Hastings Oilfield
| Hastings Oilfield | |
|---|---|
  Location of Hastings Oilfield | |
| Coordinates | 29°29′14″N 95°14′15″W / 29.4872°N 95.2374°W |
| Owner | Amoco |
| Field history | |
| Start of production | December 23, 1934 |
| Peak of production | 656.2 million |
| Peak year | 1984 |
| Production | |
| Producing formations | Marginlina, Frio, Vicksburg |
The Hastings Oilfield is an approximately 20-square-mile petroleum reservoir in Brazoria and Galveston County, Texas, United States.
History
[edit]The Hastings Oilfield was discovered by J. W. Surface of Amoco, and was first drilled on December 23 or 29, 1934. Within two days of the discovery, Edgar F. Bullard, also of Amoco, purchased the deed to the land, for $1 per acre. The price soon rose to $5,000 per acre. On October 1, 1958, Hastings Oilfield split between Hastings West and East due to the Long Point–Eureka Heights fault system.[1][2] Production had stagnated by 1990. In 2009, Denbury Resources acquired the land from Venoco, for $201 million.[3] In 2010, production resumed.[4][5]
Geology
[edit]The Hastings Oilfield is situated in the Frio Deep-Seated Salt Dome Fields. Its oil dates to the Oligocene, with the Marginlina, Frio and Vicksburg formations.[1][6]
Oil production
[edit]In 1984, 656.2 million barrels were produced; 108.4 million from Hastings East and 547.8 million from Hastings West. 12.7 million barrels were produced a day; 1.06 from Hastings East and 11.6 from Hastings West. By 1985, all but 5 oil wells were operating, all needing artificial lifts to produce; a total of 297 wells needed lifts to operate.[1]
References
[edit]- ^ a b c Association, Texas State Historical. "Hastings Oilfield". Texas State Historical Association. Retrieved 2024-10-17.
- ^ Thomas, W. A. (1953). "Hastings Field: Brazoria and Galveston Counties, Texas": 121–124.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Denbury Acquires TX Hastings Complex From Venoco For $201MM | Hart Energy". www.hartenergy.com. 2009-02-03. Retrieved 2024-10-20.
- ^ Reporter, Judy Zavalla, Staff (2010-12-01). "Denbury Resources to build new oil pipeline". The Alvin Sun-Advertiser. Retrieved 2024-10-20.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ Clanton, Brett (17 January 2011). "Company aims to pump new life into historic oil field". Houston Chronicle. Retrieved 2024-10-19.
- ^ Okocha, Francis (2017-05-13). "Gravitational Study of the Hastings Salt Dome and Associated Faults in Brazoria and Galveston Counties,Texas". Electronic Theses and Dissertations.