Hydrocarb Energy oil production increases 57% in September

Source:Hydrocarb Energy Corporation

Hydrocarb Energy reported 6000 barrels of oil production during September 2014 from its Galveston Bay, Texas oil and gas assets.

After an extensive infrastructure improvements program begun in July 2014, Hydrocarb Energy Corporation (HECC), a domestic and international energy exploration and production company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world, today reported 6000 barrels of oil production during September 2014 from its Galveston Bay, Texas oil and gas assets, up 57% from 3800 barrels of oil production in August 2014. Gas production decreased modestly from approximately 9617 thousand cubic feet (MCF) in August to 9000 MCF in September 2014.

Chuck Dommer, President and COO of Hydrocarb, stated, “Continuing infrastructure improvements are expected to further increase oil and gas production through the end of 2014 and into 2015, allowing for more consistent production and steady output growth. Current improvements on Hydrocarb Energy’s Galveston Bay oil and gas producing assets are targeting strategic equipment upgrades while the project’s second phase, winterizing select wells, should significantly reduce or eliminate cold weather-related production delays, increasing daily production rates.”

Additionally, 14 wells have been targeted for work overs which should restore or increase oil and gas production via well repair and/or re-completions between the Miocene age Frio formation reservoirs. The work is expected to take several months, and be completed in February 2015. Furthermore, Hydrocarb has engaged Dune International to analyze 3-dimensional seismic data for the Redfish Reef, Fishers Reef, and Trinity Bay work over wells. Dune will also investigate drilling prospects of the deeper Vicksburg and Yegua formation to identify potential oil and gas resources.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs