June 26, 2020: Millennium PetroCapital Corp. reported Tuesday that it has placed two new Austin Chalk oil wells online in recent weeks in Gonzales County, Texas. Link here.
November 11, 2019: Equinor sells its assets in Eagle Ford. In a statement:
“This transaction supports Equinor’s strategy to optimize our onshore U.S. portfolio, enhancing our financial flexibility and focusing our capital on our core activities in the country,” Torgrim Reitan, Equinor’s executive vice president for Development and Production International, said in a company statement.
“The US is a core area for Equinor, demonstrated by recent acquisitions including assets in the Gulf of Mexico, onshore acreage in the Austin Chalk and the Empire Wind project offshore New York,” he added.June 18, 2018: "Analysts" are suggesting frackers will move to the Austin Chalk next.
April 6, 2018: COP announces acquisition in Austin Chalk.
February 26, 2018: EIA update.
December 7, 2017: EOG produces 675,000 bbls of oil in nine months from one well in the Austin Chalk.
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 miles 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