Through an innovative well-construction design, Burlington Resources Oil & Gas Co. drilled the Bighorn (BH) 5-6 to a Wyoming producing depth record of 24,938 ft (25,200 ft TD) in the Madden Deep Unit (MDU) of the Wind River basin.
With oil industry attention still fixed daily on stubbornly overheated oil prices-and now the potentially fraught issue of future supply from Iraq-one of the most fundamental changes to the sector in the modern era, namely the sharp trend in mergers and takeovers, has largely fallen out of favor as a regular talking point.
A new process, using a patented adsorbent material, recovers nitrogen from natural gas at locations that previously were uneconomical because of their low producing rates, says developer Engelhard Corp., Iselin, NJ.
A Texas-based company's development plan for recovering heavy oil reserves in Trinidad includes 20-acre production units, each with six vertical steam-injection wells and one 1,200-ft horizontal drain hole.
Norway's Statoil AS will spend $50 million on a new diesel dearomatization unit at its Kalundborg refinery near Copenhagen as part of plans to get the jump on European sulfur content legislation due to come into force in 2005.