Exploration & Production | Top Story
Energen's West Texas Ops Slammed by Ice Storm
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Energen Corporation has reported that severe winter weather in West Texas that began November 23, 2013, has negatively affected its Permian Basin operations.
The magnitude of this unanticipated weather event could result in Energen's 2013 production falling below the Company's guidance range of 23.4-23.8 MMBOE.
While all areas in the Permian Basin were affected to some degree, the Company's Midland Basin operations took the brunt of the ice storm's immediate impacts, including widespread power outages, trucking curtailments (water and oil), limited access to production and drilling facilities, and frozen facilities. Roads are now clear and rigs are back working, but power has not yet been restored to all producing areas.
In addition, it may be several weeks before the more indirect…
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