We have had a great month here with OutPut but as always we like to share what our readers were more interested in during the month, so as every other month we will kick this one off with the oldest producing well in the world…
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Oldest Producing Oil Well in the World
August 16, 1861 – Oldest Producing Well
Drilled in Titusville, Pennsylvania, in 1861, the McClintock well is pumped a few times a year to supply oil for souvenir bottles sold at the Drake Well Museum.
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What would become the world’s oldest continuously producing oil well was completed in 1861 near Rouseville, Pennsylvania. The McClintock No. 1 well, reaching 620 feet deep into the Venango Third Sand, initially produced 50 barrels of oil a day. The well was drilled 14 miles from Titusville, where America’s first commercial oil discovery was made two years earlier.
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Its been 14 years since we lost a Hellfighter
Famed oilfield well control expert and firefighter Paul “Red†Adair died at age 89 in Houston August 7 2004. The son of a blacksmith, Adair was born in 1915 in Houston. He served with a U.S. Army bomb disposal unit during World War II.
Adair began his career working for Myron Macy Kinley, who patented a technology for using charges of high explosives to snuff out well fires. Kinley, whose father had been oil well shooter in California in the early 1900s, also mentored “Boots†Hansen and “Coots†Mathews (Boots & Coots), and other firefighters.
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Apache and KAAC to merge and form a $3.5 billion corporation
Apache Corp. will contribute its midstream assets at Alpine High to Altus Midstream LP, a partnership jointly owned by Apache and Kayne Anderson Acquisition Corp. (KAAC). At closing, KAAC will be renamed Altus Midstream Co., a C-corporation anchored by substantially all of Apache’s gathering, processing, and transportation assets at Alpine High in the Delaware basin.
“Alpine High contains more than 5,000 feet of vertical hydrocarbon bearing formations across approximately 340,000 contiguous net acres,†said John Christmann IV, chief executive officer and president of Apache.
Altus Midstream expects to have more than $900 million of cash and no debt at closing and is projected to be free-cash-flow positive by 2021, Freed said, giving the company “substantial borrowing capacity†to accommodate growth plans.
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Some Louisiana oil and gas history you may not know
The first Louisiana oil well discovered the giant Jennings oilfield in 1901 and launched the Pelican State’s petroleum industry. Almost a quarter million wells would be drilled by 2014.
Nine months after the 1901 headline-making oil discovery at Spindletop, Texas, oil erupted 90 miles to the east. W. Scott Heywood – already successful wildcatter at Spindletop – drilled a well that revealed the Jennings oilfield. His September 21 Louisiana gusher initially produced 7,000-barrels of oil a day.
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FAR heads into Gambia, first offshore well in 40 years
FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration program. Following reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR Gambia Ltd, a wholly owned subsidiary of FAR Limited, as Operator of the block A2 joint venture, has approved a Samo-1 well location.
The Samo Prospect lies immediately to the south and along trend from the giant SNE oil field in Senegal – a trend which has so far seen nine successful exploration and appraisal wells (at 100% success rate).
That’s it for this month, we will be back at the end of September for more of your top oil and gas posts, have a great month ahead!
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