Study Group: Crude Oil Pipeline Experts

GLG News^SM Analyses by this Study Group's Leading Experts(?)

Seismic While Drilling is Emerging as a Practical Tool to Reduce Drilling Cost

August 17, 2009

Analysis by:Fred Aminzadeh, Owner and Senior Advisor,

Analysis of:Seismic-while-drilling technology advance hailed | www.ogj.com

Nick Snow, Washington Editor of the Oil and Gas Journal reports of a breakthrough in practical implementation of the seismic while drilling technology. Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the DOE. SeismicPulser system provides more accurate geosteering for oil and gas discoveries, facilitating field development and improving well economics.

Seismic technology contributed to successful sub-salt drilling in the GOM

July 28, 2009

Analysis by:Fred Aminzadeh, Owner and Senior Advisor,

Analysis of:BP Heralds Gulf of Mexico Prospects | online.wsj.com

Oil and Gas Journal reported a successful appraisal well drilling by BP PLC. This well was drilled in a previously untested southern segment of Mad Dog field in the Gulf of Mexico. The 826-5 well was drilled on Green Canyon Block 826 about 100 miles south of Grand Isle, La. The well found 280 net ft of hydrocarbons in the objective Miocene hydrocarbon-bearing sands. In 2008, BP drilled the A-7 well in the western part of the field, with 275 ft of net pay.

Largest discovery in California in 34 years

July 24, 2009

Analysis by:Fred Aminzadeh, Owner and Senior Advisor,

Analysis of:Oxy adds California gas-condensate giant | www.pennenergy.com

HOUSTON, July 23 -- Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable. The discovery identified a new play concept that Oxy officials compared with an offshore deepwater structure. They said the concept is prospective underneath Oxy’s giant Elk Hills field southwest of Bakersfield and indicated it may be exploitable by other operators in the basin.

Alaska has been an LNG supplier since the 60's - What is new?

October 23, 2007

Analysis by:Bill Derrick, Director of Estimating,

Analysis of:Alaska can export LNG to Pacific Rim | today.reuters.com

Liquefaction and pipelines in Alaska address the local desires to keep revenues and jobs in Alaska. Building a pipeline to somewhere in the south, like Valdez is very possible. ROW (Rights of Way, pipeline corridor) are already permitted and mostly available, and the access is available. Knocking off 1,350 miles off the land pipeline will pay for the liquefaction facilities. Ships for transporting LNG should be available. Schedule for an all Alaska facility should be advantageous.

The "Free Rider " Syndrome

September 5, 2007

Analysis by:Eric Smith, Professor and Associate Director,

Analysis of:Idaho Transmission Dispute Settled | www.renewableenergyaccess.com

The issue of access to crucial transmission infrastructure is not limited to wind power. Much the same argument can be made about pipeline access for non-conventional natural gas developments in areas of the midwest or indeed for conventional forms of merchant power generation. Ask any merchant generator about his negotiations for access to any of the regional power grids and you will likely hear the same complaint. Namely, that the existing utility should cover the expense of requisite switch gear and reliability checks, plus pay a higher price for the power being supplied. The porblem is not new and the ultimate suolution is a motivated customer base.

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