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Production from Kansas oil fields comes up short

…many energy companies are scaling back and in some cases even giving up. Shell Oil, which leased 600,000 acres for exploration and development, announced in September it was leaving the state because production from its initial wells didn’t meet its target.

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By STEVE EVERLY: The Kansas City Star: October 22

The bloom is off those once rosy predictions for Kansas oil production.

Optimistic energy companies invested more than $1 billion in the state over the last couple of years, hoping that new methods and technology would help them recover gushers of oil and natural gas from underground rock.

But that’s turning out to be more difficult than expected. Production, though ample from some wells, has been less overall than hoped.

As a result, many energy companies are scaling back and in some cases even giving up.

Shell Oil, which leased 600,000 acres for exploration and development, announced in September it was leaving the state because production from its initial wells didn’t meet its target.

The oil companies aren’t providing many details, for competitive reasons. Scott Scheffler, a spokesman for Shell, said the company decided in May to change its pace in the state, and it suspended its drilling in June. A review of the 43 exploratory wells then led to the decision to sell its assets in the state and use the company’s resources elsewhere.

FULL ARTICLE

Read more here: http://www.kansascity.com/2013/10/22/4570500/kansas-oil-fields-come-up-The oil companies aren’t providing many details, for competitive reasons. Scott Scheffler, a spokesman for Shell, said the company decided in May to change its pace in the state, and it suspended its drilling in June. A review of the 43 exploratory wells then led to the decision to sell its assets in the state and use the company’s resources elsewhere.Shell built a business in Kansas that could be a better fit with another company, he said.

Read more here: http://www.kansascity.com/2013/10/22/4570500/kansas-oil-fields-come-up-short.html#storylink=cpy

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