P. 5 ~ Continued - Seismic stimulation improves production from West Texas carbonate

Displaying 5/5 Page1, 2, 3, 4, 5
View Article as Single page

Tax credits

In Texas, the Texas Railroad Commission gives a 50% reduction in severance tax for a period of 10 years on secondary and tertiary enhanced oil recovery projects that prove a sustained positive improvement in oil production. It bases the tax credit on total oil production within the project area and includes new oil production from infill drilling within the project area.

TRC approved Abraxas' EOR positive production response certification application on Aug. 23, 2011, with the certification date being retroactive to Aug. 1, 2010.

The authors

Jeff Marshall ([email protected]) is a senior operations engineer for Abraxas Petroleum Corp., San Antonio. He has more than 29 years of experience in production, completion, and drilling. Marshall holds a BS in natural gas engineering from Texas A&I University. He is a member of SPE and AADE.

Sergey Kostrov is technical director for Applied Seismic Research, Plano, Tex. He has been involved with theoretical and experimental investigations into the effect of elastic waves on mass-transfer processes in multiphase media. Kostrov holds an MS in mechanics of high-speed processes from Moscow State Technical University and a PhD in fluid mechanics from the Mechanical Research Institute of the Russian Academy of Sciences. He is a Fellow of the Russian Academy of Sciences.

Bill Wooden ([email protected]) is vice-president of Applied Seismic Research. His background is in reservoir engineering modeling and commercialization of emerging technologies. Wooden holds a BS in chemistry and petroleum engineering from the University of Oklahoma. He is a professional engineer in Texas.

Displaying 5/5 Page1, 2, 3, 4, 5
View Article as Single page

More Oil & Gas Journal Current Issue Articles
More Oil & Gas Journal Archives Issue Articles
View Oil and Gas Articles on PennEnergy.com