Sadly this company has become a disgrace to the industry in all of it's recent failure with the insane idea of the CO2 project in the North Burbank Unit! Sure, this type of flood can be successful in some formations but NOT this one. How could anybody be so arrogant to believe otherwise? And why didn't anybody try to stop them? The big officials need to be forced to live in the area with all of the mess they've made here and the dangers they have caused. Yes, there WILL be a layoff. The only question is: Who will be the first to go? Will it be the high rolling officials sitting behind the desk making all of the horrendous decisions? Or will it be the Spartans in the field that are forced to throw integrity out the window each day?
7 replies (most recent on top)
Incompetence at the very top has a price. A fool and his money are soon parted.
I would also blame the wonderful investment they made in the Marmaton play with the Cabot acquisition
I wouldn't say "everyone" is surprised. If you were a little closer or having a meal in a local café you could overhear the doubts that have echoed for the past year or longer. You state the success of their research, but are you aware of the flaws that were pointed out but not taken into consideration?
I'm no fan of Chaparral by any means, but they've owned the burbank field for 10 years and did millions of dollars of research on it in addition to hiring several people from the previous owners staff after they acquired the company (Calumet Energy). They spent 7 years preparing to inject CO2, I don't know how they could've prepared much better. Chaparral IS the expert on the Burbank field. Based on all of that research and success with previous projects in similar fields, the Burbank CO2 project should've worked. Not sure how arrogance played into it, the research and tests showed that it should've worked... and to everyone's surprise, it hasn't worked very well.
I don't disagree that they've become a disgrace, but I would say they are a disgrace because of how they treat there employees, not the success or failure of CO2 project.
I'm no fan of Chaparral by any means, but they've owned the burbank field for 10 years and did millions of dollars of research on it in addition to hiring several people from the previous owners staff after they acquired the company (Calumet Energy). They spent 7 years preparing to inject CO2, I don't know how they could've prepared much better. Chaparral IS the expert on the Burbank field. Based on all of that research and success with previous projects in similar fields, the Burbank CO2 project should've worked. Not sure how arrogance played into it, the research and tests showed that it should've worked... and to everyone's surprise, it hasn't worked very well.
I don't disagree that they've become a disgrace, but I would say they are a disgrace because of how they treat there employees, not the success or failure of CO2 project.
Agreed, this post hit it dead on. They should have consulted with the guys in the area that know more about this field before doing it. Then they wouldn't have poured millions of dollars down the drain and still be doing good today.
amen