Starting with Nothing and Ending Up with Something
First Drill Well2000
First Drill Well
Arena tested our first discovery well in January 2000, just six months after our initial start-up. The prospect was a relatively inexpensive shallow gas test that was generated by Arena through a 3D seismic-based field study. This prospect was operated by industry partner Hall-Houston. After the discovery, a platform was installed and a second well was drilled. The cumulative production for the project exceeded 13 BCF.
WC 639/648 Drill Program2001
WC 639/648 Drill Program
After acquiring WC 639/648 from Kerr McGee and completing an integrated field study utilizing reprocessed PSTM 3D seismic data, Arena executed a four well drilling program through the year 2001 and followed up with one more well in 2002. The wells were successful Pleistocene gas producers which lead to the field producing 38 MMCFD, the field’s highest rate since 1994.
HI A521 Drilling Program2001
HI A521 Drilling Program
Force Energy Drill Program2001
Force Energy Drill Program
AOP I Formed2002
AOP I Formed
Apache Drill Program2002
Apache Drill Program
Under a block evaluation agreement, Arena performed a field study of this 50-year-old property, resulting in the drilling of two successful wells which were tied back to existing field infrastructure.
Wells Fargo Credit Facility2002
Wells Fargo Credit Facility
Arena Offshore First Operated Drill Well2002
Arena Offshore First Operated Drill Well
Arena acquired MI 587 from Anadarko and Kerr-McGee. Shortly thereafter, Arena brought a rig to the field, worked over three wells, and drilled the MI 587 A-2 ST—our first operated drilling prospect. The four wells combined for a 15 MMCFD production rate and produced 15 BCF from Miocene-aged "Rob L” and "Rob M" sands.
Noble Block Evaluation Agreement2003
Noble Block Evaluation Agreement
Arena entered into a block evaluation agreement with Noble Energy. A detailed 3D evaluation was performed on this multi-block field, which led to the drilling of several wells and one recompletion.
BP Block Evaluation / C-11 ST3 Drill Well2003
BP Block Evaluation / C-11 ST3 Drill Well
This South Timbalier area field redevelopment began with a farm-out to drill one prospect that was identified by the field owner. Arena subsequently performed a full field study that resulted in the acquisition of the block and the drilling of five additional wells from the existing platforms. Cumulative production to date has exceeded 18 BCFE.
Pelto 25 Drill Program2003
Pelto 25 Drill Program
By November 2003, Arena had drilled two oil wells at South Pelto 25: PL 25 JB-1 ST and PL 25 #5. These wells resulted from a block evaluation deal field study which utilized 3D PSTM seismic and AVO analysis. The #5 well found over 1 MMBOE and produced at rates in excess of 1,000 BOPD from the Miocene-aged oil sands.
Acquired Apache EI 100 Oil Field2004
Acquired Apache EI 100 Oil Field
Arena’s involvement in this 50-year-old oil field began with a farm-out and the successful drilling of two wells. In 2004, Arena acquired the remainder of the field and has drilled or sidetracked a total of nine wells. Since the acquisition, the field has produced more than 8 million BOE with plans for additional exploration and development drilling.
Noble Multi-Field Acquisition2004
Noble Multi-Field Acquisition
SMI 192 life started as an 8 BCF attic play to the A-1 well which had produced 22 BCF and 575 MBO from the Lentic Sand. After acquiring the block a more detailed geologic analysis decreased the risk on and upthrown older Bul 1 play. Arena took on Stone Energy and EPL as partners and drilled 2 wells to test the potential Bul 1 reservoir. 4 sands were found productive and put online producing nearly 4 MMBO and 7 BCF. The original play was also drilled and produced over 8 BCF and 189 MBO.
Maritech Drill Program2004
Maritech Drill Program
In September and October 2004, Arena drilled and completed three successful Pleistocene gas wells at WC 586. The wells were a result of a 3D seismic-based integrated field study, and a block evaluation deal with partner Maritech. The three new wells added 27 MMCFD of daily production and ultimately produced 11 BCFE.
VR 71 #1 Discovery Well2005
VR 71 #1 Discovery Well
The VR 71 lease was approaching the end of its primary term. Arena recognized the potential and filed an SOO with the MMS. This allowed us time to move a rig on location to drill the VR 71 #1 well. Arena later acquired the rights to drill on offset blocks: VR 52, VR 72 and SM 233. Successful wells were drilled on all four blocks, with estimated production from this complex exceeding 40 BCF.
EC 328 Oil Field Acquisition and Drill Program2005
EC 328 Oil Field Acquisition and Drill Program
Arena acquired a 50% interest in EC 328 in 2005 for cash and a drilling commitment. A very successful shallow oil development program was conducted consisting of five new wells and one workover.
