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Magnum Hunter scores discoveries on Gulf’s continental shelf Company, partners have made eight new oil and gas discoveries over past several months from 10 wells in shallow waters Ray Tyson Petroleum News Houston Correspondent
Texas-based Magnum Hunter Resources, one of the fastest growing exploration and production independents in the United States, says it and its partners have made eight new oil and gas discoveries over the past several months involving 10 wells in the shallow waters of the Gulf of Mexico’s continental shelf.
Magnum Hunter, which holds a 50 percent working interest in a two-well field discovery drilled in May at South Marsh Island block 113, said July 14 that the wells would be produced from a common platform production facility and produced via a pipeline to South Marsh Island block 108.
Construction was expected to begin late in the third quarter of 2004, with first production from block 113 anticipated during the fourth quarter. Production rates were not disclosed. Remington Oil and Gas owns the remaining 50 percent working interest and operates the block.
Production from an April discovery at West Cameron Block 567 is expected to come on stream in the third quarter, Magnum Hunter said. Production rates were not disclosed. Magnum owns a 37.5 percent working interest in the four lease blocks comprising the prospect area. Gryphon Exploration owns a 50 percent working interest and operates the block. Magnum Hunter will operate well at Main Pass block 99 Magnum Hunter, which owns a 100 percent working interest in a discovery at Main Pass block 99, said it would now operate the well it drilled together with Forest Oil in May. A new production pipeline will tie the well back to Magnum Hunter’s Main Pass 178 A Platform. Initial production, which was not disclosed, is scheduled to begin during the fourth quarter.
This month a discovery well was drilled on Vermilion block 64 where first production is expected during the third quarter, Magnum Hunter said, adding that it owns a 25 percent working interest in the block, while Remington owns 50 percent and operates the lease. Production rates were not disclosed.
A new production test from two zones of 13.4 million cubic feet of gas and 1,350 barrels of condensate per day was recorded on a discovery at East Cameron block 205, Magnum Hunter said, adding that first production is expected in the third quarter. Magnum Hunter owns a 40 percent working interest in the block. Remington owns the remaining 60 percent working interest and operates the lease.
At Vermilion block 241, Magnum Hunter and Remington scored another discovery in April that tested at 22 million cubic feet of gas and 1,000 barrels of condensate per day from two horizons. Magnum holds a 50 percent interest in the discovery. Remington has a 50 percent interest and operates the block. First production is expected during the third quarter.
At West Cameron block 383, Magnum and Remington had another discovery that tested at 6.7 million cubic feet of gas equivalent per day. First production is expected in the third quarter. Magnum owns a 25 percent interest in the discovery, while Remington owns 50 percent and operates the block.
Magnum Hunter said a two-well discovery drilled in May at West Cameron block 398 began production earlier this month at a combined rate of 20 million cubic feet of gas equivalent per day. Magnum owns 40 percent of the discovery. Remington owns 60 percent and operates the block.
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