Schlumberger, Petrofac, PEMEX: Panuco Contract Area -- Absolutely Nothing To Do With The Bakken

Link to Penn Energy.

This article has nothing to do with the Bakken but it provides some data that helps put the Bakken in perspective.

The data points (some rounding):

• the Panuco  Contract Area: four mature onshore fields operated by PEMEX
• discovered in the early 1900's
• original oil in place: 7 billion bbls
• 1,600 wells; 200 are currently producing
• total production: 1,500 bopd

Petrofac and Schlumberger will develop the fields jointly with Petrofac as the lead operator