2005 Hurricane Season2005
2005 Hurricane Season
HI A547 B-1 ST Drill Well2005
HI A547 B-1 ST Drill Well
In October and November 2005, Arena drilled and completed two new Pleistocene-aged oil wells: the HI A547 B-1 ST and the B-6 ST. The prospects were a result of careful mapping and analysis of the field’s most prolific oil producing horizon, the Trim A-1B Sand. These two new wells added 2,000 BOPD and more than 1.5 MMBOE in reserves.
EI 57/58 Drill Program2006
EI 57/58 Drill Program
Early in 2006, Arena finished a two-well drilling program in the EI 57 Field (EI57, 58, 38). The prospects were a result of a block evaluation field study with partner North Star and utilized proprietary reprocessed pre-stack depth 3D seismic data. The #7 and #8 wells each found multiple gas sand stacked reservoirs on Miocene-aged fault closures. Two additional successful wells (#16 and #17) were drilled in adjacent fault closures during 2008.
Formed Exploration Company2006
Formed Exploration Company
WD 86 Drill Program2006
WD 86 Drill Program
Operationally, the WD 86 field was extremely busy during 2006, when Arena drilled five wells: one from the "A" platform and four from the "B" platform. These wells encountered multiple stacked Pliocene and Pleistocene gas reservoirs along with minor amounts of oil.
MP 120 Joint Venture2006
MP 120 Joint Venture
Strategic Shift to Oil2007
Strategic Shift to Oil
SP 83 Drill Program2007
SP 83 Drill Program
Arena acquired this field from Noble Energy. The existing seismic data was of poor quality and very low frequency. Arena contracted to have the data reprocessed, and has subsequently reinterpreted the entire field using a reservoir engineering/geologic team approach. This detailed field study led to the drilling of 17 wells which have produced over 57 BCF.
EC 328 "B" Drill Program2007
EC 328 "B" Drill Program
An open-water exploratory discovery led to the setting of the EC 328 B platform and a development with successful oil producers.
HI 515 Horizontal Well2007
HI 515 Horizontal Well
This one-well shallow gas development was made highly economic by an optimized development approach. The reservoir was exploited using a single horizontal well with an open-hole gravel pack completion, which achieved high production rates while reducing costs. The platform was moved and redeployed from a nearby company-owned field, providing both time and cost savings for the project.
Arena Foundation Formed2008
Arena Foundation Formed
As Arena Energy and our affiliate company Arena Offshore grew and prospered, the founders sought opportunities to give back to local and global worthy causes.
EI 100 Drill Program2008
EI 100 Drill Program
Arena interpreted additional data sets and remapped this field, which led to drilling the #27, #43 and #44 wells. These discoveries greatly improved the field economics.
WC 548 "C" Platform and Drill Program2008
WC 548 "C" Platform and Drill Program
WC 548 is a property that Arena picked up in the Central Gulf Lease Sale. A detailed field study of production in the area was performed utilizing 2D, 3D PSTM, and 4C/3D seismic data. This resulted in the recognition of unexploited gas potential on the open acreage. Ultimately, two wells were drilled to develop the five Pleistocene gas sands which were discovered and a new four pile drilling and production platform was constructed and installed.
2008 Hurricane Season2008
2008 Hurricane Season
SMI 79 Acquisition and Drill Program2008
SMI 79 Acquisition and Drill Program
On this block, Arena acquired a 50% interest in a mudline suspended discovery well. After being assigned operatorship in the block, Arena set a platform and drilled additional development wells, resulting in a successful three-well development program.
Gas Price Decline2009
Gas Price Decline
Chevron Joint Venture2009
Chevron Joint Venture
MP 120 Platforms2009
MP 120 Platforms
The MP 120 area is characterized by numerous shallow oil and gas pay sands. Arena purchased reprocessed data and acquired new seismic data, and identified many opportunities. Some of the opportunities have been drilled while others are awaiting appropriate economic conditions.
Arena was offered participation with Newfield in drilling GB 293 and MC 800. After evaluation, Arena elected to join in drilling these two prospects. Both opportunities were successful and are currently producing at high rates.
EI 99 Oil Discovery2010
EI 99 Oil Discovery
Based on knowledge gained from working the adjacent EI 100 field, Arena identified and drilled these two high-quality prospects. A small platform was installed with production flowing to EI 100. To date, these two wells have produced over 1.7 MMBO.
First Riker Drill Well2010
First Riker Drill Well
A team of geoscientists and engineers worked together to evaluate this field. The #7 well was the first delineation well drilled, but the Macondo incident prevented its completion. This well was later renamed the K-1, and was drilled to its primary objective. It is currently producing over 2,000 BOPD.
