Oil news, round 2

Story: " The success of the Jack well test is the second recent development that raises the lower tertiary's profile - as well as chances that it could augment U.S. Gulf oil and gas production significantly. Domestic oil output has taken a hit from the partial shutdown of BP PLC-operated (BP) Prudhoe Bay in Alaska. Despite the region's vulnerability to devastating hurricanes, the Gulf is becoming home to an increasing number of oil prospects as the U.S. is looking to wean itself off sources plagued by instability.
The flow test, the first in the lower tertiary, indicates that the region's finds "will be most likely productive," said David Heikkinen, an analyst with Houston-based energy research firm Pickering Energy Partners. "That bodes very well for the industry as a whole."
Production from the area could add 300,000 to 500,000 barrels of oil a day to U.S. output, Heikkinen said. The Gulf currently has a production capacity of about 1.5 million.
Tuesday's announcement also bodes well for Chevron, Devon and Anadarko Petroleum Corp. (CVX), which are the largest holders of leases with lower tertiary discoveries, Heikkinen said. Last Thursday, Oklahoma City-based Devon and Anadarko, in partnership with BP PLC (BP), disclosed a discovery that Devon described as the "largest to date" in the lower tertiary. "

Woohoo. More US oil! Not much else to say here, except that half a million barrels of oil a day is a LOT.