Replies to post #37298 on Treaty Energy Corp. (fka TECO)

[arstegall]

I am not sure if they have a pipeline hooked up yet so that they can put the nat gas into. It will be sold in a different way and to a different buyer than the oil. They can flare the gas for a while with permission from the mineral rights owner so that they can sell the oil that is selling for around $100 per barrel. Nat gas is only trading around $2.90 per 1000BTU and that may be a little off, that is what it was last time I checked. There is no way to bottle the gas and sell it. If they were to reduce the pressure of the gas there by cooling it you could recover some drip gas and sell some high grade condensate but it would not be enough to fool with. Depending on what pressure the gas pipeline flows at we can probably flow the gas without having to compress it which would cost money to buy and upkeep on a gas compressor. I would think that TECO is working on something to sell this gas. Mike M will probably know something as I am just guessing. As for my position, I am a Field Coordinator for a small independent oil and gas company out of New Orleans La. I make sure that the lead operators and the operators keep our wells flowing and we keep costs at a minimal to maximize revenue. I handle transportation, API 14C compliance(American Petroleum Institute), Monitor all morning reports, and I am the communication between the field and the office in New Orleans. We have 1 field that makes around 400bbls oil and 5,000mcf in gas, another field that makes 150bbls oil and 8,000mcf gas and the main field that makes 2900bbls oil and 39,000mcf in gas all per day. So I am responsible for around 3500bbls of oil per day and around 50,000mcf of gas per day. I do spend some time in conference with the engineers and upper management on what choke sizes and how much draw down a well needs to be set on. An engineer can see it on paper where a good operator can listen to a well and tell if she is flowing right.