Texas-West

Arena Resources Inc., Tulsa, finalized a contract with an undisclosed pipeline operator to transport about 95% of oil production from Fuhrman-Mascho field in Andrews County, Tex.

By OGJ editors
HOUSTON, Oct. 21
– Arena Resources Inc., Tulsa, finalized a contract with an undisclosed pipeline operator to transport about 95% of oil production from Fuhrman-Mascho field in Andrews County, Tex.

Construction began Oct. 16 on a gathering system that will connect most of the field’s existing and new tank batteries, taking an estimated 70% of production by the end of 2009 and 95% ultimately.

The arrangement is expected to save $1/bbl and widen marketing options. Some 5% of output will continue to be trucked. The company’s total production averaged 6,000 boe/d in the quarter ended June 30.

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