Industry
Highlight:
World
Oil's 2004 Awards
On October 14, winners of 2004's World Oil Awards were announced. This Awards
program, now in its third year, recognizes outstanding achievements and
innovations in the oil and gas industry. Calgary-based Encana won two
awards—"The Health, Safety, Environment/Sustainable Development Award" and "The
Best Cross Border Transaction Award." Don Hannegan, Weatherford, who is
involved in PTTC, won "The Innovative Thinker Award."
DOE
Highlight:
Major R&D Grants in Michigan, Pennsylvania and New Mexico
DOE announced major investments in R&D and Technology Development in three
states—Michigan, New Mexico and Pennsylvania—during October. Several awards
involve institutions that are also directly involved in PTTC's technology
transfer program.
- $4.3 Million in Grants to Michigan, strong focus on O&G
- $9.4 Million in Grants to Pennsylvania, supporting the hydrogen fuel
initiative
- $4.1 Million in Grants to New Mexico, strong focus on O&G
PTTC
Highlight:
Barnett Shale Online Resources
The Barnett Shale is one of the hottest domestic
natural gas plays in recent memory. Growth in the play has been very impressive,
from around 275 mmcfd in late 1999 to around 900 mmcfd today. Most of that
growth has come in the core areas of Denton, Tarrant and Wise counties. Activity
has expanded rapidly to surrounding counties. Operators are aggressively leasing
acreage across the non-core parts of the Barnett Shale. Recognizing the
importance and interest in this play, PTTC's Texas Region is building an online
information resource. Check it out, and come back often—content will continue
to build.
Presentations at IPAA Emerging Technology
Conference—Meeting Challenges in Finding and Producing Unconventional Natural
Gas, October 28, 2004.
Trivia
Question:
What "scientific" exploration technique led to discovery of the first oil well
in Crawford County, Illinois?
Trivia Answer:
According to legend,
location for the Shire #1, the first oil
well in Crawford County, Illinois, was determined by "where the empty bottle
fell." The industry must acknowledge that even some current day exploration
decisions are "influenced" by more than science. Source of Information: American
Oil and Gas Historical Society (www.aoghs.org).