January 6, 2017: contributor bullish on EOG's play in the Austin Chalk in the Eagle Ford. If that link breaks, the summary is noted here.
December 14, 2016: minor comments from a contributor over at SeekingAlpha on Austin Chalk and COP.
July 10, 2016: Pantheon Resources has permission to frack VOS #1, Tyler county, onshore East Texas.
May 7, 2016: EOG 1Q16 conference call; new play for EOG. Big story.
The Austin Chalk
Chalk vs limestone, a meandering note.
To the best of my knowledge, the first time I mentioned the Austin Chalk on the blog was a couple weeks ago with regard to the recent 1Q16 EOG earnings conference call.
The tea leaves suggest that this will be an important play. I have it linked at the list of other formations at the sidebar at the right.
Some data points from the "Austin Chalk" summary provided by oilandshalegas.com.
- it overlies (is above) the Eagle Ford in south Texas
- geographically, 300 in length by 30 miles wide (compared to the Three Forks in North Dakota which might be 150 miles by 100 miles)
- ranges in thickness fro 3 feet to 60 feet (very similar to the middle Bakken or Three Forks on the thinner end of the scale)
- average targeted depth is around 5,500 feet compared to around 9,000 feet for the middle Bakken and slightly deeper for the Three Forks