A
completion bond is the standard means to assure investors that a film will be completed and distributed even if it runs over budget.
Oil
completions increased nearly 2 percent in 1993, to 6,955 from 6,828 a year earlier, while the number of gas well
completions jumped by better than 43 percent, from 5,009 at year-end 1992 to 7,173.
Russell Porter, Gastar's President & CEO, stated, "The successful
completion of the middle Bossier zones in the John Parker #1 well and the expected
completion of the lower Bossier sands in the Wildman Trust #2 should significantly increase Gastar's net production and cash flow and position the Company for increased levels of drilling activity in the deep Bossier play as we bring on a third drilling rig in the 4th quarter.
Domestic oil well
completions, by contrast, dampened by soft crude prices, tailed off to 2,608 during the first six months of 1993, down 13.
5 million for this project in 2006, which will be used to fund the drilling and
completion of 24 Company operated and 24 non-operated horizontal wells, the installation of pipelines and related infrastructure, and the acquisition of additional leasehold.
4 percent during 1992, with PI counting 1,505 wildcat
completions through the end of the year compared to 1,859 the year before.
AMEX:GST) (TSX:YGA) is pleased to announce that it has finalized initial
completion operations on its two most recent wells in the Hilltop area of East Texas.
Drilling for natural gas fared only slightly better, with gas
completions in the first three quarters dropping 26 percent from a year ago, to 3,262 from 4,409.
At the close of June, PI counted 711 exploratory tests drilled in or near existing fields, down from the nation's 900 "other exploratory"
completions in the first half of 1991.
With 37 locations in North America, the company offers a full range of fixed base operations; maintenance, repair and overhaul; aircraft charter, sales and management; and large aircraft
completions.
Drilling for natural gas declined as well, although not as steeply, with the first quarter's 649 gas
completions marking a 17.
Early in the development planning, BP identified SmartWell
completions as an important enabling technology for the Greater Plutonio project to optimise reservoir waterflood management.