ST 161 C-11 ST#4 Oil Discovery2011
ST 161 C-11 ST#4 Oil Discovery
Building on our prior success in the field, Arena remapped this block using a newly available PSDM seismic data set. The effort resulted in a discovery exceeding one million barrels of oil within this predominately gas-producing field.
Exxon Oil Field Acquisition2011
Exxon Oil Field Acquisition
EC 328 "C" Re-Drill Program2011
EC 328 "C" Re-Drill Program
The EC 328 C platform was set at the site of the EC 328 A structure toppled by Hurricane Ike. A successful redevelopment program of nine wells was then conducted.
Arena Offshore Operatorship2011
Arena Offshore Operatorship
EI 314 Drill Program2012
EI 314 Drill Program
In 2010, Arena leased the N/2 of EI 314 in Central Gulf of Mexico Sale 213. In 2011, Arena purchased the S/2 of EI 314 from Exxon. (See “Exxon Oil Field Acquisition.”) A drilling program commenced on both leases in May 2012 with two separate drilling operations. The "C" platform drill program—utilizing the H&P 105 rig—got off to an excellent start, as five prolific oil wells were drilled and completed from this platform during the year. The most significant was the C-3ST well, which added nearly 2 MMBO of proved reserves and produced at rates in excess of 1,000 BOPD. The N/2 drilling program, which utilized the Hercules 300 rig, delineated stacked Pleistocene oil sands in three fault blocks totaling over 7 MMBO. These newly discovered reserves would later be developed with wells drilled from the S/2 "C" platform with the H&P 105 rig. The field’s production rate was increased from 2,000 BOPD to over 6,000 BOPD as a result of the drill program’s success.
Lease Sale – Central Gulf 20122012
Lease Sale – Central Gulf 2012
After a leasing hiatus, many blocks were available for the first time in the Central Gulf Lease Sale. Arena evaluated a number of blocks and became the successful bidder on a total of 17.
Riker Platform Set and Drilling Program Begins2012
Riker Platform Set and Drilling Program Begins
After the #7 delineation well was halted because of Macondo, Arena studied our options and elected to proceed with installation of a new 20-slot platform. In 2012, the platform was set and drilling commenced.
McMoRan Multi-Field Acquisition2012
McMoRan Multi-Field Acquisition
This acquisition from McMoRan Exploration added to the company's inventory of assets in the highly prolific Eugene Island area of the offshore Gulf of Mexico. These fields present multiple future development opportunities within the core of Arena's focus area.
VR 342 Platform Set and Drill Program2012
VR 342 Platform Set and Drill Program
Arena acquired 50% interest in this project and was named operator of the field. A platform was set and a successful three-well oil development program was conducted. Production from this field is processed at Arena's nearby EC 328 oil production facility. Considerable future exploration and development activity is planned for this field.
Riker Drill Program Continues2013
Riker Drill Program Continues
Arena continued our detailed field study of the Riker area. By the end of 2013, Arena had drilled and completed eight wells with production totaling over 4,000 BOPD. Arena has plans to drill wells from all 20 slots.
EI 314 Drill Program Continues2013
EI 314 Drill Program Continues
Throughout 2013, the EI 314 "C" platform continued to operate, yielding 13 total wells drilled. By year-end, plans and facility modifications were in place to commence the drilling of development wells from the S/2 "C" platform to the N/2 PUD targets proved up by the 2012 N/2 delineation program. Plans were also put in place to modify the "C" platform and add six new well slots. In addition to sidetracking all but one of the original "C" wells and utilizing four previously used (open) slots, these new slots will allow Arena to drill a total of 23 wells from the "C" platform.
HI A547 #6 Exploratory Well2013
HI A547 #6 Exploratory Well
The HI A547 #6 Deep Glob Alt wildcat discovery was made in August 2013. The prospect was an amplitude supported test of Glob Alt sands trapped in a deep graben structure (#6 TD 15,665’ MD, 15,198’ TVD). This feature is in close proximity to the HI A572 field complex, which has experienced tremendous production and huge ultimate recoveries from the same Glob Alt section. The 547 #6 well encountered 140’ net gas pay. The gas reservoirs encountered will be very rich in associated condensate production. Arena will build and install a platform and commence the development of the discovery in early 2015.
ST Deep Chevron Joint Venture2013
ST Deep Chevron Joint Venture
A joint venture with Chevron, ST Deep involves three large legacy oil fields which have produced 300 million barrels and 1.5 TCF. In 2014, Arena commenced a drilling program of up to 25 wells and will ultimately earn a 70% operated interest in the asset.