Exploration Co. sets record capital budget

By OGJ editors
HOUSTON, Dec. 22 -- The Exploration Co., San Antonio, set a record $40-50 million capital budget for 2006 and warned that rig availability might dictate revisions.

The regular budget is up 40% from 2005 spending, and the company is planning a capital expenditure expansion aimed at pursuing the Barnett and Woodford shale plays. This would be its first exploration and development activities in the Marfa basin.

The budget also calls for participating in 57 gross wells, with $23 million going for 28 planned Glen Rose wells and $8 million for eight EnCana Corp.-operated Pearsall wells.

Ten Georgetown wells are to take $6.6 million, and 10 wells in the Pena Creek field San Miguel oil play drew $3 million. The budget includes outlays for more pilot wells in the San Miguel tar sand play, a 3D seismic survey on the Burr lease, Pena Creek waterflood improvements, and lease acquisitions (OGJ Online, Dec. 9, 2005).

Related Articles

TXCO Resources outlines $100-110 million budget

12/27/2007 TXCO approved a $100-110 million expenditure budget and drilling program for 2008 compared with a $72.4 million budget for 2007.

Pearsall gas flow to evoke Maverick drilling

10/03/2007 Drilling may increase in the next 3 years in the Maverick basin in Southwest Texas after a vertical exploratory well flowed 10 MMcfd of gas from Cr...

Exploration Co. to acquire Output Exploration

02/21/2007 Exploration Co., San Antonio, agreed to acquire privately owned Output Exploration LLC for $95.6 million in cash and stock in a move to boost natur...

Road-boring rig to aim at viscous Texas oil

06/28/2006 A West Texas operator will use a modified road-boring rig to drill two multilateral horizontal pilot wells to access shallow viscous oil in Wardlaw...

EnCana to buy Maverick basin interests

09/29/2005 EnCana Oil & Gas (USA) Inc. agreed to pay $80 million for 300,000 acres in the Maverick basin of Southwest Texas from Exploration Co. of Delaware I...

Exploration Co. expands Maverick basin holdings

02/18/2005 The Exploration Co., San Antonio, expanded its acreage holdings in the Maverick basin in Southwest Texas and added numerous drilling prospects in t...

Exploration Co. to pursue 'strategic alternatives'

12/17/2004 Exploration Co., San Antonio, said it retained financial consultants to pursue alternatives for the company that include merger or sale.

Myriad Maverick basin prospects challenge San Antonio independent

10/04/2004 With half a basin to explore and exploit, Exploration Co. of San Antonio is probably not too worried about a lack of geologic opportunities.

Area Drilling

02/24/2003 The international unit of Harken Energy Corp., Houston, spudded the Cajaro-1 wildcat on the 82,752-acre Cajaro Association Contract in the Llanos b...

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected