Naval Petroleum and Oil Shale Reserves. Annual report of operations, Fiscal year 1992

Technical Report · Thu Dec 31 04:00:00 EST 1992

DOI:https://doi.org/10.2172/10176203· OSTI ID:10176203

During fiscal year 1992, the reserves generated $473 million in revenues, a $181 million decrease from the fiscal year 1991 revenues, primarily due to significant decreases in oil and natural gas prices. Total costs were $200 million, resulting in net cash flow of $273 million, compared with $454 million in fiscal year 1991. From 1976 through fiscal year 1992, the Naval Petroleum and Oil Shale Reserves generated more than $15 billion in revenues and a net operating income after costs of $12.5 billion. In fiscal year 1992, production at the Naval Petroleum Reserves at maximum efficient rates yielded 26 million barrels of crude oil, 119 billion cubic feet of natural gas, and 164 million gallons of natural gas liquids. From April to November 1992, senior managers from the Naval Petroleum and Oil Shale Reserves held a series of three workshops in Boulder, Colorado, in order to build a comprehensive Strategic Plan as required by Secretary of Energy Notice 25A-91. Other highlights are presented for the following: Naval Petroleum Reserve No. 1--production achievements, crude oil shipments to the strategic petroleum reserve, horizontal drilling, shallow oil zone gas injection project, environment and safety, and vanpool program; Naval Petroleum Reserve No. 2--new management and operating contractor and exploration drilling; Naval Petroleum Reserve No. 3--steamflood; Naval Oil Shale Reserves--protection program; and Tiger Team environmental assessment of the Naval Petroleum and Oil Shale Reserves in Colorado, Utah, and Wyoming.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC (United States)
• Sponsoring Organization: USDOE, Washington, DC (United States)
• OSTI ID: 10176203
• Report Number(s): DOE/FE--0275; ON: DE93018119; NC: NONE
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700
04 OIL SHALES AND TAR SANDS
040800
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002
294004
COMPILED DATA
DELIVERY
DIRECTIONAL DRILLING
ECONOMIC, INDUSTRIAL, AND BUSINESS ASPECTS
ENVIRONMENT
EXPLORATION
GAS INJECTION
OIL SHALES AND TAR SANDS
PETROLEUM
PRODUCTION
PROGRAM MANAGEMENT
SAFETY
SALES
STEAM INJECTION
US NAVAL OIL SHALE RESERVES
US NAVAL PETROLEUM RESERVES