DUMA $2.04 An Actively Producing Oil and Gas Compa
Post# of 53479
Posted On: 07/30/2013 11:10:38 AM
DUMA $2.04 An Actively Producing Oil and Gas Company
The 4 fields located in the shallow waters of Galveston Bay and Trinity Bay (located North of Galveston Island) were purchased by the company in February 2011. The majority of these fields were originally developed and the facilities built by Exxon. Production from the fields is focused almost entirely on the Frio interval which has been the most prolific in the region. The company also operates several offshore production and processing platforms as well as pipelines that carry the produced gas and liquids to shore-based production and processing facilities where they are either disposed of or sold. Currently, the fields are receiving a full geological and engineering analysis to determine future projects including, reworks, recompletions, plugging, offsets, and potential new drilling locations. A new well was recently drilled in the Fishers Reef Field, Trinity Bay and is currently awaiting completion.
The 4 fields located in the shallow waters of Galveston Bay and Trinity Bay (located North of Galveston Island) were purchased by the company in February 2011. The majority of these fields were originally developed and the facilities built by Exxon. Production from the fields is focused almost entirely on the Frio interval which has been the most prolific in the region. The company also operates several offshore production and processing platforms as well as pipelines that carry the produced gas and liquids to shore-based production and processing facilities where they are either disposed of or sold. Currently, the fields are receiving a full geological and engineering analysis to determine future projects including, reworks, recompletions, plugging, offsets, and potential new drilling locations. A new well was recently drilled in the Fishers Reef Field, Trinity Bay and is currently awaiting completion.
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