Produce

Shell Exploration & Production Co. (SEPCo) announced that it is developing a subsea production system in the Gulf of Mexico to produce more than 30 Bcf of natural gas over the course of its life. Project Einset’s peak production rates may reach up to 60 MMcf/d.

Shell Exploration & Production Co. (SEPCo) announced Tuesday that it is developing a subsea production system in the Gulf of Mexico expected to produce in excess of 30 Bcf of natural gas over the course of its life. SEPCo said that Project Einset’s peak production rates may reach up to 60 MMcf/d.

To produce enough natural gas to fuel the nation’s growing demands, the North American gas industry, which has an adequate resource base, must be permitted access to lands as well as capital, Jerry Jordan, chairman of the Independent Petroleum Association of America (IPAA) told a Washington audience last Thursday.

To produce enough natural gas to fuel the nation’s growing demands, the North American gas industry, which has an adequate resource base, must be permitted access to lands, as well as capital, Jerry Jordan, chairman of the Independent Petroleum Association of America (IPAA) told a Washington audience Thursday.

The best way to ease the burden of high natural gas costs is tolet producers produce and not overly regulate generators, industryofficials told the Texas Railroad Commission this week. The TRC,which is preparing recommendations on the state’s natural gasmarket, will hear testimony from stakeholders again Thursday beforefinalizing its recommendations for state legislators.

With regulatory approvals expected soon to tie into a nearbypipeline, the N-01 well at Fort Liard in the Northwest Territoriesshould begin producing by the second quarter, according to one ofthe operators, Berkley Petroleum Corp. Berkley operates the wellwith partners Forest Oil Corp. and Paramount, with each holding a33.33% interest. Paramount operates the pipeline.

Market observers watched in disbelief yesterday as prices atsome locations rocketed up more than $1 from Wednesday’s levels.Most cash points made daily gains of between 40 and 50 cents, anddaily price ranges were enormous.

What type of reserves cost comparatively little money toproduce, a few days to complete, have years of production growth inareas once thought to be depleted and offer nearly instant success?If you were thinking coal-bed methane wells, collect your $200 andadvance to Go.

What type of reserves cost comparatively little money toproduce, a few days to complete, have years of production growth inareas once thought to be depleted and offer nearly instant success?If you were thinking coal-bed methane wells, collect your $200 andadvance to Go.