El Paso Exploration & Production Co. LP, Houston, completed a Wilcox well flowing 15.1 million cu. ft. of gas with 163 bbl. of water a day in eastern Lavaca County (RRC 2), Texas. The #1 Rodgers was drilled to a total depth of 15,499 ft. in the William Parks Survey, A-362. Nearest Wilcox production is about 2.5 miles eastsoutheast. There, #3 Pitts flowed 6.42 million cu. ft. of gas a day when it was completed in 2003, and has recovered 842.8 million cu. ft. of gas and 14,531 bbl. of water as part of Speaks South Field. Speaks South Field has recovered a total of 7.61 billion cu. ft. of gas, 14,711 bbl. of condensate and 362,017 bbl. of water from five Wilcox wells since coming onstream in 2002.
Guyana Projects State Oil Revenue to Hit $1.63 Billion This Year
2023-01-17 - Guyana's finance minster called 2022 "a major year of exploration" for the country.
Exxon Set to Order 5th Guyana Oil Vessel, Sizing Up More Blocks
2023-01-17 - Since Exxon made Guyana's first offshore discovery in 2015, the South American country has become the world's fastest growing oil region, with estimates its fields could produce 1.64 MMbbl/d by the end of the decade.
Bernstein Forecast: US Capex to Rise 15% — But Remains Near 20-year Low
2023-01-17 - Global capex will increase to $575 billion, which is well shy of what is needed to meet long-term oil and gas demand, analysts say.
Nord Stream Partner to Withdraw from Russia
2023-01-17 - Wintershall Dea takes a 5.3 billion euro hit as it shuts down all of its operations in Russia.
Italy’s Eni Tapping African Gas to Replace Russian Molecules
2023-02-27 - Italian energy major Eni has helped stabilize energy supplies in Italy and Europe after Russia’s invasion of Ukraine in February 2022 and expects its African gas projects to completely displace Russian gas volumes by 2025.