We have been drilling in the Gulf of Mexico for a long time, yet somehow, exploration and production companies are still finding more oil. Both Anadarko Petroleum (NYSE:APC) and Chevron (NYSE:CVX) have recently reported some fantastic finds. After years of being in the shadow of the Deepwater Horizon spill, these discoveries are helping to swing sentiment in favor of offshore drilling. Thanks to new drilling technologies, we are drilling deeper, going further offshore, and expanding the possibilities of the oil and gas industry.
Today, Fool.com contributors Tyler Crowe and Aimee Duffy check in to give some of the details on these recent finds, how we are pulling it off, and how the scars of the Deepwater horizon spill seem to have faded away.