The news is good so far in the Gulf . . . . finally!

BP began plugging the damaged oil well today with a “static kill” by pumping mud into it. Early reports are encouraging.

Retired Coast Guard Adm. Thad Allen said Wednesday he has “high confidence” that no more oil will leak from BP’s Gulf of Mexico well, hours after BP announced that the well had reached “static condition” after pumping heavy drilling mud into it.

BP called the outcome a “significant milestone” in its efforts to permanently seal the well.

The energy giant began the “static kill” procedure at 4 p.m. ET Tuesday and workers stopped pumping mud in after about eight hours after the effort achieved its “desired outcome.”

Let’s hope we’ve seen the end of this nightmare.