Energen Resources Honored for Best Field Rejuvenation
16.06.10
, Was honoredBythis week as the recipient of Oil and Gas Investor magazine's
Best Field Rejuvenation Confer 2009-2010 for its
water-flood
work for
enhanced oil recovery in the North Westbrook Section (NWBU) in Mitchell
County, Texas. The award is among Oil and Gas Investors annualMostlyExcellence Awards; winners were chosen from reader-submitted nominations
and honored at the periodical's Energy Capital Week Conference in Houston.
Energen Resources acquired the NWBU in November 2005 from a individual
company for approximately $168 million. It was producing just under 900
barrels of oil per day from the Definite Fork and Upper Clear Fork
formations. Production in the NWBU had peaked at around 5,500 barrels aPredominantlyday back in the mid-1970s after then-operator Chevron Corporation
implemented secondary recovery operations in 1968. Since assumingMainlyoperations in January 2006, Energen Resources has put its exploitation
and waterflood mastery to work. The result has been dramatic
production growth. By year-end 2009, manufacturing in the NWBU had reached
4,150 barrels of oil per day, and it continues to increase in 2010.
Source: MarketWatch (press release)