More Unconventional News

MORE DRILLING DUE NEAR ARIZONA CO2/HELIUM STRIKE

Sep 5, 1994 Further drilling is planned to evaluate an apparent carbon dioxide and helium discovery in East Central Arizona. A group led by Ridgeway Arizona Oil Corp., a subsidiary of Ridgeway Petroleum Corp., Calgary, will attempt to complete the apparent discovery from eight intervals between 1,450 ft and 1,710 ft in Permian Supai. The well is the Ridgeway/Canstar 1 Plateau Cattle Co., 15-12n-29e, Apache County (OGJ, July 4, p. 66).

TAIWAN MULLS OILSANDS PURCHASE

Sep 12, 1994 Taiwan's state owned Chinese Petroleum Corp. (CPC) is considering a multibillion dollar investment in Alberta's oil sands. Taiwanese and Alberta officials confirmed talks were under way on a $1 2 billion (Canadian) investment in the Syncrude Canada Ltd. plant near Fort McMurray, Alta. The provincial government is interested in selling its remaining 11.74% interest in Syncrude. Alberta Energy Resources Conservation Board recently approved a $2 billion Syncrude expansion plan. More news

EOR DIPS IN U.S. BUT REMAINS A SIGNIFICANT FACTOR

Sep 26, 1994 Guntis Moritis Production Editor Based on the journal's exclusive biennial enhanced oil recovery EOR survey including heavy oil projects, and other estimates, worldwide production from enhanced oil recovery projects at the start of 1994 remained about 1.9 million b/d or about the same as at the beginning of 1992. The 1.9 million b/d represents about 3.2% of the world's oil production. Although worldwide EOR production has hit a plateau, projects in the next few years in China, Alaska,

SOURCE, RESERVOIR PROMISE SEEN IN MARATHON-OUACHITA OVERTHRUST

Sep 26, 1994 Ali Said Trabelsi David K. Davies & Associates Inc. Houston The Permian Basin of West Texas is a prolific 7 oil and gas province that has been extensively explored, but the Marathon Ouachita overthrust area of Pecos County, Tex., is not fully explored. Rocks of the Ouachita fold belt have been generally regarded by most petroleum geologists as metamorphosed and unsuitable for oil and gas accumulation.

RELATED FUELS

Oct 17, 1994 *Designates projects listed for the first time. BIG THREE INDUSTRIES INC. Port Neches, Tex. 37,000 kw cogeneration plant. CROCKETT COGEN. Crockett, Calif. 240 Mw gas fired cogeneration plant under construction. DD/PE/CS: Bechtel. Completion: 1996. DEPARTMENT OF ENERGY. Pinon Pine. Clean coal project in the engr. stage. Lic: Kellogg. Engr: Sierra Pacific. Contr: Foster Wheeler. Completion: 1996. DESTEC ENERGY Inc. Fort Meade, Fla. 212,000 kw Tiger Bay cogeneration plant under

OGJ NEWS LETTER

Nov 21, 1994 The petroleum industry is pinning its hopes on continued strong growth in oil and gas demand. World oil products demand the next 5 years is likely to grow 2.3%/year-well above consensus-predicts Lehman Bros.' Bernard Picchi. Picchi told API's annual meeting last week supplies will be adequate and predicted real oil prices in 2000 at $15-20/bbl.

INDUSTRY BRIEFS

Dec 12, 1994 NIGERIA LNG LTD. and a group including M.W. Kellogg Co., Technip SA, Snamprogetti SpA, and JGC Corp. signed a memorandum of understanding for construction of a $4.5 billion, 5.9 million metric ton/year liquefied natural gas export complex at Bonny Island in Rivers state, Nigeria. Construction is to start next year, with first exports slated for first half 1999. The project team will consist of members from each company and will be based in M.W. Kellogg's London office.

INDUSTRY BRIEFS

Dec 19, 1994 NOVAGAS CLEARINGHOUSE LTD., Calgary, plans to build a 40 MMcfd gas processing plant and associated gathering pipelines at Zama Lake, Alta., 700 km northwest of Edmonton. The $30 million (Canadian) plant will be built next to a gas processing plant operated by Pennzoil Canada Inc., which will operate the Novagas plant under contract. MOBIL CHEMICAL CO. is expanding capacity to produce base stocks for synthetic lubricants to 10 million gal/year from 7 million gal/year at its Beaumont, Tex.,

INDEPENDENTS STEP UP USE OF ONSHORE 3D SEISMIC SURVEYS

Jan 2, 1995 Oil and gas industry consolidation in North America and emerging seismic capabilities have triggered a burst of onshore three dimensional surveys by independent operators. Major integrated companies have helped set the stage for all the activity by divesting onshore oil and gas leases across the U.S. and Canada in favor of bigger, possibly more profitable prospects overseas.

MANAGEMENT PERSPECTIVE WHY GAS PRODUCERS SHOULD CAPE ABOUT POWER INDUSTRY DECONTROL

Jan 2, 1995 Vinod K. Dar Chairman Jefferson Gas Systems Inc. Washington, D.C. and Senior Adviser RCG/Hagler, Bailly Inc. The business of producing and selling natural gas seems remote from deregulation and restructuring of the U.S. electricity industry. Gas producers are busy enough understanding and managing technological, capital market, and regulatory changes rippling through the gas industry to fret about what appears to be a completely different enterprise: electricity.

