of 152.05 billion cubic feet of gas and 17.3 million barrels of oil and natural gas liquids.