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Noble wells yields
state college, pa.
REX Energy, a major player in both the Marcellus and Utica shale plays, has announced the initial results from its first three “Warrior South Prospect” wells in Noble County.
The Guernsey 2H well was drilled to a total measured depth of approximately 12,097 feet with a lateral length of approximately 3,640 feet and was completed in 23 stages. Based on composition analysis, the gas being produced is approximately 1,207 BTU. At the Guernsey 1H well-site and the Noble 1H well-site, approximately 1,216 BTUs are being produced based on early estimates.
Statoil discovers African gas play
Statoil announced in March its discovery of between 4 and 6 trillion cubic feet of natural gas at its Tangawizi-1 well off the coast of Tanzania, Africa.
The discovery brings the fields total reserves to between 15 and 17 trillion cubic feet of natural gas.
Statoil, a diversified energy company with offices across the world, is one of the top leaseholders in the Marcellus Shale play, with 689,000 acres.
Its latest discovery off the coast of Tanzania is its third major find in recent months. The company, along with ExxonMobil, its co-venturer, is working to further mature additional prospects in the region.
Hess unveils strategic plan
Hess Corporation has announced several initiatives highlighting its multiyear strategic transformation into a complete exploration and production company.
Once complete, the transformed Hess will have a focused portfolio of higher growth and lower risk assets. With attractive, oil linked reserves, Hess anticipates achieving a five-year production growth rate of 5 percent to 8 percent, based on 2012 production.
Among other things, the company will sell infrastructure assets in North Dakota, exit the downstream business and name six new independent directors to oversee its transition.
BP-Husky touts reformer success
BP-Husky Refining LLC marked the successful commissioning of a state-of-the-art naphtha reformer at the joint venture’s Toledo Refinery with a March ribbon-cutting ceremony at the 160,000 barrel-per-day plant.
The project involved replacing two older catalytic reformers and a hydrogen plant with a single 42,000-barrel-per-day reformer.
Catalytic reforming is an essential part of the oil-refining process. Reformers use special reactors and catalysts to transform naphtha, a component of oil and gas, into high-octane gasoline blend stocks. The latest technology for both reforming and catalyst regeneration was used for the project, which cost $400 million.