Is EOG selling out of the Louisiana Austin Chalk

We are hearing rumors that EOG is or has made plans to sell out their position in the Louisiana Chalk play due to poor results on initial test well and initial seismic result data from shoot.  Does anyone have any verifiable information on this subject?

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Permalink Reply by Skip Peel - Mineral Consultant on December 12, 2018 at 5:27

You could be right, littleasy.  I'm actually more interested to see what COP does in the new year.  They should be drilling the lateral in the McKowen well now and they hold a live permit for their next well.  When their rig moves, I will be looking for one or more additional permits.

Permalink Reply by littleasy on December 12, 2018 at 6:13

Yes Skip, seems like COP activity in Kirk's LAMS Stack Play area in East Feliciana Parish is the current place of interest. Maybe they will investigate both updip and downdip sections around these Wells. I just hope they are deligent and forthcoming with their findings.

Permalink Reply by David Crockett on December 12, 2018 at 8:08

I see that ConocoPhillips leased two different tracts from east and west Feliciana in the state lease sale. 37 acres in one bid and 101 acres in another. They paid 776 per acre. There was a 44 acre tract in pointe coupe that received  no bids

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