PROMISE SEEN IN PETREL SUB-BASIN OFF NORTHWESTERN AUSTRALIA

Jan 30, 1995 Tun U. Maung , Virginia Passmore Bureau of Resource Sciences Parkes, ACT, Australia The Australian government during the past 11 years has been regularly releasing vacant areas on the Australian continental shelf for exploration. Although Australia's offshore basins cover an area of 12 million sq km, only about 1,100 exploration and development wells have been drilled, and most of the basins are underexplored by world standards. One of these areas is the Petrel sub-basin of the Bonaparte

DRILLING PERFORMANCES OF 1994 TO REPEAT IN 1995 IN U.S. AND CANADA

Jan 30, 1995 G. Alan Petzet Exploration Editor Majors' Drilling Outlook (19821 bytes) Oil & Gas Journal Well Forecat for 1995 (13167 bytes) A 26 Year Record of U.S. Well Completions (12360 bytes) U.S. Fields With Ultimate Oil Recovery Exceeding 100 Million BBL (67539 bytes) U.S. Fields With Ultimate Oil Recovery Exceeding 100 Million BBL (Continued) (68985 bytes) The years 1995 and 1994 may turn out to be nearly carbon copies in terms of the number of wells to be drilled in the U.S. and Canada.

INDUSTRY BRIEFS

Jan 30, 1995 UKRAINE'S parliament approved construction of a $790 million crude oil terminal at Yuzhny near Odessa on the Black Sea coast, London's Financial Times reported. Starting late in 1996 the terminal will allow imports of 1220 million metric tons/year of crude, to be processed at Ukraine's 78,321 b/cd Odessa and 172,707 b/cd Kherson refineries.

INDUSTRY BRIEFS

Feb 13, 1995 U.S. DEPARTMENT OF TRANSPORTATION proposed setting a liability limit for deepwater ports in general and specifically for Louisiana Offshore Oil Port, the only U.S. deepwater port in operation. DOT, seeking comment on the proposed rule, is considering three options with $50-350 million of limited liability. ARCO BRITISH LTD.

KERN RIVER STEAM FLOOD DOUBLES OIL PRODUCTION

Feb 20, 1995 Jeff Jones, Michael McWilliams, David Sturm Santa Fe Energy Resources Inc. Bakersfield, Calif. Santa Fe Energy Resources Inc.'s aggressive redevelopment of it's Kern River operations increased oil production from 1,600 b/d to over 4,000 b/d, reduced operating costs from over $8 to about $4/bbl, and significantly extended the field's economic life. Total capital expenditures were about $5 million over 5-years.

TEAMWORK AND GEOSTEERING PAY OFF IN HORIZONTAL PROJECTS

Feb 27, 1995 Tom Schroeder , Dan Mathis Baker Hughes Inteq Houston Ron Howard , Guy Williams , Jimmy Sun Pogo Producing Co. Houston The use of measurement while drilling data in real time and teamwork with open communication and quick decisions at the rig site ensured the success of a I five-well horizontal project in the Gulf of Mexico. (Table 1 - Shallow Production From Similar Horizontal Wells In Gulf Of Mexico)

MODERN DEVONIAN SHALE GAS SEARCH STARTING IN SOUTHWESTERN INDIANA

Feb 27, 1995 Edward D. Minihan , Ray D. Buzzard Consulting petroleum geologists Fort Worth The New Albany shale of southwestern Indiana is a worthwhile exploration and exploitation objective. The technical ability to enhance natural fractures is available, the drilling depths are shallow, long term gas reserves are attractive, markets are available, drilling costs are reasonable, risks are very low, multiple drilling objectives are available, and the return on investment is good. Indiana Geological Survey

PARTIAL U.S. OIL, GAS RESOURCE VOLUMES TERMED 'ASTONISHING'

Mar 6, 1995 G. Alan Petzet Exploration Editor Land and state waters of the U.S. contain technically recoverable volumes of 112.6 billion bbl of oil and 1,073.8 tcf of conventional and unconventional gas, the U.S. Geological Survey estimated. The figures include proved reserves, expected future additions to reserves in existing fields, and undiscovered resources (Table 1) (31684 bytes) . Donald L. Gautier of Denver, project chief for the USGS study, called the volumes "astonishing."

DRILLED CORE HOLES KEY TO COALBED METHANE PROJECT

Mar 6, 1995 Charles Willis River Gas Corp. Northport, Ala. An efficient system of drilling core holes for data followed by drilling, tracing, and producing gas wells helped develop economic quantities of coalbed methane. The objective of the Drunkards Wash, Utah, project is to explore for and produce commercial quantities of methane from medium-depth coal seams in east central Utah. Current gas production rates are exceeding the projections made prior to development and used for initial economic

INDUSTRY BRIEFS

Mar 6, 1995 AN UNKNOWN VOLUME of No. 6 bunker oil spilled when an explosion and fire injured a crew member and damaged a cargo tank on the Florida Express tanker Feb. 27 in the Gulf of Mexico about 53 miles off Galveston, Tex. The U.S. Coast Guard spotted an oil slick extending about 1 mile from the vessel. Spill containment and salvage responses were under way at presstime last week. Owner is Tortuga Shipping Go., Miami, and operator is Coscol, Houston.
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