Our Operator has been performing workovers on the wells listed below. Many of the pumps were damaged and covered with scale, or had sand scars on the barrel. As a result of these workovers, all wells have seen an increase in production. Crown Cleveland #21 Joint Venture Crown Cleveland #27 Joint Venture Crown Cleveland #28 … Continue reading “From the Field”
Crown Niobrara #1 Joint Venture The production decrease is due to low nighttime and high afternoon temperatures causing compressor issues: OIL CUT 33%. We have recovered 81,364± BW to date, which is approximately 28% load recovery. When the compressor works at full efficiency, the total fluid increases as does oil production. Our Operator anticipates 400± … Continue reading “From the Field”
July 11, 2008 – World Oil Price hits Historic High The price of oil reached a record high of $147.27 a barrel before dropping back to $145.08. Prices on the New York Mercantile Exchange had peaked at $145.29 a barrel eight days earlier. As supply fears subsided, oil prices fell below $37 a barrel by … Continue reading “This Week in Oil & Gas History”
January 12, 1926 – Texans patent Ram-Type Blowout Preventer Seeking to end dangerous and wasteful oil gushers, James Abercrombie and Harry Cameron received a patent for a hydraulic ram-type blowout preventer. Petroleum companies embraced the new technology, which the inventors improved in the 1930s. Their concept used rams — hydrostatic pistons — to close on the … Continue reading “This Week in Oil & Gas History”
December 17, 1884 – Fighting Oilfield Fires with Cannons “Oil fires, like battles, are fought by artillery” proclaimed an article in The Tech, a student newspaper of the Massachusetts Institute of Technology. “A Thunder-Storm in the Oil Country” featured the reporter’s firsthand account of the problem of lightning strikes in America’s oilfields. The MIT article … Continue reading “This Week in Oil & Gas History”
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