Local Company at Center of Latest Gulf Explosion

Mariner Energy, Inc, with its corporate headquarters at the West Belt and Briar Forest, is a major player in deepwater exploration and production in the Gulf. The company says it has interests in about 350 federal offshore leases, with more than 110 in development.

About 85-percent of the company's production comes from offshore, and a large portion of that comes from deepwater developments. The company says it has worked on projects in the Gulf as deep as 7000 feet since 1996. With 300 employees, Mariner's most recent quarterly net income was$1.7 million. In April, Houston-based Apache agreed to acquire Mariner for $2.7 billion. That deal is set to close in the third quarter.
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