Denbury Completes North Lirette Field Well
Denbury
Denbury has completed its second well in the North Lirette Field in onshore Louisiana, a follow-up to the discovery well announced in August 2003. DeGolyer & MacNaughton, the Company's independent reservoir engineering firm, has estimated that the two North Lirette wells have total proven reserves of approximately 8.9 Bcf, net to the Company's interest. The initial well is currently producing approximately 16 MMcf/d gross (8.0 MMcf/d net) and 150 Bbls/d gross (75 Bbls/d net) while the second well, which commenced production during the last two weeks, is currently producing approximately 15 MMcf/d gross (9.6 MMcf/d net) and 200 Bbls/ gross (125 Bbls/d net).
The Company has also recently drilled a successful well in the Brazos A-21 Field in the Gulf of Mexico offshore Texas, the first of five to six offshore wells scheduled by Denbury for the last half of 2003. DeGolyer & MacNaughton has estimated that this well has total proved reserves of approximately 4.8 Bcf, net to the Company's interest. The Brazos well encountered nine productive reservoirs, seven of which have not been seen in down-dip wells. The Company believes that there may be significant additional potential reserves associated with this well. This well is expected to be on production within the next month.
The Company has also recently drilled a successful well in the Brazos A-21 Field in the Gulf of Mexico offshore Texas, the first of five to six offshore wells scheduled by Denbury for the last half of 2003. DeGolyer & MacNaughton has estimated that this well has total proved reserves of approximately 4.8 Bcf, net to the Company's interest. The Brazos well encountered nine productive reservoirs, seven of which have not been seen in down-dip wells. The Company believes that there may be significant additional potential reserves associated with this well. This well is expected to be on production within the next month.
RELATED COMPANIES
Company: Denbury Resources Inc. more info
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension