Drill

Canadian Natural Resources expects to drill between 500 and 600 gas wells per year for the next several years, growing North American production by 5% annually after 2003, President John G. Langillegas told analysts Tuesday at the East Coast Canadian Energy Conference sponsored by FirstEnergy Capital Corp.

Calgary-based Canadian Superior Energy, one of the largest land holders offshore Nova Scotia, said Thursday it hopes to begin drilling in the second quarter in its “Marquis” Abenaki Reef prospect, in the same trend as PanCanadian’s highly successful Deep Panuke discovery.

Calgary-based Canadian Superior Energy, one of the largest land holders offshore Nova Scotia, said last week it hopes to begin drilling in the second quarter in its “Marquis” Abenaki Reef prospect, in the same trend as PanCanadian’s highly successful Deep Panuke discovery.

The Alberta Energy and Utilities Board dealt a blow to Shell Canada Ltd. by rejecting an application to drill a prime target that the company wanted badly enough to invest more than two years in seeking approval. The dramatic regulatory setback has left industry executives voicing hope that it was an isolated case and confirmed that the Canadian Association of Petroleum Producers has been right to target access to drilling targets as a priority issue.

The Colorado Oil and Gas Conservation Commission has approvedBarrett Resources’ proposal to drill one well per 20 acres withinthe company’s 9,000 acre Rulison, Parachute, and Grand Valleyfields located in the Piceance Basin of western Colorado. With thisruling, Denver-based Barrett expects to add 143 Bcf of proved gasreserves from the allotted 134 well sites by the end of 2000.

The Colorado Oil and Gas Conservation Commission has grantedBarrett Resources’ proposal to drill one well per 20 acres withinthe company’s 9,000 acre Rulison, Parachute, and Grand Valleyfields located in the Piceance Basin of western Colorado. With thisruling, Denver-based Barrett expects to add 143 Bcf of proved gasreserves from the allotted 134 well sites by the end of 2000.

Although a lot of leg work still remains to be done, PetroleosMexicanos, the national oil company of Mexico, plans to drill fivedeepwater wells in the deepwater Gulf of Mexico in the next sevento 10 years, according to a petroleum engineer for PemexExploration & Production.

If the U.S. government would allow energy companies to drill onmore federal lands in the Rocky Mountain states, natural gasproduction could increase and prices then would fall, according toa report issued last week by the Energy Information Administration(EIA), the U.S. Department of Energy’s statistical agency.

If the U.S. government would allow energy companies to drill on more federal lands in the Rocky Mountain states, natural gas production could increase and prices then would fall, according to a report issued last week by the Energy Information Administration (EIA), the U.S. Department of Energy’s statistical agency.