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Area Drilling
05/14/2007
SpainSherritt International Corp., Toronto, is awaiting final regulatory approval to begin work on four blocks in the Alboran Sea off southern Spain.The company was awarded permits in March 2007 to explore the blocks, which total 818,261 acres. Planned work includes a 3D seismic survey and contingent wells.OregonTorrent Energy Corp., Portland, Ore., determined that 580 bcf of coalbed methane should be commercially producible from its Coos Bay basin CBM project using a 4,000-ft depth cutoff.This volume is 50% of the identifiable CBM resource. The company, which owns an 83.5% net revenue interest in the project, expects to receive a gas price in excess of the posted New York Mercantile Exch...
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