Saturday, September 10, 2011

BP Tuscaloosa Asset Sale

Many rumors were flying in "Tuscaloosaville" this week indicating that BP closed a deal with Hilcorp to sell all of their Tuscaloosa Trend assets.  This has not been confirmed by a press release from either company.  Hilcorp is a major player in Louisiana, so it makes sense.  Current daily gas for BP's operated wells totalled 47.6 mmcfgd in May, 2011 (Source: DrillingInfo).

Amoco and BP did a thorough job developing the fields on the west side of the Mississippi River and at Port Hudson.  The exploratory potential will likely be within the Tigerland 3D covering Comite and Lockhart Crossing Fields.  In addition, Hilcorp might pursue the Austin Chalk across the HBP acreage.

BP Tuscaloosa Assets

No comments:

Post a Comment