Pioneer Shuts In West Panhandle Field Following Compression Station Fire
Pioneer Natural Resources announced this week that a fire occurred at a compressor station on 6 March in its West Panhandle field in the panhandle region of Texas. The fire was contained within the compressor station and there were no injuries.
This asset is one the company said last month will be divested this year, along with its Eagle Ford, South Texas, and Raton holdings so it can move toward becoming a Permian Basin “pure play.”
Due to the extensive damage to the facility, production from the West Panhandle field, which averages approximately 8,000 BOE/D was shut in. West Panhandle production comprises approximately 20% oil, 55% natural gas liquids, and 25% gas. The company expects to use several idle compressors to reinitiate production from the field in late March or early April at approximately 80% to 90% of previous levels.
The West Panhandle field production interruption is expected to negatively impact first quarter 2018 production by approximately 2,000 BOE/D. However, the company continues to expect total production in the first quarter of 2018 to be within its previously announced guidance range of 304,000 to 314,000 BOE/D. Permian Basin production for the first quarter also continues to be forecast within its previously announced guidance range of 252,000 to 260,000 BOE/D.
The company’s first quarter earnings call will take place on 3 May.
Equinor Announces Cost Increase, Delayed Startup for Martin Linge
The North Sea field, which holds an estimated 300 million BOE in recoverable resources, is now scheduled to start production in early 2020. Operator Equinor said the timeline was based on its assessment of the remaining scope of work on the project.
C-Innovation Opens New Dock Facility for Subsea Work
The Port Fourchon, Louisiana, facility will serve as the base for the company’s operations in the area. Its subsea services group has performed multiple hydrate remediation projects in the US Gulf of Mexico since its formation.
Machine Learning and AI Streamline Automated Maintenance Reviews
Machine learning and artificial intelligence technology offer offshore operators the chance to automate high-cost, error-prone tasks to avoid the effects of inconsistency and errors in analysis, improving efficiencies and safety.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
26 September 2018
02 October 2018
10 October 2018
21 September 2018
28 September 2018