Italy’s Eni has begun producing natural gas from its Longhorn field in the U.S. Gulf of Mexico (GOM), which will initially produce at a rate of approximately 200 MMcf/d, the company said. Longhorn is in Mississippi Canyon Blocks 502 and 546, 60 miles off the Louisiana coast. Eni operates the field with a 75% working interest, while Nexen Inc. holds the remaining 25%. Gas is being produced from four subsea wells in a water depth of 2,500 feet. The wells are connected to the Eni-operated Corral platform, previously known as Crystal. The platform has been fitted with a newly built production and compression facility with a processing capacity of 250 MMcf/d and 6,000 b/d of oil. The Longhorn project achieved its first production in about three years from the initial exploration discovery made in July 2006 (see NGI, Feb. 5, 2007), and was completed in less than two years from the sanction, Eni said. In addition to the Longhorn field, the Corral platform is being outfitted to increase liquids production capacity up to 12,000 b/d to accommodate the future tie-in of the Appaloosa oil field, which is owned 100% by Eni and is under development with production anticipated to start in 2010.
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Articles from Initially
Denbury, Encore to Combine in $4.5B Deal
Denbury Resources Inc., an oil recovery specialist, and Encore Acquisition Co. have agreed to merge in a transaction initially valued at $4.5 billion, including debt. According to Denbury, the merger could result in the sale next year of noncore assets, including Encore’s natural gas-weighted properties.
Denbury, Encore to Combine in $4.5B Deal
Denbury Resources Inc., an oil recovery specialist, and Encore Acquisition Co. on Sunday agreed to merge in a transaction initially valued at $4.5 billion, including debt. According to Denbury, the merger could result in the sale next year of noncore assets, including Encore’s natural gas-weighted properties.
Eni Begins Producing Gas From Longhorn Field in GOM
Italy’s Eni has begun producing natural gas from its Longhorn field in the U.S. Gulf of Mexico (GOM), the company said Monday. The field will initially produce at a rate of approximately 200 MMcf/d.
Settlement Proposed in Energy Transfer Enforcement Case
Energy Transfer Partners LP (ETP) and three affiliates have reached a proposed settlement with FERC enforcement litigation staff that resolves all claims that they manipulated physical natural gas prices at key Texas trading points from late 2003 to 2005.
Apache: Horn River Gas Wells More Promising than Expected
Apache Corp.’s natural gas drilling results in British Columbia’s Horn River Basin show more promise than initially estimated, with the potential recovery for individual horizontal wells estimated at 10 Bcf, executives said Thursday.
Apache: Horn River Gas Wells Promising
Apache Corp.’s natural gas drilling results in British Columbia’s Horn River Basin show more promise than initially estimated, with the potential recovery for individual horizontal wells estimated at 10 Bcf, executives said Thursday.
Energy Transfer: Two More Contracts for Proposed Haynesville Pipe
Energy Transfer Partners LP (ETP) Thursday announced two more binding contracts to transport natural gas via its proposed Tiger Pipeline system. The 180-mile pipeline, to be constructed by ETP and a subsidiary of Chesapeake Energy Corp., would carry gas from Carthage, TX, through the heart of the Haynesville Shale and terminate near Delhi, LA (see Daily GPI, Jan. 28).
Marathon Sanctions Two Deepwater GOM Projects
Two deepwater Gulf of Mexico (GOM) development projects, Droshky and Ozona, which initially may book a total of 29 million boe of natural gas and oil proved reserves, will move forward following approval by Marathon Oil Corp.
Transportation Notes
El Paso declared a systemwide Strained Operating Condition (SOC) for a draft condition Tuesday. The imbalance tolerance was initially set at 10%, but El Paso warned that it will reduce the tolerance “if conditions do not sufficiently improve.” A significant increase in system loads was a result of high ambient temperatures in the pipeline’s service area in combination with takes in excess of scheduled quantities resulted in a loss of about 300 MMcf in linepack since noon MCT Monday, El Paso explained, and its Washington Ranch storage facility was at maximum withdrawal rate. Interruptible Storage Service was suspended Tuesday until further notice.
