production

Berry Petroleum Co. has completed its $48.6 million purchase of Uinta Basin properties from Williams Production RMT Co. The properties, located in the Brundage Canyon in northeastern Utah, currently are producing 1,800 net boe/d. Berry estimates the 43,500 acres have proved reserves of 8.6 million boe, comprised of 75% light oil and 25% natural gas. The company said it had identified more than 50 proved undeveloped locations and 25 behind pipe recompletions within the productive area of the field. The Bakersfield, CA-based independent also announced that Logan Magruder has joined the company as vice president of the Rocky Mountain and Mid-Continent Region. Magruder held similar positions with Calpine Corp. and Barrett Resources, and has served as a consultant for Berry since Feb. 2003.

Berry Petroleum Co. has completed its $48.6 million purchase of Uinta Basin properties from Williams Production RMT Co. The properties, located in Brundage Canyon in northeastern Utah, currently are producing 1,800 net boe/d. Berry estimates the 43,500 acres have proved reserves of 8.6 million boe, comprised of 75% light oil and 25% natural gas.

Columbia Gas plans will begin Wednesday a rotating shut-in of interrruptible production that will continue through the summer at the A05-Delmont aggregation point in the southern part of Market Area 36. This is due to excessive line pressure resulting from decreased market requirements, the pipeline said. Columbia’s field personnel will notify affected producers.

The board of directors of ConocoPhillips said Thursday that it has implemented a number of changes in the management of its Exploration & Production segment. Following a brief transition period, changes in the segment will include:

As NGI sources had suspected the day before, the cash market couldn’t keep rising indefinitely without visible means of support. Sure enough, eastern prices finally reacted Thursday to the one-two punch of weakening futures and only a modicum of weather-related demand by registering declines that were mostly in the vicinity of a dime but ranged from about a nickel to a little more than 20 cents.

Independent producer Canadian Superior Energy Inc. said last Wednesday El Paso Corp.’s Canadian production subsidiary has agreed to join in developing and drilling its Mariner natural gas prospect offshore Nova Scotia, which is believed to hold potential reserves of more than 1 Tcf. This marks the second time the two producers have teamed up in the region.

Independent producer Canadian Superior Energy Inc. said Wednesday El Paso Corp.’s Canadian production subsidiary has agreed to join in developing and drilling its Mariner natural gas prospect offshore Nova Scotia, which is believed to hold potential reserves of more than 1 Tcf. This marks the second time the two producers have joined forces in the region.

Continuing on with its 2003 exploration and production strategy despite a few recent company speed-bumps, Anadarko Petroleum Corp. announced a natural gas discovery at its Jubilee prospect in the Eastern Gulf of Mexico. The Atwater Valley 349 No. 1 well is the first well drilled in Anadarko’s Eastern Gulf of Mexico exploration program.

Continuing on with its 2003 exploration and production strategy despite a few recent company speed-bumps, Anadarko Petroleum Corp. announced a natural gas discovery at its Jubilee prospect in the Eastern Gulf of Mexico. The Atwater Valley 349 No. 1 well is the first well drilled in Anadarko’s Eastern Gulf of Mexico exploration program.