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SIPES Luncheon: March 15, 2018

March 15, 2018 @ 11:30 am - 1:00 pm CDT

$35 – $45
WPA workers excavating Paluxy River trackway. Photo by R.T. Bird from the collection of Wann Langston.
Image: WPA workers excavating Paluxy River trackway. Photo by R.T. Bird from the collection of Wann Langston.

The Paluxy Oil Trend of Southwest Texas

Abstract

The Paluxy (Lower Cretaceous) of SW Texas is an emerging shallow oil resource play covering approximately 1500 sections in Edwards and Val Verde Counties, Texas. The depths range between 220′ and 600′ (dd). There have been +60,000 acres leased or optioned by a handful of small independents in the last four years. PNP Operating Company has been engaged in the play for six years, has drilled 32 new wells and currently operates five (5) steam injection wells. There are multiple sand and dolomite oil reservoirs within the Paluxy series, with OOIP as high as 1850 barrels per acre foot. The oil is generally viscous, ranging from 300 to 1100 cP. The reservoirs are under pressured and the oil contains no solution gas, making EOR necessary. Presently, operators are using a variety of EOR methods to include water flood, conventional steam flood, downhole generated steam injection, fire flood and SWEPT technology. 
The occurrence of oil productive Paluxy reservoirs is widespread within the play, however there are geological challenges and well as EOR challenges. Presently the Paluxy is a hotbed for the application of new technologies.
Unlike the deeper Paleozoic plays of the Permian, the Paluxy trend acreage is largely unleased and acreage prices have not yet risen to typical resource play bonus and royalty terms. The combination of low entry costs, low drilling costs and high reserves make the Paluxy an attractive play for an era of diminished opportunity for independents. 

About Our Speaker

Scott Pope is a geologist and owner of PNP Operating Company. Scott has 38 years’ experience in the oil business as a geologist and project manager in the Texas Gulf Coast, Tunisia, India, Yemen and Australia.

PNP Operating Company was formed in 2013 for the purpose of operating in shallow oil environments requiring TEOR. PNP currently operates three (3) steam injection units in the shallow Paluxy Formation of Edwards County, Texas.

Details

Date:
March 15, 2018
Time:
11:30 am - 1:00 pm CDT
Cost:
$35 – $45
Event Category:
Event Tags:
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Organizer

BK Buongiorno
Phone:
(713) 651-1639
Email:
bk@sipeshouston.org

Venue

Petroleum Club of Houston
1201 Louisiana Street, 35th Floor
Houston, TX 77002 United States
+ Google Map
Phone:
713-659-1431
View Venue Website