Body of missing oil exec who vanished in New Orleans found in river, no foul play suspected

Missing exec’s body found in river in New Orleans

NEW ORLEANS — Police in New Orleans say the body of a missing Texas oil executive has been pulled from the Mississippi River.

Bob Young of the New Orleans police department says police believe Douglas Schantz drowned accidentally. The 54-year-old president of Houston-based Sequent Energy Management had been missing since early Friday.

He was in town to give Tulane University a $25,000 gift during a reception Thursday. A colleague who was with him says that after the dinner they went to Bourbon Street around midnight.

Police say Schantz left a bar around 2 a.m. and was then seen on a security video at a river dock. They say he had been drinking and seemed disoriented.

Young says Schantz had all of his credit cards and jewelry and foul play is not suspected.