LNG Proposal would extend Oil Platform Life
According to the US Department of the Interior, Minerals Management Service (MMS), there are 36 undeveloped leases in the Pacific OCS region.
Of these 36 leases, according to the September 2004 “Status of Leases and Qualified Companies”, a document produced by MMS, Delta Petroleum is listed as having financial interest in 10 of these aforementioned undeveloped leases. Lease numbers P-00320, P-00322, P-00409, P-00415, P-00416, P-00421, P-00452, P-00453. P-00449, P-00422 . These 10 lease interests were identified by cross referencing the lease numbers listed in the “Status of lease” document, which identified Delta as having a financial interest, with undeveloped leases identified in the undeveloped lease spread sheet also provided by MMS. Both links are provided below.
Delta Petroleum has previously been mentioned as a partner of Crystal Energy in the redevelopment of Platform Grace, off the coast of Ventura, as an LNG terminal.
http://www.mms.gov/omm/pacific/lease/Status-of-Leases-and-Qualified-Company-Report.pdf
http://www.mms.gov/omm/pacific/lease/undevlease.htm
In addition to the lease information, Crystal Energy's website has now removed reference of Delta Petroleum on the company’s website. Below is language removed from an archived older page, the sentence describing Delta as an investor is now gone.
Also, in an MMS report dated September 2004, they list 6 platform projects for decommission, of which Platform Grace is one, and was projected to be decommissioned, i.e. removed, between 2015 and 2025 at a cost of 28 million.
If the platform becomes a LNG terminal, the possibility of having the platform physically removed from the landscape will certainly be tabled, because no one is going to spend possibly 400 million on a platform that would only be in operation for a little over 10 years. Thus if the terminal is not allowed, the platform goes away in possibly 10 years, or if it is approved, the platform remains for as many years as the terminal is profitable.
Of these 36 leases, according to the September 2004 “Status of Leases and Qualified Companies”, a document produced by MMS, Delta Petroleum is listed as having financial interest in 10 of these aforementioned undeveloped leases. Lease numbers P-00320, P-00322, P-00409, P-00415, P-00416, P-00421, P-00452, P-00453. P-00449, P-00422 . These 10 lease interests were identified by cross referencing the lease numbers listed in the “Status of lease” document, which identified Delta as having a financial interest, with undeveloped leases identified in the undeveloped lease spread sheet also provided by MMS. Both links are provided below.
Delta Petroleum has previously been mentioned as a partner of Crystal Energy in the redevelopment of Platform Grace, off the coast of Ventura, as an LNG terminal.
http://www.mms.gov/omm/pacific/lease/Status-of-Leases-and-Qualified-Company-Report.pdf
http://www.mms.gov/omm/pacific/lease/undevlease.htm
In addition to the lease information, Crystal Energy's website has now removed reference of Delta Petroleum on the company’s website. Below is language removed from an archived older page, the sentence describing Delta as an investor is now gone.
“Crystal Energy, a privately held corporation, is headquartered in Houston, Texas with offices in Ventura, California. Crystal's principal shareholders are Small Ventures USA, L.L.C. (Founder and Owner - Mr. William O. Perkins III), Ram Energy Long-Term Trading, L.L.C. (a wholly owned subsidiary of the four billion dollar energy investment fund RAM Energy Trading, LTD.) and Delta Petroleum Corporation (a publicly traded oil and gas company with operations offshore of California).”
Also, in an MMS report dated September 2004, they list 6 platform projects for decommission, of which Platform Grace is one, and was projected to be decommissioned, i.e. removed, between 2015 and 2025 at a cost of 28 million.
If the platform becomes a LNG terminal, the possibility of having the platform physically removed from the landscape will certainly be tabled, because no one is going to spend possibly 400 million on a platform that would only be in operation for a little over 10 years. Thus if the terminal is not allowed, the platform goes away in possibly 10 years, or if it is approved, the platform remains for as many years as the terminal is profitable.
posted by CalEnergyGuy at 2:55 PM
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