Potash

A nonprofit economic and public policy research firm is warning policymakers in Western Canada that shale gas development in British Columbia (BC) and oilsands development in northern Alberta are “stress points” that could negatively impact water quality and supplies if not properly regulated.

Greka Energy Corp., an international vertically integrated oil and gas producer, has completed a Miocene test of its Haspel & Davis #1 well in the Potash Field in Plaquemines Parish, LA to a total depth of 10,604 feet. The well, which was directionally drilled underneath a large salt overhang in inland waters, is expected to have initial production rates of 3 MMcf/d and 350 bbl/d by early September. Greka said the well has the potential to add up to $6.5 million in annual revenue within its Americas division; the company reported $8.5 million in worldwide revenue for the first six months of 2001. More than 360 feet of productive pay zones were encountered, of which almost 160 feet is expected to be gas and 200 feet to be oil.