It's a big deal that in a state where oil and gas lobbyists have historically called the shots, state representatives dismissed the opposition of industry associations by voting to raise the initial gross production rate
from 2 to 5 percent.
The gross production rate
from the Oyong and Wortel fields is about 90 MCF/d.
It paid $2.8 billion in taxes and royalties on a gross production rate
of 477,000 barrels of oil equivalent, a net production rate of 142,000 barrels of oil equivalent.
The Meridian SeamGas gas field achieved a gross production rate
high during May of approximately 14.5 TJ/d before excluding fuel gas consumed by operations, while daily gas sales reached a high of 13.3 TJ/d, including approximately 0.5 TJ/d of third party gas.
M2 EQUITYBITES-November 16, 2011-US Energy Corp achieves initial gross production rate
of 1,660 BOE/D from the Koufax 3-10 number one H well(C)2011 M2 COMMUNICATIONS http://www.m2.com
On the Komombo Concession in Upper Egypt, Dana Gas along with 50 per cent joint operator Sea Dragon Energy Inc, has produced oil during the year at an average gross production rate
of 620 bopd and is currently producing at approximately 800 bopd.
The El Badr-3 and the Cherouq-2 wells, located in the Cherouq Concession, and the Mona-1 well, located in the Anaguid Exploration Permit, were drilled in conjunction with Pioneer's joint venture partner ETAP and tested at a combined initial gross production rate
of approximately 10 thousand barrels oil equivalent per day (mboepd) from the Silurian sandstone intervals.
The new wells had earlier been on natural flow at a total combined gross production rate
of 500 barrels of oil per day.
Cory Williams, D-Stillwater, said although he was concerned about the low increase in the gross production rate
, he appreciated the governor's dedication to criminal justice reform.
In 2010, the company's gross production rate
from these fields was approximately 520,000 barrels of oil equivalent (BOE) per day; net production equaled approximately 166,000 BOE a day.
The Cherouq Concession's El Badr-3 and Cherouq-2 wells and the Mona-1 well in the Anaguid Exploration Permit were drilled together with ETAP, Pioneer's joint venture partner, and tested at a combined initial gross production rate
of about 10,000 barrels oil equivalent per day from the Silurian sandstone intervals.