Gas to Power Operations Boost Production at Pathfinder Field
Background
The gas to power operations at the Pathfinder #2 well have been a game-changer for the oil production in the Pathfinder Field. With an impressive output of 20 barrels of oil per day (BOPD) and 280 thousand cubic feet per day (mcf/day) of gas over the first 7 days, the total field production has soared to approximately 50 BOPD. This increase in production has not only met but exceeded expectations, with further upside anticipated in the future.
Recent Developments
The Amerigo Vespucci well is now flowing gas to generators, enabling reservoir equalisation. This move is significant as it marks the first-ever oil production expected this week when the well goes on a pump. In addition, the Pathfinder #1 well is set to be completed for oil and gas production in the coming weeks, with the Greenhorn formation already fracked and tested previously, yielding impressive results during flowback testing.
Future Prospects
Additional gas from the Pathfinder #1 well will soon be tied in for extra gas to power generation, and the well will be fitted with a production string and pump jack in the coming weeks. The Pathfinder Field is known for delivering multiple stacked producible pay zones, with Pathfinder #1 intersecting the Pierre, Niobrara, and Greenhorn reservoirs. This promises increased Proven Developed Producing and Probable Reserves in the near future.
Bitcoin Mining Operations
Bitcoin mining operations at the Pathfinder Field, powered by AXP’s gas-to-power infrastructure under the Joint Development Agreement (JDA) with US-based Blackhart Technologies Limited, have been meeting expectations. The uptime and reliability achieved in the first full week of operations have been pleasing, setting critical benchmarks for planned scale-up.
Impact on Individuals
As a consumer, the increased oil production resulting from the gas to power operations at Pathfinder Field could potentially lead to stabilized or reduced fuel prices in the market. This could result in savings for individuals and businesses that rely on oil for their day-to-day operations.
Global Impact
The use of gas to power operations in oil production not only benefits individuals but also has a positive impact on the environment. By utilizing gas to generate power, operators can reduce their carbon footprint and contribute to global efforts in combating climate change. Additionally, the increased production of oil and gas can have a positive effect on the global energy market, potentially stabilizing prices and ensuring a steady supply of these essential resources.
Conclusion
In conclusion, the gas to power operations at Pathfinder Field have proven to be a successful venture, leading to increased oil production and promising future prospects. With the integration of Bitcoin mining operations and a focus on sustainability, this innovative approach is not only benefiting individuals but also making a positive impact on a global scale.
