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Exploration Development 2007 P2

  • 04/24/2007 -- Apache Julimar-1 finds gas off Australia
    Apache Corp.'s Julimar-1 wildcat on the WA356P permit of Australia's North West Shelf flowed a combined 85 MMcfd of gas and 835 b/d of condensate on choke from two zones of four tested.
  • 04/20/2007 -- Green River basin well due multizone tests
    Pacific Energy Resources Ltd., Long Beach, Calif., plans extensive treatment and tests at an indicated discovery in the Wyoming Green River basin east-southeast of giant Jonah gas-condensate field and will drill a second obligation well to 21,000 ft.
  • 04/17/2007 -- Virginia's Nora field due CBM, shale thrusts
    Two US independents moved to equalize their interests in giant Nora gas field in western Virginia, with one pressing coalbed methane development and the other exploiting expected deeper shale gas potential.
  • 04/03/2007 -- Apache finds gas in Egypt's Western Desert
    Apache Corp. has made a gas discovery on the Matruh Concession in Egypt's Western Desert with the Jade-1X well, which extends the known productive limits of the Jurassic gas fairway almost 12 miles southwest of existing Jurassic production.
  • 04/13/2007 -- Apache tests Zaina-2 oil well in Egypt
    Apache Corp.'s Zaina-2 well in Egypt's Western Desert tested 1,067 b/d of oil from 12 ft of pay in the Abu Roash G-10 sand, the company reported.
  • 04/10/2007 -- Marathon makes oil discovery in deepwater gulf
    Marathon Oil Corp. has made a deepwater discovery on Green Canyon Block 244 (OCS-G 11043) in 2,900 ft of water in the Gulf of Mexico about 137 miles south-southwest of Venice, La.
  • 04/27/2007 -- Drilling nears in Colorado's San Luis basin
    Lexam Explorations Inc., Toronto, is awaiting interpretation of the first 3D seismic survey in the San Luis basin of Colorado to determine whether to proceed with drilling of two permitted wildcats in the nonproducing basin.
  • 05/01/2007 -- Fayetteville shale flow hits 155 MMcfd
    Southwestern Energy Co., Houston, said its gross gas production from the eastern Arkoma basin Fayetteville shale play in Arkansas was 155 MMcfd as of Apr. 30.
  • 05/11/2007 -- Petrobras finds gas with Espirito Santo basin well
    Petroleo Brasileiro SA (Petrobras) has reached 130-m thick gas-saturated sandstone reservoirs at 3,378 m with its 6-ESS-168 well in Camarupim offshore field in the Espirito Santo basin.
  • 05/16/2007 -- Hydro, Anadarko to develop Brazil's Peregrino oil field
    Hydro ASA and Anadarko Petroleum Corp. have received permission from the Agencia Nacional do Petroleo for plans to develop Peregrino oil field, which lies in 100 m of water about 85 km off Brazil.
  • 05/23/2007 -- Barnett play moves far south of Fort Worth
    Operators are finding apparently commercial volumes of gas in the Mississippian Barnett shale as far as 100 miles south of Fort Worth.
  • 05/21/2007 -- Total makes two oil finds on Angola's Block 32
    Total E&P Angola (Block 32) Ltd. and its partners have made two more oil discoveries on deepwater Block 32 off Angola.
  • 06/14/2007 -- Indonesia's Tarakan basin draws attention
    Indonesia's Tarakan basin, where exploration dates to 1897, is enjoying more drilling after the testing earlier this year of its first deepwater discovery.
  • 06/08/2007 -- MMS announces latest royalty in-kind contracts
    The US Minerals Management Service will receive more than 3.7 million bbl of oil as royalties in-kind under contracts awarded to four US producers, the Department of the Interior agency said.
  • 06/06/2007 -- Oilexco to test Huntingdon prospect in UK North Sea
    Oilexco North Sea Ltd. and its partners will carry out a drillstem test on the Upper Jurassic Fulmar sand in the Huntington prospect in the UK Central North Sea to confirm the extent and commerciality of the reservoir.
  • 06/11/2007 -- BP, Noble make deepwater gulf discovery with Isabela
    BP PLC and Noble Energy Inc. hit hydrocarbon pay with their Isabela prospect about 150 miles southeast of New Orleans in the Gulf of Mexico.
  • 06/22/2007 -- Apache tests Exmouth basin well off W. Australia
    Houston independent Apache Corp. has completed a successful test of Theo 3-H, the first horizontal well at the Van Gogh development in the Exmouth basin 1,175 km off Western Australia.
  • 06/29/2007 -- Grand Gulf Energy US drilling program successful
    Grand Gulf Energy has reported on recent successes with three new wells in "low-risk conventional oil and gas plays" in Oklahoma and Louisiana, the company said.
  • 06/27/2007 -- Continental Resources lists 2007 drilling
    Newly public Continental Resources Inc., Enid, Okla., estimated its yearend 2007 production volumes at 8,400-8,800 b/d of oil and 13.8-15 MMcfd of gas.
  • 07/12/2007 -- Light oil exploration due in Kern County
    Chevron USA Inc. and a group of Canadian companies plan to search an underexplored area of the San Joaquin basin in sprawling Kern County for 15-25° gravity oil.

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Wed, Oct 1, 2014

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As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on the full impact of these rulings.
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