mudbug
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Is EOG selling out of the Louisiana Austin Chalk
83 Replies

Started this discussion. Last reply by David Crockett Dec 12.

 

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David Crockett replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"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"
Dec 12
littleasy replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"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…"
Dec 12
littleasy replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"Skip, by big picture, I meant O&G. I'm a research scientist with an interest in geology. Obviously not all areas will be equal in terms of potential production, but I believe given the uncertain geopolitical climate and the changes in US…"
Dec 12
mudbug replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"EOG has spent a lot of lease money, a lot of seismic money, SWD money.  Then shut everything down.  Clock is ticking on leasehold significantly.  No permits.  Strange philosophy to say the least."
Dec 12
Jay replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"Time will tell alright, but the clock is ticking on those leases.   jay"
Dec 12
littleasy replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"Skip, I know you are correct about the big picture. My point about EOG is what analysts say about EOG as a company and their approch. Time will tell when it comes to the LA AC."
Dec 12
littleasy replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"EOG economic model is based on return on investment, not necessarily building production inventory. So, price of oil and costs to drill and market will drive EOG plans. Will be interesting to see COP results in East Feliciana Parish, which is…"
Dec 12
William C. Morrison replied to mudbug's discussion Is EOG selling out of the Louisiana Austin Chalk
"I do not think EOG is going to drill until the price of oil is in the $80 range.  We may see a slight price increase in WTI (and other grades) due to OPEC restraints.  It remains to be seen if the OPEC (read that Russians and Saudi's…"
Dec 12

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