ConocoPhillips disappointed in Louisiana Austin Chalk - GoHaynesvilleShale.com2024-03-28T09:40:53Zhttps://gohaynesvilleshale.com/forum/topics/conocophillips-disappointed-in-louisiana-austin-chalk?groupUrl=austinchalk&commentId=2117179%3AComment%3A3845976&x=1&feed=yes&xn_auth=noPoint to keep in mind as to C…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38459762019-08-01T15:19:46.408ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Point to keep in mind as to CP recent actions - they have been a very active player in the Eagle Ford / Austin Chalk trend in S Tex (Live Oak / Karnes / McMullen County area) for over 10 years. They have played it like they should (in my opinion) with lots of tech effort (logs, core, analysis, engineering work, etc. to understand the reservoir and its pros and cons).</p>
<p>Very similar to EOG's approach to these types of plays.</p>
<p>For them to publically "pull the plug" on La AC Hz Frac…</p>
<p>Point to keep in mind as to CP recent actions - they have been a very active player in the Eagle Ford / Austin Chalk trend in S Tex (Live Oak / Karnes / McMullen County area) for over 10 years. They have played it like they should (in my opinion) with lots of tech effort (logs, core, analysis, engineering work, etc. to understand the reservoir and its pros and cons).</p>
<p>Very similar to EOG's approach to these types of plays.</p>
<p>For them to publically "pull the plug" on La AC Hz Frac play at this time should be not be construed as a knee jerk decision but one that was well thought out based on the integration of the new info that they obtained via their recent drilling and completion efforts with the regional mapping of the historial info in this area.</p>
<p>And this includes comparing those results / observations to their analogous S Tx efforts.</p>
<p>Some companies may have gone stealth on their efforts in Louisiana chasing the AC - and if things didn't work, that effort would have been swept under the rug and no one would know any better about what they ha done. But early on, CP posted about this play and therefore had to "respond to the analysts" and Wall Street as to their results and future plans.</p>
<p>A good and responsible move by the CP managers (in my opinion). </p>
<p>This decision is probably a "non event" as to the CP stock. Those in the know will just chalk it up to a major operator checking out another new play area and then not having it "work:.</p>
<p>There are still several players in the trend and it is a LARGE trend. It will be interesting to see what transpires here in the next 12-18 months.</p> check Kirk's last paragraph o…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38459142019-08-01T14:38:43.994ZCharles Jenkinshttps://gohaynesvilleshale.com/profile/CharlesJenkins720
<p>check Kirk's last paragraph on his recent blog post for DHC/CC . . . and thanks for your response. </p>
<p>check Kirk's last paragraph on his recent blog post for DHC/CC . . . and thanks for your response. </p> Dry Hole Costs/Completion Cos…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38458322019-08-01T14:38:21.930ZLarry L. Joneshttps://gohaynesvilleshale.com/profile/LarryLJones
<p>Dry Hole Costs/Completion Costs</p>
<p>Dry Hole Costs/Completion Costs</p> MMBO EUR is million barrels o…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38457512019-08-01T14:29:15.089ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>MMBO EUR is million barrels of oil and EUR is Estimated Ultimate Recoverable, a projection of total cumulative production over the lifetime of a well. Got any context for DHC/CC?</p>
<p></p>
<p>MMBO EUR is million barrels of oil and EUR is Estimated Ultimate Recoverable, a projection of total cumulative production over the lifetime of a well. Got any context for DHC/CC?</p>
<p></p> What does DHC/CC mean? And M…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38458242019-08-01T14:21:30.263ZCharles Jenkinshttps://gohaynesvilleshale.com/profile/CharlesJenkins720
<p>What does DHC/CC mean? And MMBO EUR?</p>
<p></p>
<p>Thanks</p>
<p>What does DHC/CC mean? And MMBO EUR?</p>
<p></p>
<p>Thanks</p> Kirk has a reason to rush to…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38459002019-08-01T12:07:24.445ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Kirk has a reason to rush to damage control. He has a lot invested in the LA MS Stack Play as he so optimistically calls it. This area is his baby but it is hard to believe that the companies exploring the LA AC don't know what he knows and haven't taken into account all the known variables.</p>
<p></p>
<p>Kirk has a reason to rush to damage control. He has a lot invested in the LA MS Stack Play as he so optimistically calls it. This area is his baby but it is hard to believe that the companies exploring the LA AC don't know what he knows and haven't taken into account all the known variables.</p>
<p></p> Quicker than I thought / he i…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38457342019-08-01T02:43:29.854ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Quicker than I thought / he is on top of things</p>
<p>Quicker than I thought / he is on top of things</p> Kirk has posted an update on…tag:gohaynesvilleshale.com,2019-08-01:2117179:Comment:38457312019-08-01T02:41:34.496ZDavid Crocketthttps://gohaynesvilleshale.com/profile/LindaBodie
<p>Kirk has posted an update on his blog July 31</p>
<p>Kirk has posted an update on his blog July 31</p> Correction to the Houston Chr…tag:gohaynesvilleshale.com,2019-07-31:2117179:Comment:38456012019-07-31T15:24:38.508ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Correction to the Houston Chronicle release - the TMS "underlies" the AC section. Not "overlaying" as noted in the article.</p>
<p>Correction to the Houston Chronicle release - the TMS "underlies" the AC section. Not "overlaying" as noted in the article.</p> (Note - I Posted this on anot…tag:gohaynesvilleshale.com,2019-07-31:2117179:Comment:38456732019-07-31T15:23:25.982ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>(Note - I Posted this on another thread before seeing this new thread)</p>
<p> </p>
<p>That's a pretty condemning news article for the play - at least in the areas where CP has been active and drilling. Discussing the TMS as an alternative here doesn't make me feel any better either considering the difficulties with that play.<br></br>CP's comment about focusing on the Permian Basin makes sense considering their position - there they have "proven reserves" and just need to put capital into those…</p>
<p>(Note - I Posted this on another thread before seeing this new thread)</p>
<p> </p>
<p>That's a pretty condemning news article for the play - at least in the areas where CP has been active and drilling. Discussing the TMS as an alternative here doesn't make me feel any better either considering the difficulties with that play.<br/>CP's comment about focusing on the Permian Basin makes sense considering their position - there they have "proven reserves" and just need to put capital into those areas to exploit it.<br/>In saying all this, a major spending several millions of $$$ for acreage and drilling / evaluation in a new play area is typical. I have seen it across the USA and overseas in many different plays.<br/>Now the questions is - What about the other operators in the La Hz AC play??<br/>PS - Expect an update from Kirk on his site about CP's position.</p>