Replies to This Discussion

Permalink Reply by Craig Wascom on January 15, 2018 at 11:40

Thanks Hydrocarbonite! That is the kind of stuff I am talking about even if it is just a rumor those of us east of 49 and south of Bunkie just got a heads up. Keep it coming 

Permalink Reply by Old Scout on January 15, 2018 at 11:46

How could this benefit landowners currently under lease by exploration companies other than Petroquest?

Permalink Reply by Skip Peel - Mineral Consultant on January 15, 2018 at 11:50

The level of cooperation among operating companies in an evolving play has seemingly increased in the last decade.  While leasing is ongoing, there may be stiff competition but once drilling programs are well underway there is often a good bit of sharing of data and well/completion design.  At least there have been instances of cooperation in the not too distant past.

Permalink Reply by Hydrocarbonite on January 15, 2018 at 11:53

Just read post on Rapides parish group about old well site just north of Cheneyville.  Again, good news for all of us as we were approached for leasing back in late 90s when cheneyville area was Hot.... 

Permalink Reply by Craig Wascom on January 15, 2018 at 12:13

Hydrocarbonite one of the things I noticed in the rapid recent development of the Permian was the activity in old oil fields. The saying was the best play to find unconventional oil is where conventional oil was discovered in the old days.

Permalink Reply by Craig Wascom on January 15, 2018 at 12:41

If you see a couple of companies bring in big wells you we start to see drilling from companies you have never heard of drilling on anything they can lease. The next big faze of developing a play is holding  leases by production. They will drill it even if it is not profitable. That is why big land owners need to make sure they have continuous drilling clauses in their leases.

Permalink Reply by Hydrocarbonite on January 15, 2018 at 12:39

Our area is flanked by 2 large wilcox fields, the one in ville platte due east  and one to the west in pine prairie.  we have been leased several times in past and even drilled in 1950 as a wilcox play,  plugged and abandoned.  After 2D seismic testing in past we have always been told resources too deep in our area.  Maybe that is the AC/TMS .  Hopefully an improved 3D shoot may reveal something worth exploring.   

Permalink Reply by Craig Wascom on January 15, 2018 at 12:45

Almost everything they are pulling out of the ground here was considered unrecoverable at $90  just 5 years ago now $40 is the benchmark.

Permalink Reply by Hydrocarbonite on January 15, 2018 at 12:54

The field operator in VP did tell me the cost of deep drilling at 17k-20k feet has come down considerably and can be done is much shorter time.  he feels thats the reason for all the rumors they are hearing about petroquest and the depth at which they are planning to explore the AC..

Permalink Reply by Craig Wascom on February 6, 2018 at 15:23

EOG Resources making moves in Austin Chalk

US player chasing new tight oil play under the Eagle Ford trend in Texas and Louisiana with leasing plans

Noah Brenner

Houston

US tight oil specialist EOG Resources is rapidly expanding its holdings in the Austin Chalk trend through a pair of leasing programmes after hitting a series of big wells while targeting the play underneath its Eagle Ford shale acreage.

EOG has land companies working on its behalf in Texas and Louisiana to lock up what it believes are the most prospective places for a new tight oil play.

In Texas, EOG began adding acreage to the north-east of its large Eagle Ford position along the border between Fayette and Lavaca counties in Texas, which have seen Eagle Ford development but are far from the most prolific acreage in the play.

The area is known for historical production from the Austin Chalk, both in conventional vertical wells and more recently from horizontal completions.

The company has yet to receive a drilling permit to test acreage in Fayette or Lavaca, where it has previously drilled a handful of wells between the two counties over the last 20 years.

Despite running what multiple sources characterised as an active leasing programme with land company Jeter & Associates, EOG has not officially filed for a single lease — something it has done in the past to conceal its activity in emerging plays.

EOG has publicly spoken about the company's Austin Chalk exploration underlying its acreage in the Eagle Ford, where it has drilled some very prolific wells, but has yet to discuss its efforts to expand the play.

The company completed 14 wells in the Austin Chalk in 2016, most of which were located in Karnes County, but with some tests in neighbouring Gonzalez, La Salle and DeWitt counties as well, all of which are located in the established fairway of the Eagle Ford shale play.

