Replies to This Discussion

Permalink Reply by Joe Aldridge on April 3, 2014 at 2:35

Hydro,

There maybe or may not be a problem with Midstates and the shakeup in management. I'm really not sure what's going on with them or how to interpret it at this point. I heard about 6 weeks ago that Midstates was dropping all of their leases in Louisiana. That was by the grapevine. I have no other info. and that was before the firing. So some on the B of D may have had an issue with that. At this point it will be interesting to see what happens with their activity in the area. They have a few leases in the Plains area Northwest of Zachary. The problem has been they have not added any acreage to that since they leased and formed an AC unit two years ago.

Permalink Reply by John Matherne on April 10, 2014 at 5:54

Report on Austin Chalk Production of 105 wells thru 01/01/2014

Based on target cost these wells have returned 302% on well investment.

Sounds like there are more areas of the Austin Chalk to produce that are not being explored, YET!

Attachments:

• AUSTIN CHALK ONG_WELLS_NAME.pdf, 55 KB

Permalink Reply by Joe Aldridge on April 10, 2014 at 6:07

Thanks John,

Had no idea what the return is or was. I agree that we are just not being explored. We are in a great position along the shelf for chalk production. Just don't know why these companies are not using the best techniques to complete and produce the AC.

Permalink Reply by John Matherne on April 10, 2014 at 6:14

Most of these wells were done 10-15 years ago. With todays technology they could be even better today.

Permalink Reply by John Matherne on April 10, 2014 at 6:13

Report by Parish

The more wells drilled increases the return. Kind of like figuring it out.

Attachments:

• AUSTIN CHALK ONG_WELLS_NAME by Parish.pdf, 34 KB

Permalink Reply by david crocket on April 10, 2014 at 15:21

great chart

Permalink Reply by William C. Morrison on April 10, 2014 at 6:25

I suppose there are a couple of issues.  One is the technique for extraction.  Does not look like anyone has figured that out yet.  The other is that other plays are heating up like the TMS.

It is quite possible that Pointe Coupee could do well in Austin Chalk and TMS as well as it has in the past done with Tuscaloosa Trend and not to mention older fields like Livonia and Frisco

I am assuming 3d Seismic is just not up to speed yet at the depths we need it to be.

When the price of gas trips up again, activity will blossom.  But until them, it is all watch the other guys do their stuff.

Permalink Reply by John Matherne on April 15, 2014 at 6:37

Report on St Landry Parish AC production. Looks like the Austin Chalk is the TMS step child. Making money though!!!

 

 

Attachments:

• AUSTIN CHALK ONG_WELLS_NAME ST LANDRY.pdf, 39 KB
• St Landry AC Wells.pdf, 146 KB

Permalink Reply by John Matherne on April 16, 2014 at 3:13

The best AC well producing thru 1/2014 and its dual lateral design.

Attachments:

• Well 221101 Temple 22 Historic AC best well design results thru 01-2014.pdf, 38 KB
• Well 221101 Temple 22 Historic AC best well design.pdf, 198 KB

Permalink Reply by John Matherne on April 17, 2014 at 9:34

I pulled data on AC wells that are currently not in production. Here is a report on how those wells did in Pointe Coupee. 3 out of 7 did well and the overall average of the 7 wells still represent a 296% return on investment.

 

 

Permalink Reply by John Matherne on April 17, 2014 at 10:34

Data file and Austin Chalk well map locations

Attachments:

• PC AUS Not producing ONG_WELLS_NAME.pdf, 40 KB
• Pointe Coupee Wells.pdf, 289 KB

Permalink Reply by William C. Morrison on May 5, 2014 at 3:36

Looking at your map, I think I count eight wells not seven wells in Pointe Coupee.  It looks like one in the southwest is the winner in production of both gas and oil.  That well seems to be down the Edwards shelf a bit.  Am I right?

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