Unocal Increases Production in USA
Unocal Corporation reported that its Unocal Gulf Region USA unit recorded a 71-percent success rate in its Gulf of Mexico shelf exploration and development program during the first half of 2001. In addition, Unocal completed two significant development wells in Alaska's Cook Inlet, including one that is producing at the highest rate of any oil well in Cook Inlet history.
Unocal Gulf Region USA's continued successful exploration and development drilling program, coupled with production increases by Unocal's Pure Resources, Inc., subsidiary, have boosted Unocal's average Lower 48 natural gas production in the second quarter to 954 million cubic feet (mmcf) per day, a 14-percent increase over fourth quarter 2000. Unocal plans to drill an additional 8-12 exploratory wells on the Gulf of Mexico shelf during the remainder of 2001. Butler noted that most of those wells will focus on opportunities that provide quick turnaround, high rate production.