News roundup: McMoRan working to start production off La. coast … Citizens loses state high court fight … Facebook buying photo-share app Instagram for $1B … Councilwoman Wicker welcomes new baby boy

    Insider
    Drill, baby, drill: Independent petroleum producer McMoRan Exploration Co. says work is under way to begin commercial natural gas production from its Davy Jones No. 1 well off the Louisiana coast. McM…

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