Potential remains for hydrocarbon production growth in Arizona
The state of Arizona has produced a total 21 million barrels of oil and 31 million cu ft of natural gas. The state has also produced 10 billion cu ft of gas with 8% helium – a high percentage that allows for targeted helium production in Arizona. Currently the state has 24 active oil wells, nine active gas wells and 14 hydrocarbon-storage wells. However, there is potential for more production in areas such as the Paradox, Black Mesa and Holbrook basins, where there is ongoing drilling activity for helium, CO2 and associated oil and gas resources, according to Frank Thorwald, Chairman and Commissioner of the Arizona Oil & Gas Conservation Commission. Watch DC’s video from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., from 3 November for more information.