Asia

Far East Energy Reports More Gas Production at Shouyang CBM Block

Block is in Shanxi Province.

Far East Energy
13/02/2014 12:50
Visualizações: 229 (0) (0) (0) (0)

 

Far East Energy Corporation, the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People’s Republic of China, reported Wednesday a continued rise in gas production from the Shouyang Block since the last release on Jan. 22.
Following its Jan. 22 announcement that gas production at Shouyang had reached 1,797,499 cubic feet per day (1,797 million cubic feet per day or MMcf/d) as of Jan. 20, management is now pleased to announce that, as of Feb. 11, production has reached 2,029,604 cubic feet per day (2,030 MMcf/d).
This is up 13 percent from the production figure released Jan. 22, and is almost three times higher than the 738 MMcf/d produced for the week ending Nov. 12, 2013.
Commenting, CEO Mike McElwrath said, "It is gratifying to have reached this milestone; and it is even more satisfying to realize that we are in a period of prolonged production increases. The 2013 drilling program was a great success and these numbers highlight its ongoing impact. Special credit to our field teams, who worked through the Chinese New Year period to ensure continued production growth."

Far East Energy Corporation, the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People’s Republic of China, reported Wednesday a continued rise in gas production from the Shouyang Block since the last release on Jan. 22.


Following its Jan. 22 announcement that gas production at Shouyang had reached 1,797,499 cubic feet per day (1,797 million cubic feet per day or MMcf/d) as of Jan. 20, management is now pleased to announce that, as of Feb. 11, production has reached 2,029,604 cubic feet per day (2,030 MMcf/d). This is up 13 percent from the production figure released Jan. 22, and is almost three times higher than the 738 MMcf/d produced for the week ending Nov. 12, 2013.


Commenting, CEO Mike McElwrath said, "It is gratifying to have reached this milestone; and it is even more satisfying to realize that we are in a period of prolonged production increases. The 2013 drilling program was a great success and these numbers highlight its ongoing impact. Special credit to our field teams, who worked through the Chinese New Year period to ensure continued production growth."

Most Read Today
see see
Results
Union oil production reaches 244 thousand barrels per da...
17/07/26
State of Ceará
Natural gas arrives in Cariri (CE) and strengthens econo...
16/07/26
Terminals
Vast announces contract extension with PETRONAS Brasil u...
15/07/26
International
War, oil and the dollar: how global fluctuations impact ...
13/07/26
ANP
Third-party access to natural gas flow pipelines and pro...
10/07/26
Agreement
ANP and Petrobras sign agreement to bring 335 offshore w...
07/07/26
Logistics
Vast Infraestrutura and Petrobras strengthen partnership...
07/07/26
IBP Positioning
Change of the instrument does not fix the illegalities o...
07/07/26
Energy Summit
Energy Summit 2026: Embrapii technologies strengthen Bra...
22/06/26
Energy Summit
Biodiesel and renewable fuels move to the center of the ...
22/06/26
Natural Gas
ANP extends public consultation on the calculation of th...
22/06/26
Rio de Janeiro
Firjan’s Oil Yearbook in Rio highlights that positive pr...
22/06/26
Biomethane
With a market five times larger since 2020, the biometha...
22/06/26
Petrobras
Petrobras approves investment in bio-jet fuel and renewa...
22/06/26
BOGE2026
Smart Control Gains Prominence at Bahia Oil & Gas Energy...
09/06/26
BOGE2026
Bahia Oil & Gas Energy Concludes Historic Edition and Se...
06/06/26
Branded Content
Boaventura Energy Complex drives Brazil’s energy future ...
06/06/26
BOGE2026
Mayekawa do Brasil present at Bahia Oil & Gas Energy
06/06/26
BOGE2026
Benel Marks Presence at Bahia Oil & Gas Energy and Annou...
02/06/26
BOGE2026
Bahiagás Highlights Bahia’s Leading Role in the Energy T...
30/05/26
Investments
Petrobras Announces Investments of More Than R$ 70 Billi...
30/05/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2