Mobil Announces Natural Gas Discovery in South Texas.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va.--(BUSINESS WIRE)--June 29, 1998-- New Ponciano Ruiz Ruiz refers to:
17 Million Cubic Feet Per Day Mobil Corp. announced Monday Monday: see week. that its domestic exploration and production company, Mobil Exploration & Producing U.S. Inc. (MEPUS MEPUS Mobil Exploration & Producing United States ), has confirmed a new natural gas field discovery in South Texas. The new Ponciano Ruiz No. 1 Well, located in the Rich Hurt Field in western Duval County Duval County may mean:
See Wilcox (surname) Other
The new field production represents the first discovery as a result of a previously announced strategic exploitation and development drilling alliance formed with J.M. Huber Corp. and Quisto Ventures, L.C. in January of this year. Jointly, the alliance controls more than 27,000 acres in the Upper Wilcox Trend, and is currently drilling an inventory of high-quality prospects. Mobil, as operator, holds a 45.375 percent interest in the Rich Hurt Field. J.M. Huber Corp. and Quisto Ventures hold 37.125 percent and 17.5 percent interests respectively. The streaming of the new well brings Mobil's South Texas net working interest production to approximately 95 MMCFD, which is even with 1997 levels. Mobil operates 330 wells in eight counties in South Texas. "These newly streamed volumes are indicative of our overall efforts to maintain production at current levels in our U.S. E&P business, while improving financial performance," said J. Michael Yeager, president and general manager of MEPUS. "In order to have the potential to add new production volumes, it's important to be in the right places. We believe the South Texas Wilcox Trend is an area we know well and offers the potential for further additions to our South Texas business." Production from the Ponciano Ruiz No. 1 well is being marketed by Duke Energy Trading and Marketing, L.L.C., a joint venture between Mobil and Duke Energy. For more news and information about Mobil, please see us on the World Wide Web at www.mobil.com/news. CONTACT: Len D'Eramo - Dallas, 214/951-2774 Bill Cummings Bill Cummings (November 11, 1906 Indianapolis, Indiana – February 8, 1939 Indianapolis, Indiana) won the 1934 Indianapolis 500. Indy 500 results Year Car Start Qual Rank Finish Laps Led Retired 1930 6 22 106.173 4 5 200 0 Running 1931 3 2 112. - Fairfax, 703/846-3110 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion