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06:55 EDTEP
theflyonthewall.com: El Paso signs microseismic monitoring program contract with MicroSeismic
MicroSeismic announced that it has been awarded a contract for a Buried Array microseismic monitoring program in the Haynesville Shale by the El Paso Corp.. The El Paso Corp. owns North America's largest interstate natural gas pipeline system and is one of North America's largest independent natural gas producers. MSI will install the Buried Array, it’s sixth in the Haynesville Shale play this year, to provide microseismic monitoring, mapping and analysis for hydraulic fracturing for El Paso’s field development program. This will enable them to monitor the primary, secondary and tertiary activity, in a variety of reservoir conditions, for their Haynesville wells during the next few years. :theflyonthewall.com



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February 2, 2010
08:38 EDTEP
theflyonthewall.com: El Paso reports 44% increase in risked unproved resources
El Paso Corp reported that as of December 31, 2009, it had 5.1 trillion cubic feet equivalent (Tcfe) of estimated total risked unproved resources , or 8.9 Tcfe unrisked, in addition to its 2.75 Tcfe of proved natural gas and oil reserves. The company's risked total unproved resources rose approximately 1.6 Tcfe, or 44 percent, from year-end 2008 levels. The majority of the increase was due to the addition of extensive drilling opportunities in the Haynesville Shale and Eagle Ford Shale programs. Unproved resources and proved reserves include the company's proportionate share of Four Star Oil & Gas company and represent the company's net interest. :theflyonthewall.com