Caillou Island - Hilcorp

Profile for Caillou Island - Hilcorp Oil and Gas Asset

Location

The Caillou Island - Hilcorp Oil and Gas Asset is located in the Western Gulf Basin, specifically in Louisiana, United States. The exact coordinates are 29.1016, -90.5028 (WGS 84).

Operator and Ownership

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

History and Discovery

The Caillou Island field was discovered in 1930, making it one of the older oil and gas fields in the region. Despite its age, Hilcorp has continued to operate and develop the asset.

Production Details

As of recent data, here are the production figures for the Caillou Island - Hilcorp Oil and Gas Asset:

• Oil Production:

  • 0.85 million barrels per year (2020)
  • 0.96 million barrels per year (2022)

• Gas Production:

  • 85.57 million cubic meters per year (2020)
  • 126.15 million cubic meters per year (2022)

• Condensate Production:

  • 0.08 million barrels per year (2020)

These figures indicate that the asset remains a significant producer of both oil and natural gas.

Environmental and Operational Concerns

While Hilcorp emphasizes its commitment to efficient and environmentally responsible operations, there have been incidents of oil spills associated with their operations in Louisiana. For example, in 2016, there were several spills, including one from the Caillou Island Tank Battery that released about 12,600 gallons of oil, with most of it contained in a recovery system. However, these incidents highlight the need for continuous monitoring and improvement in maintenance and operational practices.

Operational Approach

Hilcorp's approach to operating legacy assets like Caillou Island involves efficient energy production, reduction of emissions, and minimizing environmental impact. They focus on eliminating unneeded infrastructure, modernizing and optimizing systems and equipment, and limiting disturbances to the environment. This approach is part of their broader strategy to revitalize mature and often overlooked properties, making them more productive and sustainable.

Regulatory and Community Impact

Hilcorp adheres to all state and federal regulations and obtains necessary permits for their operations. However, the company has faced criticism and regulatory scrutiny due to past incidents of oil spills and environmental violations. Despite this, Hilcorp maintains that their investments contribute to Louisiana's energy development and the local economy.

In summary, the Caillou Island - Hilcorp Oil and Gas Asset is a long-standing oil and gas operation in Louisiana, managed by Hilcorp Energy. The asset continues to produce significant amounts of oil and gas, but its operations have also been subject to environmental concerns and regulatory scrutiny.