Bay St Elaine - Hilcorp

Bay St Elaine - Hilcorp Oil and Gas Asset Profile

Location

The Bay St Elaine - Hilcorp Oil and Gas Asset is located in Louisiana, United States, specifically within the Western Gulf Basin. The exact coordinates are 29.1688, -90.6531 (WGS 84).

Operator and Ownership

The asset is operated by Hilcorp Energy. While the specific ownership details are not provided, it is managed by Hilcorp Energy as part of their extensive portfolio of oil and gas assets.

History

The Bay St Elaine field was discovered in 1929, making it one of the older oil and gas fields in the region. However, the exact year of the Field Development Decision (FID) and the production start year are not specified in the available data.

Production

As of the latest available data, here are the production figures for the Bay St Elaine - Hilcorp Oil and Gas Asset:

• Condensate Production: 0.04 million barrels per year (2020).
• Gas Production: 15.95 million cubic meters per year (2020) and 13.3 million cubic meters per year (2022).
• Oil Production: 0.09 million barrels per year (2020) and 0.12 million barrels per year (2022).

Status

The asset is currently operating, with ongoing production activities managed by Hilcorp Energy.

Environmental and Regulatory Context

While the specific data on the Bay St Elaine asset does not detail environmental incidents or regulatory issues, it is worth noting that Hilcorp has faced various environmental and regulatory challenges in other regions. For example, in Alaska and Louisiana, the company has been involved in controversies related to environmental violations, including illegal dredging practices and methane leaks.

Operational Overview

The asset is part of Hilcorp's broader operations in Louisiana, which involve managing and producing oil and gas from various fields. Hilcorp is known for its extensive experience in operating mature fields and enhancing production through efficient management and technological advancements.

Additional Context

• Hilcorp's Broader Operations: Hilcorp is one of the largest privately owned oil and natural gas producers in the United States, operating in multiple states including Alabama, Alaska, Colorado, Louisiana, New Mexico, Ohio, Pennsylvania, Texas, and Wyoming.
• Company Reputation: Hilcorp's operations have been marked by both significant production achievements and environmental concerns. The company's approach to resource extraction and its compliance with regulatory standards have been subjects of scrutiny in various regions.