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December 6, 2021updated 27 Apr 2022 12:25pm

Powerball Conventional Gas Field, US

By Carmen

Powerball is a producing conventional gas field located in shallow water in the US and is operated by Murphy Exploration & Production. The field is located in block South Timbalier 231 and South Timbalier 232, with water depth of 220 feet.

Field participation details

The field is owned by Walter Oil & Gas and Murphy Oil.


Production from Powerball

The Powerball conventional gas field recovered 50.42% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 0.81 thousand bpd of crude oil and condensate and 43 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.


Remaining recoverable reserves

The field is expected to recover 17.94 Mmboe, comprised of 2.12 Mmbbl of crude oil & condensate and 94.9 bcf of natural gas reserves. Powerball conventional gas field reserves accounts 0.01% 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.

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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