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December 3, 2021

Megalodon Conventional Gas Field, US

By Carmen

Megalodon is a producing conventional gas field located in shallow water in the US and is operated by Walter Oil & Gas. The field is located in block South Timbalier 311, with water depth of 440 feet.

Field participation details

The field is owned by Walter Oil & Gas, Apache, Fieldwood Energy, Talos Third Coast and Castex Energy 2014.


Production from Megalodon

The Megalodon conventional gas field recovered 23.47% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 3.68 thousand bpd of crude oil and condensate and 25 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054.


Remaining recoverable reserves

The field is expected to recover 29.45 Mmboe, comprised of 12.47 Mmbbl of crude oil & condensate and 101.91 bcf of natural gas reserves. Megalodon conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.


About Walter Oil & Gas

Walter Oil & Gas Corp (Walter Oil) is an oil and gas company. It explores and produces crude oil and natural gas on conventional Offshore. Its drilling exploration of ultra deep water asset SW Horseshoe produces crude oil and natural gas. Walter Oil owns and operates subsea oil wells in the Gulf of Mexico. The company offers offshore and marine forecasting for the oil and gas, and petrochemical industries. It uses the drilling and evaluation technology. Walter Oil is headquartered in Houston, Texas, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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