ConocoPhillips (NYSE:COP) has placed on the market its entire 234K-acre holding in Louisiana's Austin Chalk play, only a year and a half after first unveiling its stake, Upstream reports.
COP COO Matt Fox discussed the disappointing results in July, pointing to oil rates of just 100 bbl/day. "It's just unlikely to be enough to justify a development in that part of the play."
Three out of COP's four test wells so far in Louisiana have produced more than 90% water and not enough oil to justify big investments, Fox said.
Tags:
Skip, where is their play acres located? Hopefully not Rapides Parish area. Is it not mostly Marathon/Southwind in Rapides which is generally the same as the new 3D CGG Survey.
Lisa, I do not have an acreage map handy. I suggest that you first go to the company's website and look through the presentations for the appropriate time frame. There is likely one on here but that might take longer looking through multiple discussion threads. Here is a link to get you started. If you find it, please post a direct link for others.
http://www.conocophillips.com/investor-relations/investor-presentat...
This is the only one that I found which came from Amelia's website.
Austin Chalk 3.0 refund applied for.
Compliments of jay. You are in the clear Lisa.
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
ContinuePosted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00
246 members
359 members
121 members
193 members
146 members
400 members
101 members
150 members
166 members
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com