Powerball is a producing conventional gas field located in shallow water in the US and is operated by Murphy Exploration & Production. 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 231 and South Timbalier 232, with water depth of 220 feet. Buy the profile here.
Field participation details
The field is owned by Murphy Oil and Walter Oil & Gas.
Production from Powerball
The Powerball conventional gas field recovered 32.37% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 0.60 thousand bpd of crude oil and condensate and 49.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070.
Remaining recoverable reserves
The field is expected to recover 44.11 Mmboe, comprised of 2.13 Mmbbl of crude oil & condensate and 251.86 bcf of natural gas reserves. Powerball conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
About Murphy Exploration & Production
Murphy Exploration & Production Company is engaged in in crude oil and natural gas exploration and production. it operates as subsidiary of Murphy Oil Corporation.
For more details on the Powerball 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.
