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March, 2002

 

PRESIDENTIAL PAPERS

The Presidential papers are written by the top elected officials of selected national associations for an annual report by the American Oil & Gas Reporter.  We have selected a few associations' articles, that pertain to this area, to summarize.  If you would like to see the full articles, refer to American Oil & Gas Reporter Jan 2002 issue, page 160.

New Mexico Oil and Gas Association

(Excerpts) From the Chairman - Cliff P. Brunson (Hobbs, N.M)

"Oil and Gas has been commercially produced in our state since 1922 and has grown to the point that New Mexico is the second-largest producer of natural gas and the fourth largest producer of crude oil in the contiguous United states." "In 2000, natural gas production in New Mexico was 1.6 trillion cubic feet, which is 10 percent of what our country consumes on a daily basis, and 65.4 million barrels of crude oil."  

"The proposed national energy policy is based on three basic ideas: creation of a long term energy strategy for the United States; advancing environmentally friendly technologies to increase energy supplies and efficiency; and raising peoples' standards of living by  integrating U.S. energy, environmental, and economic policies."  "Our goal is to assist in the development of a reliable, affordable, and environmentally sound energy supply for the United States.  Key principles of an energy policy include: environmental responsibility:...", "diversity of supply:...", "and free markets:..."

The entire article can be found in the Jan. 2002 issue of  American Oil & Gas Reporter. pp 175-176

 

Petroleum Technology Transfer Council

(Excerpt) From the Chairman, W.M. Clark Southmayd Jr. (Tulsa, OK)

"The PTTC was organized in 1993, with funding from cost sharing by independent producers  and visionary Department of Energy, state government and university officials.  The mission is PTTC benefits the nation by helping U.S. independent oil and natural gas producers make timely, informed technology decisions."  "The council holds technical workshops across the country on a variety of topics."  "In addition the PTTC supports an internet presence for technology exchange through a national web site with more than 60,000 user sessions each month."

The entire article can be found in the Jan. 2002 issue of  American Oil & Gas Reporter. pp 190-191

Visit the National PTTC site

Independent Petroleum Association Of America

(Excerpt) From the Chairman - Diemer True (Casper, WY)

"IPAA's purpose is to promote the domestic oil and natural gas industry.  The two greatest challenges facing the industry and its member companies are 'access to capitol' and 'access to the resource base.'  IPAA is a leader in both of these fronts."

IPAA has promoted access to capital by sponsoring the successful Oil and Gas Investment Symposium in New York and London each year." "To accomplish the industry's objectives, IPAA has long understood that the currency of politics is not money..."  IPAA's Wildcatters Fund, a bipartisan political action committee, wants to do everything it can to elect pro-business and pro-oil and gas industry candidates to Congress."

The entire article can be found in the Jan. 2002 issue of  American Oil & Gas Reporter. pp 184-185

LIAISON Committee of Cooperating Oil and Gas Associations

(Excerpt) From the President - Larry O. Hulsey (Graham, TX)

"One of the LIAISON's most important functions is working with the Independent Petroleum Association of America to develop an Independent Producer's Agenda.  Last year, IPAA and LIAISON agreed to start fresh and develop the agenda from the ground up.  We believe that with a new administration and a new Congress, the time was right for a fresh approach.  We are currently working on revisions to the Agenda developed last year, in light of changes after September 11."

The entire article can be found in the Jan. 2002 issue of  American Oil & Gas Reporter. p 162

 

 
 
  • Excerpts form "Presidential Papers" American Oil and Gas Reporter.  Jan 2002

BORS Lift Units Profitable in Horshoe-Gallup Unit, New Mexico

Regent Energy Corp. assumed operations in the mature (discovered in 1950) Horseshoe-Gallup Unit in New Mexico. Production is from the Cretaceous Gallup sandstone at about 1,300 ft. Through its life, about 38 million bbl of oil had been recovered from HGU, from some 350 wells. But production is very mature, having been waterflooded since the 1960s. When Regent acquired the property in 1999, there were only 13 wells producing 60 bopd and 300 bwpd. Regent's depletion plan, targeted to achieve 12-13% of the 142 million bbl oil-in-place, includes selective infill drilling and reconditioning or reworking existing wells. Since taking over operations, Regent has increased production to 250 to 300 bopd (plus 1,300 bwpd) from about 120 wells. Economics are still tight in the HGU.

Late in 2000, Regent installed BORS lift units on 10 wells waiting to be abandoned. Looking at costs of $100,000 to $120,000 just to plug the wells, and significantly more if they were reworked, the option to test 10 BORS lift units was attractive. All wells were on production within less than a week after installing the BORS units.

The BORS technology is based on a proprietary mathematical formula that calculates a "balance point" in the oil column. The unit operates by lowering a flexible, cylindrical tube down through the well casing to the balance point, oil driven by reservoir energy fills the tube, the tube is lifted to the surface, the oil dumped, and the dipping process repeated. With this approach, water production and lifting costs are reduced dramatically, and production is often increased. For example, conventionally pumped wells in the Unit area average 2 bopd. During a six-week period in late spring 2001, the 10 BORS-lifted wells averaged 3.5 bopd and further optimization has increased the average to more than 5 bopd. The BORS units were producing about 1.5 bo per bw produced, as compared to 10 bw per bo in conventionally produced wells.

  • Excerpt from an article by Ken Wiley, Regent Energy Corp. and Richard Pomrenke, Grasso Production Management, Inc., "New Technology Improves Results" Hart's E&P, October 2001, pp. 79-82

 

   Page last updated 10/19/2001.  Webmaster gotech@prrc.nmt.edu