Encore Acquisition sets $445 million budget

By OGJ editors
HOUSTON, Jan. 15 -- Encore Acquisition Co. plans a $445 million capital budget for its 2008 drilling and development program compared with a $370 million drilling and development budget for 2007.

This year Encore Acquisition plans to spend $347 million on drilling, $67 million on improved oil recovery and workovers, and $31 million on land, seismic, and other expanses.

The company, based in Fort Worth, Tex., plans to spend $164 million in the Rockies, $140 million in West Texas, $102 million in the Midcontinent, and $39 million in its New Mexico region.

Jon S. Brumley, EnCore Acquisition president and chief executive officer, said the 2008 budget represents lower risk than did the 2007 budget because the company has refined its focus on long-life oil field enhancement.

Related Articles

California offshore oil and gas operator fined for OCS Lands Act violation

10/10/2008 The US Minerals Management Service fined a California offshore oil and gas operator $450,000 on Oct. 7 for violating the Outer Continental Shelf La...

Senate 'Gang of 10,' House working group try to break energy logjam

08/08/2008 Bipartisan groups of US Senate and House members offered new energy proposals as Democratic and Republican leaders continued to trade potshots and ...

Gaz de France plans major expansions to meet demand growth

06/29/2007 With the full opening of the European Union's gas and electricity markets July 1, Gaz de France is increasing investments by as much as €5.7 billio...

DOE technology manager lauds microhole technology

02/09/2005 US DOE Strategic Center for Natural Gas and Oil E&P Technology ManagerRoy Long"The scope of microhole technology is to drive down drilling costs an...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

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

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

When Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST



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


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