During my company’s eight-year run as an operator in the Gulf of Mexico, we found and produced about one day’s worth of U.S. natural gas consumption and a few hours worth of oil production. That may not sound like much, but the economic activity of independent oil and gas companies sustains much of the Gulf Coast region and provides thousands of jobs. All that is | Read More »
In 2011, Gulf of Mexico oil production will under-perform the government’s pre-Macondo forecasts by 355,000 barrels per day — almost 130 million barrels for the year. In 2012, the shortfall rises to 550,000 barrels per day — 200 million barrels. That’s fully one-third of the Gulf’s oil producing capability, and over 10% of total domestic oil production. These are staggering numbers. Alaska, our #1 oil | Read More »
As many of you know, your humble correspondent is a veteran of 32 years of service in the oil and gas industry, currently serving as the operations manager for a small Gulf of Mexico exploration and production company. This week, the President’s Oil Spill Commission published its 380-page report on the BP blowout and spill on the Deepwater Horizon. I won’t pretend to have read | Read More »
Remember back when BP severed the riser, so they could install the cap, the one that finally controlled the spill? Here is a photo taken by an ROV just after the severing was completed. The photo shows the outer shell of the riser, at one time a 21-inch cylinder, collapsed like a Coke can by the severing tool. Inside the collapsed riser are what appear | Read More »
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