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Missing exec's body found in river in New Orleans

Associated Press

Posted on March 9, 2010 at 12:32 PM

NEW ORLEANS (AP) — 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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