Eureka! Exxon Hits Record Gas Well in AL

Exxon has blown away previous production test records for gaswells in the Gulf of Mexico and the state of Alabama. The companyannounced yesterday that it tested a well in Mobile Bay about 2.5miles offshore south of Dauphin Island at 126 MMcf/d. The previousrecord in Alabama state waters was 91 MMcf/d. The well also testedat a higher open flow rate than any well in the federal OuterContinental Shelf area of the Gulf. The OCS record was 113 MMcf/d.

June 17, 1999

Industry Briefs

ONEOK Resources has signed a definitive agreement with OXY USAto purchase some of its natural gas and oil reserves including morethan 400 wells in Oklahoma and Kansas outside the Hugoton field forapproximately $135 million before adjustments. Net production isapproximately 30 MMcf/d and 400 b/d. The properties havelower-risk development potential for increased reserves. WhileONEOK’s previous reserve acquisitions have been concentrated inOklahoma, this purchase includes significant reserves in Kansaswhere ONEOK recently acquired Kansas Gas Service, an LDC servingtwo-thirds of the state. David Kyle, president and chief operatingofficer of ONEOK, Inc., said the acquisition will almost doubleONEOK’s oil and gas reserve base. The acquisition includes a gassweetening plant located in the Aledo Field in Oklahoma.

March 2, 1998
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