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Author Topic: A depleted reservoir that wasn't really depleted  (Read 1141 times)

Rockdale

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A depleted reservoir that wasn't really depleted
« on: January 24, 2016, 01:39:25 PM »
I came across an article written by Alex DeMarban for the Alaska Dispatch News on January 23, 2016 about an unusual situation in regards to a gas storage facility.  In 2012 a company called CINGSA (Cook Inlet Natural Gas Storage Alaska) that is owned by an electric and gas utility in Iowa and a Canadian gas utility company had drilled a storage well system into what was thought to be a depleted gas reservoir below the city of Kenai, Alaska.  To everyone's surprise the supposedly depleted reservoir turned out to have some 14.5 billion cubic feet of gas that turned up in the course of drilling expanded storage.  Since that happy discovery things turned sour as the storage company CINGSA got into a dispute with the 4 Alaska utilities that were utilizing the storage facility as to a fair share of the proceeds from the discovery.  The final disposition of the case appears to be still up in the air.

claude

  • Posts: 134
Re: A depleted reservoir that wasn't really depleted
« Reply #1 on: January 24, 2016, 07:37:24 PM »
hopefully the landowners will be paid for the newly discovered gas. they should also be compensated for using the landowners' depleted reservoir for underground storage. presently, gas company's make millions of dollars annually using private landowners' property in 31 states with little are no compensation. criminal, criminal.
« Last Edit: January 24, 2016, 07:40:52 PM by claude »

GONRA

  • Posts: 242
Re: A depleted reservoir that wasn't really depleted
« Reply #2 on: January 25, 2016, 02:31:08 PM »
GONRA thinks that's Really Phunni!
Am sure there's mucho  $$$  for everyone concerned.
They aren't gonna need Food Stamps....

Rockdale

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Re: A depleted reservoir that wasn't really depleted
« Reply #3 on: January 25, 2016, 03:09:44 PM »
GONRA thinks that's Really Phunni!
Am sure there's mucho  $$$  for everyone concerned.
They aren't gonna need Food Stamps....
>>>> I would expect that the most fun of all is going to be experienced by the lawyers for the contending parties to settle who gets the windfall.  From time to time on this forum there is commentary by land owners who have storage wells on their properties that were created by drilling activity in the past.  It might perhaps be a more common than in the past to discover that, particularly with the use of advanced drilling technology which didn't exist before, that some old, supposedly fully exhausted gas wells in fact still have a resource that is worth exploiting.

 


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