SandRidge Temporarily Shuts In Production in Gulf, Galveston Bay
SandRidge Energy, Inc. on Wednesday announced two temporary shut-ins of production that are beyond its control. The shut-ins are in the Gulf of Mexico and at the Company's Eagle Bay Field. The production impact is estimated to be 21 million cubic feet per day of natural gas equivalent for roughly 21 days and 18 million cubic feet per day of natural gas equivalent for roughly 31 days, respectively. The Company expects the total production lost should be about 1 bcfe.
The first shut was caused by a small rupture in the High Island Pipeline System (HIPS) operated by Plains All American Pipeline L.P. On December 24th, Plains detected a pressure loss in HIPS, necessitating the shut down. The damage to HIPS was caused by a ship's anchor striking the pipeline while trying to moor in the area, where the water depth is about 90 feet deep. Plains estimates it will take seven days to repair the pipeline, once approval to begin repairs is obtained.
The second shut in is scheduled for mid-January to mid-February for maintenance work on a third party line. The Company will temporarily shut in 18 million cubic feet of per day of natural gas equivalent at the Eagle Bay Field in Galveston Bay, Texas on January 15th. The scheduled shut in will permit Kinder Morgan, which operates the 16" pipeline that connects the field to the Company's Winnie Plant in Jefferson County, to make repairs to the system. Those repairs are expected to be completed by February 16th.
SandRidge is an oil and natural gas company with its principal focus on exploration and production. SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services Inc. brand name; gas gathering, marketing and processing facilities; and, through its subsidiary PetroSource Energy Company, CO2 treating and transportation facilities and tertiary oil recovery operations. SandRidge focuses its exploration and production activities in West Texas where it has assembled a large, focused acreage position, the Cotton Valley Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas properties in the Piceance Basin of Colorado, the Gulf of Mexico, and the Anadarko and Arkoma Basins of Oklahoma and Arkansas.
- Kinder Morgan 3Q Revenue Dips On Harvey Impact (Oct 18)
- Canada Review Of Trans Mountain Pipeline Flawed, Lawyers Argue (Oct 02)
- Kinder Morgan Says Fish-mat Ban May Delay Canada Pipe Expansion (Sep 29)
Company: Plains All American Pipeline more info
- Plains All American's Profit Nearly Halves as Costs Jump (Feb 07)
- Plains All American to Boost Permian Takeaway Capacity (Jan 19)
- Plains All American Pipeline Indicted in Santa Barbara Oil Spill (May 17)
Company: High Island Pipeline Partners more info
- SandRidge Temporarily Shuts In Production in Gulf, Galveston Bay (Jan 04)
- Plains All American Comments on HIPS Leak in Gulf (Dec 26)
Company: SandRidge Energy, Inc. more info
- SandRidge Energy Back from Bankruptcy (Oct 06)
- SandRidge Overcomes Shareholder Fight To Exit Bankruptcy (Sep 09)
- SandRidge Bankruptcy Heads To Showdown With Shareholders (Sep 01)