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Permalink Reply by lee on September 5, 2018 at 1:42

No leasing going on everyone has pulled out.

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Permalink Reply by Skip Peel - Mineral Consultant on September 5, 2018 at 3:30

There have been sporadic reports of leasing in Vernon and Beauregard associated with the renewed interest in the Austin Chalk.  Panther Energy III was promoting their Bloodhound prospect at the Summer NAPE.

Summer NAPE: Oil Companies Look To Form Partnerships

Velda Addison Senior Editor, Digital News Group Hart Energy  Friday, August 17, 2018  

 

Exhibitors at Summer NAPE in Houston were given a chance to talk about prospects as they sought partners. (Source: Shutterstock.com)

HOUSTON—Nearly a dozen companies took center stage during Summer NAPE to each give eight-minute pitches, hoping to lure partners for exploration, development and production opportunities in the U.S.

Among them was Josh Cornell, vice president of land for Panther Energy Co. III, who presented a Louisiana Austin Chalk opportunity—the Bloodhound prospect—in Vernon and Beauregard parishes.

“We have 50,000 net acres, mostly 100% ownership tracts. It’s a large contiguous, scalable footprint,” Cornell told a crowd gathered Aug. 15 to hear the prospect preview pitches. “We project over 26 operated DSUs [drill spacing units].”

He added the deep overpressured Austin Chalk Formation is built for long laterals with the company’s asset having a TVD range between 14,000 ft and 16,000 ft.

The Austin Chalk, which spans over 600 miles from the Mexico border into Mississippi, has sparked renewed interest from oil and gas players such as ConocoPhillips and Marathon Oil Corp., which added the play to their exploration portfolios.

Others are already seeing success. EOG Resources, which completed five wells in the South Texas Austin Chalk in second-quarter 2018, captured the spotlight in 2017 when the Eagle Ranch 14-1H well in Avoyelles Parish tested at a rate of 1,120 barrels of oil per day and 1,157 million cubic feet of gas per day.

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Permalink Reply by FTW on January 2, 2019 at 20:26

Looks like Prize Explorations has pulled a well permit on the Hawthorne Field in December 2018 outside of Leesville, LA in Vernon Parish.

I heard they plan to begin "production" in a week or so?

Landman giving everyone last offer to sign by end of this week?

Well serial number251471

Field ID/4440  Well Name MAUR H1

Operator/P5983

036

/03N

/09W/

W

Meridian

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Permalink Reply by Wap on September 5, 2018 at 16:40

Thanks skip. I will see what else I can find out.

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Permalink Reply by Skip Peel - Mineral Consultant on September 6, 2018 at 2:03

Suggest you join the Austin Chalk group and read this discussion.  If you click on the link in the discussion title you will see the area included in this unit application.

https://gohaynesvilleshale.com/group/austinchalk/forum/topics/oliph...

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Permalink Reply by Bob Zimmerman on September 6, 2018 at 6:06

No one is going to throw good money after bad drilling the chalk in those two parishes. The target has always been to use chalk wells to tie up the leaseholds in  perpetuity for the deeper Tuscaloosa gas formation. 'Course, that didn't work out so well. The chalk wells often came up dry or almost dry even before prescription had run.

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Permalink Reply by Skip Peel - Mineral Consultant on September 6, 2018 at 6:12

Generally an accurate assessment, BZ, however the EOG matrix approach does not depend on intersecting natural fracture networks.  That was the "old" play as you describe.  The "new" play appears to intentionally avoid highly fractured areas.

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Permalink Reply by Thomas Maglone on September 6, 2018 at 6:54

What two Parishes ?

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Permalink Reply by Skip Peel - Mineral Consultant on September 6, 2018 at 7:00

Vernon and Beauregard.

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Permalink Reply by Skip Peel - Mineral Consultant on September 7, 2018 at 15:00

There is now a Vernon Parish Group.

https://gohaynesvilleshale.com/group/vernon-parish

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Permalink Reply by FTW on January 2, 2019 at 20:27

Looks like Prize Explorations has pulled a well permit on the Hawthorne Field in December 2018 outside of Leesville, LA in Vernon Parish.

I heard they plan to begin "production" in a week or so?

Landman giving everyone last offer to sign by end of this week?

Well serial number251471

Field ID/4440  Well Name MAUR H1

Operator/P5983

036

03N

09W

W

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Permalink Reply by Rock Man on January 2, 2019 at 20:40

Starting "production" probably means commencing drilling operations or location construction. Permit info attached - directional well with a 12,250' TVD that is being drilled to a BHL that is about one mile north of the surface location.

Prize%20Permit.pdf

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