BP finds success in US natural gas well test

By Jonathan Dyble
BP announced the discovery of what it has called a “significant source of US natural gas supply” following successful well tests in Mancos Shale...

BP announced the discovery of what it has called a “significant source of US natural gas supply” following successful well tests in Mancos Shale, New Mexico.

The company bought assets in Mancos at a time when there were no gas rigs operating in the region back in 2015.

"Everyone is trying to find another play," said James Sullivan, analyst at equity research firm Alembic Global Advisors, as more drillers move to less popular regions with acquisition costs in proven fields rising.

See Also:

The newly discovered Mancos Shale Well has averaged 12.9mn cubic feet per day in the first month reports state, the highest output in the region for 14 years.

Dave Lawler, Chief Executive Officer of BP’s US onshore oil and natural gas stated that the find “gives us confidence to pursue additional development of the Mancos Shale, which we believe could become one of the leading shale plays in the US.”

The find adds to BP’s existing resource base of six million acres of acquired land, producing around 300,000 barrels of oil per day in total.

Share

Featured Articles

Honeywell debunks hydrogen energy and its global challenges

Maya Gomez, Director of Green H2 CCM at Honeywell, uncovers the different types of hydrogen and the challenges of applying them for more sustainable energy

ABB Motion & WindESCo partner to strengthen wind energy

ABB Motion invests in WindESCo to sustain wind turbine performance, in a renewable energy drive that will help ABB in its net zero ambitions

Shell Energy UK and Germany acquired by Octopus Energy

Octopus delivers industry leading service whilst investing in clean energy systems — we will deliver this to the new customers too, says CEO Greg Jackson

Sustainability LIVE links to energy and electrification

Sustainability

Green energy: A hot topic at Sustainability LIVE 2023

Sustainability

Sustainability LIVE London sells out on 2023 conference

Sustainability