Megalodon is a producing conventional gas field located in shallow water in the US and is operated by Walter Oil & Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block South Timbalier 311, with water depth of 440 feet. Buy the profile here.
Field participation details
The field is owned by Apache, Castex Energy 2014, Fieldwood Energy, Talos Third Coast and Walter Oil & Gas.
Production from Megalodon
The Megalodon conventional gas field recovered 42.80% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 3.62 thousand bpd of crude oil and condensate and 23.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047.
Remaining recoverable reserves
The field is expected to recover 17.85 Mmboe, comprised of 8.15 Mmbbl of crude oil & condensate and 58.16 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.
For more details on the Megalodon Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
