Comment

Comment by David Crockett on December 17, 2019 at 10:21am

There was a new well permitted in Vernon parish today 12/16/2019

Comment by Mike Johnson on August 7, 2019 at 11:49am

I know everyone is disappointed with the Conoco results but I personally am not terribly surprised. Of all of their locations, the only one that I might have drilled is the Erwin. I'll be interested to see if it is any better. 

It is my view that the bulk of the "chalk play" in Louisiana is not a true resource play, but rather a series of complex stratigraphic traps. As Mr. Barrell correctly pointed out, the play is for the fracture induced porosity and perm near the base of the section. That said, it naturally follows that commercial "accumulations" are only going to occur where an updip seal is present. 

Note that Conoco appears to have obtained some very high fluid flow rates, indicative of very good permeability, natural and/or induced. That is actually a good thing but they need to be higher in the reservoir. EOG's well should be better. Just my thoughts.

Comment by Mike Johnson on July 24, 2019 at 7:33am

Les,

Just posted...I am new to this forum. I heard that a month or so ago and it does kind of look to me that the interest seems to be shifting northward, especially if the rumor is true.

Comment by Les Miles on July 23, 2019 at 7:29pm

Mike Johnson,

I can’t tell when you asked your question below about EOG leasing in Wilkinson County? Is this an old post or last Thursday? All I see is Thursday without a date. If this is recent news I can ask a large landowner in the area about this rumor. Thanks

Comment by Mike Johnson on July 18, 2019 at 7:35am

I have heard that EOG has been leasing in Mississippi in SE Wilkinson County and SW Amite County across the border from their and Conoco's positions in LA. Has  anyone heard anything about that?

Comment by John M Santamaria on April 15, 2019 at 10:47am

Thank you for your comments which I agree with.  My daddy, who was very wise, once teased me saying I was a dilettante!  He was right and this applies to my expertise on oil and gas.  Like the song said, "you've forgotten more than I'll ever know."  Rock Man and Skip LOL!

Comment by Rock Man on April 15, 2019 at 10:34am

I have to agree with Skip on this, i.e. the La AC is not a major chip in the whole O&G world and it is only a very small piece of a deal like this. In addition to the "shale" impact in areas like the Permian Basin, Anadarko;s natural gas assets in Africa are HUGE for Chevron's LNG plans.

I see the LA AC at best being a "niche" play due to there being a lot of heterogeneity in the target section. But some good areas can still be "discovered" and exploited. Similar to so many ways to the Eagle Ford in Texas - originally thought to be a "blanket" play that has evolved in a patchwork quilt of very good to below average areas (due to subsurface conditions). Really no different from almost any of these "shale plays".

Comment by Skip Peel - Independent Landman on April 15, 2019 at 10:21am

John, I don't think there is one all encompassing answer.  As to the LA Austin Chalk, I don't think much will change as Chevron and Anadarko are not players.  The real question being batted about by the energy pundits is whether the Chevron acquisition will kick off a round of M&A with the other majors.  Even if one of the LA AC players were to be acquired, I wouldn't expect any major change in the exploration of the prospective area.

Comment by John M Santamaria on April 15, 2019 at 10:16am

May be getting "ahead of my skis," Would like opinions about Chevron buying Anadarko.  Could this influence our prospects for the Austin Chalk in Avoyelles?  Also mentioned that they could possibly also buy  EOG.  Although it's primarily considered a shale purchase it seems the prospects of the Chalk compared to the Shale in this area are more lucrative.

Comment by David Crockett on March 7, 2019 at 9:45pm

Sorry I’m not good at posting but seeking alpha has an article on the Austin chalk dated today

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