Alpine reaches 100 million barrel mark.

• Author: Pilkington, Steve
• Position: Oil & Gas - Brief Article

ConocoPhillips (NYSE:COP) and Anadarko Petroleum Corp. (NYSE:APC) recently announced that the Alpine oil field has produced its 100 millionth barrel of oil since the initial start up in 2000.

Originally estimated to produce 80,000 barrels of oil per day, the Alpine field has maintained an average production of nearly 100,000 barrels of oil per day over the past two years. The Alpine oil field has been developed exclusively with horizontal well technology and employs enhanced-oil recovery. With the field's unique design and the use of enhanced-oil recovery, expected recovery from the field is currently estimated at 429 million barrels.

The 40,000-acre field was developed on just 97 acres, or two-tenths of one percent of the field area. In addition, Alpine is a near zero-discharge facility. The waste generated is reused.

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