Drilling

El Paso’s Offshore Pipe From Nova Scotia To NY On Track

El Paso Corp. said Tuesday that because of increased drilling activity near Sable Island, it is on track to develop a $1.6 billion pipeline to transport natural gas supplies off the coast of Nova Scotia to markets in Canada and the northeastern part of the United States. The proposed Blue Atlantic Transmission System, anticipated to be in service by the fourth quarter of 2005, would be 750 miles long, and its 36-inch pipe would carry up to 1 Bcf/d along a subsea route from the southern coast of Nova Scotia to landing points in New York and New Jersey.

October 3, 2001

BC Shutdowns Could Impact Winter Drilling

Anadarko Petroleum Corp. confirmed last week that it had shut down two exploration and production projects in the Halfway River First Nation territory in northeastern British Columbia after its employees were asked by the Indian tribe to leave. The shutdown by the world’s largest independent added to growing concern throughout Canada’s oil and gas industry, which could lead to projects being canceled during the upcoming winter season.

September 3, 2001

MMS Highlights Drilling Incentives in Two Lease Sales

The U.S. Minerals Management Service (MMS) last week highlighted the economic incentives for deep gas exploration in its final notice for the Western Gulf of Mexico (GOM) Lease Sale 180 and Sale 178, Part 2, to be held concurrently on Aug. 22 in New Orleans. The sales include an incentive to drill for deep gas deposits located in the shallow water shelf area of the Gulf.

July 30, 2001

MMS Highlights Drilling Incentives in Two Lease Sales

The U.S. Minerals Management Service (MMS) highlighted the economic incentives for deep gas exploration in its final notice for the Western Gulf of Mexico (GOM) Lease Sale 180 and Sale 178, Part 2, to be held concurrently on Aug. 22 in New Orleans. The sales include several initiatives to increase domestic oil and natural gas production.

July 24, 2001

Schlesinger Sees Natural Gas Market Stabilizing

Natural gas prices are stabilizing, and by the end of this year the United States will be seeing increased natural gas supplies as a result of the drilling boom which started late last year. At the same time, there will be some long-lasting conservation impacts on the gas market brought on by the high prices that will offset some of the growth in power generation demand, according to veteran energy analyst Benjamin Schlesinger.

July 18, 2001

Independents Score in Shallow Gulf Bids

Natural gas drilling in the shallow Central Gulf of Mexico drewthe most bids, which were mostly from U.S. independents, in thisweek’s Minerals Management Service lease sale. MMS reported that60% of the bids were for shallow water tracts in acreage less than200 meters deep, considered the best places for quick gasproduction, with total bidding of $227.654 million.

March 30, 2001

Alaska Legislators Lobby Washington on ANWR

The issue of drilling in the Arctic National Wildlife Refuge(ANWR) in Alaska continues to heat up as state legislators continuein their attempts to pry open the restricted lands to natural gasand oil production. Members of the Alaska state legislature were inWashington, DC last week pleading their case for lease sales in thecontested area to begin in the near future, while trying to lay oldmyths to rest regarding the environmental impact.

March 12, 2001

Alaska Legislators Lobby Washington on ANWR

The issue of drilling in the Arctic National Wildlife Refuge(ANWR) in Alaska continues to heat up as state legislators continuein their attempts to pry open the restricted lands to natural gasand oil production. Members of the Alaska state legislature were inWashington, DC this week pleading there case for lease sales in thecontested area to begin in the near future, while trying to lay oldmyths to rest regarding the environmental impact.

March 12, 2001

MMS to Expand Deep-Water Royal Relief

To encourage drilling of marginal deep-water wells (200 metersand greater) in the Gulf of Mexico, the Minerals Management Service(MMS) has proposed a new rule expanding discretionary royaltyrelief for properties that would otherwise be considereduneconomic.

November 17, 2000

Industry briefs

Houston’s 3TEC Energy Corp. yesterday announced successfuldrilling results in St. Mary Parish, LA. The Amy Aycock No. 1 wellin the Garden City Field was drilled to a true vertical depth of15,033 feet, with 18 feet of net pay in the Operc 10 formation. Theoperation is expected to be completed by the end of this month.3TEC is the well operator, and it has a 75% working interest in thoperation. The well is the first in a series of 3-D seismicallydefined prospects expected to be drilled in the next year.

June 14, 2000