Independents begin production from three Gulf of Mexico blocks

May 1, 2002
Three groups of independents have recently brought on stream new oil and natural gas production from three blocks on the Outer Continental Shelf in the Gulf of Mexico, reported interest owner Magnum Hunter Resources Inc., Irving, Tex. The blocks involved are East Cameron Block 184, South Timbalier Block 274, and Eugene Island Block 397.


By OGJ editors
HOUSTON, May 1 -- Three groups of independents have recently brought on stream new oil and natural gas production from three blocks on the Outer Continental Shelf in the Gulf of Mexico, reported interest owner Magnum Hunter Resources Inc., Irving, Tex. The blocks involved are East Cameron Block 184, South Timbalier Block 274, and Eugene Island Block 397.
Two new wells were brought on line on EC Block 184, which lies 100 miles southwest of Iberia, La., in 90 ft of water. The wells are producing from 11,500 ft at an aggregate rate of 36 MMcfd of gas and 1,050 b/d of oil. Magnum Hunter holds a 30% interest in the two wells and three leases, which include Blocks 179, 184, and 185. Dallas-based Remington Oil & Gas Corp. serves as operator with 57.5% working interest, while Wiser Oil Co., also of Dallas, holds the remaining 12.5% interest.

One new well was placed on production from a depth of 12,500 ft on ST Block 274, which lies in 260 ft of water 90 miles south of New Orleans. The well is flowing 10 MMcfd of gas and 1,056 b/d of oil. Operator Spinnaker Exploration Co., Houston, holds 90% interest, while Magnum Hunter has the remainder. The two companies also plan to drill an exploration well on ST Block 275 using the same drilling rig, which was skidded on the platform. Both companies hold equal interest in the block.

On EI Block 397, the A-1 well was completed and is flowing 1,000 b/d of oil and 444 Mcfd of gas. EI Block 397 is 140 miles south of Iberia in 470 ft of water. Meanwhile, the A-2 well is in the process of completion, Magnum Hunter said. "There are plans to drill up to five additional wells from the 12-slot platform during 2002," the company added. The block is operated by Houston-based private company W&T Offshore Inc. with 50% interest. Magnum Hunter holds 12.5% in the block, while Remington holds the remaining 37.5%.