Energy Biz - March/April 2008 - (Page 17) Many of those deepwater developments will produce substantial amounts of natural gas along with the oil, but nothing in the range of Independence Hub’s production, he said. Guion and others involved with Independence Hub say there is plenty of undiscovered natural gas, especially in the eastern Gulf of Mexico. Two trillion cubic feet of gas reserves have been estimated to be within a 50-mile radius of Independence Hub, he said. And several leases in the most recent Minerals Management Service offshore lease sale were within the hub’s radius, he said. “This is a very prolific gas area,” Guion said. As production in the existing 10 fields declines, more wells will be brought online. After five years, Enterprise has the right to bring more producers to the hub. He and Ray Cordova, deepwater platforms manager at Enterprise, laughed at the continuing predictions that there’s no future for natural gas in the Gulf. Just five years ago, for instance, the Minerals Management Service couldn’t have predicted that it would add an additional 10 percent to natural gas reserves as they have, he said. “We all have our own opinions,” Guion said. “But there is an awful lot of oil and gas in the Gulf.” Build Success. Start with a solid foundation. To prepare your workforce for the challenging and dynamic gas and electricity marketplace, start with the basics. Our energy business acumen curriculum will help your employees succeed from day one. And we can deliver it in just about any medium you can imagine. Success doesn’t just happen, it’s built. Seminars. Books. Online. Visit www.enerdynamics.com to view our growing energy business curriculum. Or call 866-765-5432 to launch a customized training program today. www.energycentral.com E n E rgyB i z 17 http://www.enerdynamics.com http://www.enerdynamics.com http://www.energycentral.com
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.