Those wells had an average initial production rate of 1700 barrels per day of oil or 2200 barrels of oil equivalent per day including natural gas production, EOG's executive vice president of exploration and production, David Trice, told investors on the company’s most recent conference call.

EOG has been applying drilling and completion technology developed in its highly successful Eagle Ford Shale development, Trice said.

“Using proprietary petrophysical analysis, we can identify and map the best reservoir properties using our existing well controls,” he explained. “We are then able to target the best rock with horizontal laterals and apply EOG-style high-density completions.”

Now, EOG plans to increase its activity in the Austin Chalk and executives hinted it would look to expand exploration beyond its previous efforts.

“That's really what we're focused on right now is delineating the play,” Trice said. “We'll be testing some spacing patterns and then stepping out and seeing what the prospectivity is across the entire position but we just want a little bit more time with the data.”

The results are even more impressive considering that the average lateral length of those wells was just 4400 feet, compared to laterals in the Permian and Eagle Ford that average around 7500 feet.

The Kilimanjaro 101H well, drilled on EOG’s core Eagle Ford position in Karnes County, flowed at a rate of 4171 barrels of oil per day and another 5.5 million cubic feet per day of natural gas during testing in June last year.

A follow-up well in Karnes County, the Fuji 101H, flowed at 5617 bopd and 7.4 MMcfd of natural gas during a 24-hour test.

In Louisiana, sources indicated that EOG was working with Schoeffler Energy Group to secure a significant position in what many see as a second potential hotspot for the matrix Austin Chalk play in Avoyelles, St Landry and Pointe Coupee parishes in Louisiana, near the border with Mississippi.

Sources indicated that EOG was targeting three to four areas of around 30,000 acres each across the area where the three parishes meet.

EOG has yet to permit a well targeting the Austin Chalk in that area but the leasing effort marks a return to the region after the company tested the area during its exploration of the Tuscaloosa Marine Shale play.

At one time, EOG held more than 175,000 acres in Avoyelles Parish and drilled a handful of test wells before marketing the acreage for sale in February 2014 and walking away from the Tuscaloosa Marine shale play.

The return does not mean there are not challenges to be overcome in the Austin Chalk, however.

Because of the natural fracturing, variability in the rock and drainage from conventional production, the geology of the Austin Chalk can be more complicated than that of the Eagle Ford, Trice warned.

“One thing in the Austin, it's a little bit more geological than the Eagle Ford and so we have multiple zones there that we're looking at,” Trice said, “so we'll be testing each of those zones.”

source

http://www.upstreamonline.com/hardcopy/1240952/eog-resources-making...

Permalink Reply by Craig Wascom on February 6, 2018 at 17:11

NEW ORLEANS--(BUSINESS WIRE)--Amelia Resources LLC announces the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play.

“This play continues to gain attention and is experiencing escalating lease prices. Our second lease package presents an excellent opportunity for a new player to obtain a significant position in the Louisiana-Mississippi Stack Play (“LAMS Stack”
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Amelia Resources announced today that it will commence the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play at the NAPE Summit in Houston, Texas, February 7.

Amelia’s President, Kirk Barrell, said, “This play continues to gain attention and is experiencing escalating lease prices. Our second lease package presents an excellent opportunity for a new player to obtain a significant position in the Louisiana-Mississippi Stack Play (“LAMS Stack”) where the Austin Chalk and TMS occur 700-1300 feet apart.”

With 27 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, and Lower Cretaceous.

Barrell stated, “With oil prices in the $65 per barrel range, this stack play presents an excellent opportunity to leverage multiple targets.” With two large independents leading the charge in the play, many players are commencing evaluation of this potential resource play.

Amelia Resources LLC is a privately held exploration and production company. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast. Amelia was founded in 2003 by Kirk Barrell and has offices in New Orleans and St. Francisville, Louisiana. The company leverages its 33 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the Austin Chalk and TMS projects are provided by the company at www.tuscaloosatrend.blogspot.com.

Permalink Reply by Craig Wascom on February 8, 2018 at 4:08

The most exciting thing happening in Louisiana is fracking in the Austin Chalk, which spans from Texas through Louisiana. Briggs called it “Louisiana’s next great resource play.”

Gifford Briggs, vice president of the Louisiana Oil and Gas Association

http://www.houmatoday.com/news/20180202/la-oil-exports-touted-by-in...

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