Harvest Acquires Near-Offshore Properties from Hess

Harvest Oil and Gas, LLC announced that it has entered into a transaction to buy all of Hess Corp.'s oil and gas producing properties in Plaquemines and St. Bernard parishes, La.

The assets are immediately adjacent to Harvest's core Grand Bay field. The Hess properties include wells and facilities located in eight fields currently producing at a combined net rate of more than 7.5 Mmcfe/d. An additional six fields impacted by Hurricane Katrina are expected to be returned to production in the Third Quarter, 2006. Pre-storm net production from these shut-in properties was 8.6 Mmcfe/d.

The transaction is effective as of April 1, 2006, and is anticipated to close in late August.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
 
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours