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?
In a Forbes article from 1996 about CHK, someone was quoted as saying that he wouldn’t bet with him, but he wouldn’t bet against him. One difference between then and now, EOG acted steathfully from drilling the Eagle Ranch well to leasing their position in Central LA through another entity.
The biggest threat to the LA AC plays more golf than most PGA pros his age!!! They are now pushing coal through the dirty EPA.
This thread sure has a bunch of negative Nancy's! LOL
Yeah, all those guys with the star.
What if the well produces for many more years then it becomes economic.
Yes, another pump and dump stock scheme might prove a bit too much, even in these ethically troubled times. I was looking at the history of the LA AC earlier and was surprised to learn that some consider it to be potentially the largest onshore deposit in the US. Equivalent to 4-6 Giddings fields in size???
Thanks Rock Man
It was an ancient OGJ article from 1996.
“John Vering, UPR's vice-president of exploration and production services, said, "I'm guessing you could take maybe four, five, or six Giddings fields and fit them in along the trend from the Sabine River over to Baton Rouge, just in the area that has seen the activity thus far."”
Pie in the Sky, probably? But, it did take mankind over 2,500 years to fully appreciate Calculus. We don’t have that timeline, but as you say, “It’s all about the rock,” and LA apparently has a lot of it.
Wasn’t meant for you!!! Might also be true for LA AC?