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

By Mary Foster, AP
Tuesday, March 9, 2010

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.

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