Platform

Irving, TX-based Magnum Hunter Resources Inc. has completed tests results from two wells at its South Timbalier (ST) 264 platform. The ST 264 A No. 1 well was perforated from 8, 190 feet to 8,224 feet, gravel packed, and tested at rates exceeding 1,000 bbl/d and 2 MMcf/d. The well tested on a 18/64-inch choke with 3,152 psi flowing tubing pressure. The second well, ST 264 A No. 2, was completed from 8,116 feet to 8,174 feet and tested at 2.8 MMcf/d and 200 bbl/d. Flowing tubing pressure was 4,190 psi on a 10/64-inch choke. Magnum Hunter owns 100% working interest in these wells and the associated lease block. Production sales have now begun on ST 264 A No. 2 well and production sales should begin by the end of July on ST 264 A No. 1 well.

The Democrats barely mentioned the word “energy” in theirplatform at the August convention, but President Clinton put thespotlight on energy issues last week in Washington with hisdecision to release 30 million barrels of crude oil from theStrategic Petroleum Reserve (SPR), as well as a record $400 millionof funding for energy assistance to low-income households for thiswinter.

The Democrats hardly mentioned the word “energy” in theirplatform at the August convention, but President Clinton last weektried to make up for that omission by ordering the release of 30million barrels of crude oil from the Strategic Petroleum Reserve(SPR), as well as a record $400 million of funding for energyassistance to low-income households for this winter.

Having set the world’s water-depth record for a combineddrilling and production platform, Exxon Mobil Corp.’s Hoover andDiana fields now are averaging 140 MMcf of gas and 18,000 barrelsof oil per day from five wells, and contain estimated recoverableresources that exceed 300 million oil-equivalent barrels.

Having set the world’s water-depth record for a combineddrilling and production platform, Exxon Mobil Corp.’s Hoover andDiana fields now are averaging 140 MMcf of gas and 18,000 barrelsof oil per day from five wells, and contain estimated recoverableresources that exceed 300 million oil-equivalent barrels.

Northern Natural Gas said Friday an outage of the Mustang Island757/762 platform offshore Texas, which it operates, was now expectedto extend through the middle of this week; previously it hadanticipated the outage would end Friday night (see Daily GPI, Jan. 5). The associated force majeure isaffecting deliveries into Florida Gas Transmission and Transco.

Destin Pipeline reported experiencing problems at both the MainPass 260 platform and the BP Amoco Pascagoula Processing Plant with”some objectionable substance” flowing into the system. It cut theVKGS Main Pass 260 point to 50% of scheduled volumes Monday. Thepoint was shut in Tuesday and no nominations are being acceptedthere until further notice, Destin said.