Range On Track for 1,000 Bopd in Trinidad by End 2015
Range Resources revealed Thursday that it is on track to achieve its previously announced production target of 1,000 barrels of oil per day in Trinidad by the end of 2015.
The company’s average production in Trinidad during the last 30 days was 590 bopd and the latest well, called MD 42N, was spud in the region on September 4, 2015. MD 42N is currently drilling ahead at 2,180 feet to a total depth of 3,120 feet. Range’s estimate of recoverable oil from the well is 72,000 barrels. The company expects to spud four additional wells in Trinidad before the end of October.
Range Resources announced on August 7, 2015 that it planned to increase production in Trinidad during the second half of 2015, following a production decrease of eight percent during June and July this year. Overall production for Range in the region dropped during June and July to 570 barrels of oil per day, compared to 620 bopd in May. On August 24, 2015, the company confirmed its plan to drill 22 exploration and development wells in Trinidad by the end of the first quarter of 2016 and the first of these wells was spud on September 7, 2015.
Range entered Trinidad in 2011 through the acquisition of three producing onshore licenses, gaining a 100 percent working interest in the Morne Diablo, South Quarry and Beach Marcelle developments. The company holds additional exploration acreage on the Guayaguayare license and the St Mary’s license. According to its website, Range is currently the largest private onshore acreage holder in Trinidad.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- North America Enters Rig Loss Streak
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension