Coastal subsidiaries boost oil and gas production ninefold in Jeffress field area.HOUSTON--(BUSINESS WIRE)--Jan. 22, 1997--The Coastal Corporation announced today that its exploration and production subsidiaries during 1996 drilled significant field extension wells in the Jeffress area of Hidalgo County, Texas Hidalgo County is a county located in the U.S. state of Texas. In 2000, its population was 569,463; in 2006, the U.S. Census Bureau estimated its population to have reached 700,634. , which increased the company's daily production levels in the area from a net of 20 million cubic feet of gas per day to 180 million cubic feet per day, a ninefold ninefold Adjective 1. having nine times as many or as much 2. having nine parts Adverb by nine times as much or as many Adj. 1. increase. Production of condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. increased from 480 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. to 2,100 barrels per day. Coastal drilled a total of 14 wells in the area during 1996, all successfully completed as producing wells in the Vicksburg formation. Coastal is currently running three rigs in the area and plans to continue developmental drilling throughout 1997. The company announced today that among the more notable wells drilled during 1996, Coastal owns a 100 percent working interest in the Boren No. 1, No. 2, and No. 3 Wells, all of which were completed in the "W" sand. The Boren No. 1 Well was drilled to a total depth of 14,750 feet, had 295 feet of net pay and tested at a rate of 23 million cubic feet of gas and 200 barrels of condensate per day with a flowing tubing pressure of 8,265 pounds per square inch Noun 1. pounds per square inch - a unit of pressure psi pressure unit - a unit measuring force per unit area . The Boren No. 2 Well was drilled to a total depth of 14,100 feet and tested at a rate of 40 million cubic feet of gas and 260 barrels of condensate per day with a flowing tubing pressure of 7,020 pounds per square inch. The well has 369 feet of net pay. The Boren No. 3 Well was drilled to a total depth of 13,307 feet and tested at a rate of 36 million cubic feet of gas and 182 barrels of condensate per day with a flowing tubing pressure of 6,383 pounds per square inch. There were 265 feet of net pay in the well. Coastal also drilled the Coates "B-4" Well, in which it owns a 78.8 percent working interest, to a total depth of 13,720 feet. The well had 333 net feet of pay and tested at a rate of 40 million cubic feet of gas and 269 barrels of condensate per day with a flowing tubing pressure of 7,482 pounds per square inch. Coastal has varying interests in approximately 1,000 undeveloped acres in the immediate area of these wells and anticipates drilling several locations offsetting the wells in 1997. The Jeffress area is located approximately 15 miles northwest of McAllen, Texas. The Coastal Corporation (NYSE NYSE See: New York Stock Exchange :CGP CGP CommuniGate Pro (messaging e-mail server) CGP Certified Group Psychotherapist CGP Controlled Goods Program (Canadian) CGP Certified Geriatric Pharmacist (pharmacist certification) ) is a Houston-based energy holding company with consolidated assets of more than $10 billion and subsidiary operations in natural gas marketing, transmission, storage, gathering, and processing; petroleum refining and marketing; oil and gas exploration and production; chemicals; power production; and coal. CONTACT: Coastal Corporation, Houston Steve Eames, 713/877-6733 Brian Mitchell Brian Mitchell may refer to:
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