Completion of Offshore Wells

Wednesday, August 25, 1999
The Houston Exploration Company announced the completion of offshore wells that should provide additional production beginning in the second quarter of 1999. Because of drilling activity during the first quarter, the company shut-in certain production from its Mustang Island A-31/A-32 region. Due to this shut-in and other factors, the Company expects first quarter 1999 production levels will average approximately five percent higher than the prior quarter's level. In the company's three-lease complex in the Mustang Island region on the shelf of the Gulf of Mexico, the Company successfully drilled its first well since acquiring the property in the fourth quarter of 1998. The Mustang Island A-32 B-8 well, a development well, was drilled to a total depth of 9,900 ft. and encountered more than 100 ft. of net pay in six sands. The well began production on April 14, 1999, and is expected to produce eight to ten mmcfe per day, net to the company. The company holds 100 percent working interest in the well. The Company also announced the successful recompletion of the lower horizon of the High Island 38 No. 1 well. Following a gravel pack failure in mid-1998, Houston Exploration assumed operations of the well and restored production in the lower horizon, with an initial flow rate of 9.6 mmcfe per day, which is expected to increase to 12 mmcfe per day, net to the company. Houston Exploration holds a 100 percent working interest in this horizon of the well.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)

Gener8 Maritime Net Income Up 91%

Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share,

Offshore

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0726 sec (14 req/sec)