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?
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.
That article and 3 bucks won’t get you a venti.
Wasn’t meant for you!!! Might also be true for LA AC?
EOG Demonstrates How It's Done In The Shale Patch (If You Have The Right Acreage)