AUSTIN CHALK INTEREST SPREADS TO LOUISIANA

摘要

Is it time for Austin Chalk 3.0? Large E&Ps have amassed nearly 600,000 acres in the Louisiana Austin Chalk extension over the last six months where ConocoPhillips Co. and Marathon Oil Corp. are readying permits to start appraisal drilling in late 2018. They are joining EOG Resources Inc., whose Eagles Ranch 14H-1 Avoyelles Parish well sparked interest in the Louisiana Chalk in September 2017. These new entrants gained experience in developing Austin Chalk targets in the Karnes Trough core of the Eagle Ford over the last two years. The question is whether learnings in how to hydraulically fracture matrix oil in a carbonate reservoir will transfer to the Louisiana Chalk.