Tesla Exploration buys Hawk channels

Tesla Exploration buys Hawk channels

houston

INOVA Geophysical today announced that Tesla Exploration Ltd. purchased 10,000 three- channel stations of its cableless Hawk autonomous nodal system. The initial shipment of 18,000 channels is being immediately deployed to a project in the Marcellus Shale of West Virginia, and the balance of 12,000 channels was delivered to Tesla by June 15. Hawk provides Tesla’s crews with better productivity, system flexibility and safety advantages in geographies that are more developed, environmentally sensitive and present challenging terrains.

Hawk is unique to other nodes in the industry because it supports both three-channel analog geophones and VectorSeis multicomponent digital sensors with the same field station electronics for better characterization in unconventional plays.

The node’s rugged exterior, which is built from lightweight, high-grade aluminum, is made to maximize durability and also is a key difference compared to its competitors. Hawk’s transcription time is three times faster or more, depending on total volume of production, compared to other nodal systems in the market today. And crews also have the benefit of advanced drive-by QC features via Wi-Fi link.

Tesla Exploration acquires seismic data for the oil- and gas-exploration industry across diverse regions of North America and worldwide.

David Buttle, president of Tesla Exploration Inc. (Tesla US subsidiary) said, “We look for equipment that allows our crews to operate efficiently and safely in any environment, so we were impressed with Hawk’s ability to download data quickly without a lot of infrastructure. In February of this year, INOVA performed a side-by-side comparison of the Hawk system deployed next to their cableless recording system using analog and VectorSeis multicomponent sensors. From this test, we were able to evaluate and witness productive output of high-quality data acquisition from the Hawk system. We look forward to using the Hawk autonomous-node system in our upcoming acquisition projects and believe the system’s operational flexibility will be a tremendous asset to our equipment portfolio.”

Chesapeake announces Hogshooter discovery

oklahoma city

Chesapeake Energy Corporation announced a significant new discovery in the Hogshooter play in the Anadarko Basin of the Texas Panhandle and western Oklahoma. Chesapeake owns about 30,000 net acres in the play, which is more than 90 percent held by production from its legacy deeper Granite Wash production.

Chesapeake has completed two horizontal wells in the Hogshooter formation to date.

The Thurman Horn 406H was drilled more than five miles from established Hogshooter production, but in a section of land where three wells already had been drilled to other formations.

During its first eight days of stabilized production, the well averaged daily production of 5,400 barrels of oil, 1,200 barrels of natural-gas liquids and 4.6 million cubic feet of natural gas per day.

Total cumulative production, which includes five days of flowback testing, is 68,400 barrels of oil equivalent. Current daily production is about 7,000 barrels of oil equivalent.

The Meek 41 9H well averaged daily production of 1,300 barrels of oil, 365 barrels of natural-gas liquids and 1.4 million cubic feet of natural gas, or about 1,900 barrels of oil equivalent per day. Total cumulative production, which includes five days of flowback testing, is 53,500 barrels of oil equivalent. Current daily production is about 1,400 barrels of oil equivalent. These results all occurred within the wells’ first 27 days of production.

In addition to the wells mentioned above, Chesapeake has drilled two Hogshooter wells that are waiting on completion. The company’s average working interest in the four wells is about 88 percent.

The company estimates its acreage position contains at least 65 more Chesapeake-operated Hogshooter locations to drill during the next few years.

The drilling and completion of these 65 wells will be a part of the company’s already budgeted Anadarko Basin drilling program and should result in no increase to the company’s budgeted capital expenditures.

BP to pursue sale

BP announced it has received unsolicited indications of interest regarding the potential acquisition of its shareholding in TNK-BP.

In light of these unsolicited approaches and consistent with its commitment to maximizing shareholder value, and its obligations under the Shareholder Agreement, BP has notified Alfa Access Renova of its intention to pursue a potential sale.

There can be no guarantee that any transaction will take place.