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re: Austin Chalk Updates?
Posted on 6/18/19 at 2:41 pm to hubertcumberdale
Posted on 6/18/19 at 2:41 pm to hubertcumberdale
I saw that Petroquest has pulled a permit for Pointe Coupee Parish.
Posted on 6/18/19 at 6:13 pm to Devenbaker
I have looked at the Chalk a good bit, being on the subsurface side for a large independent. There is promising results and a lot more negative results. This is not going to be an explosion of activity, but should be slow steady activity for a few years until a sweet spot is determined. I suspect there will be one, but it will be small. A downturn in oil price the next 6-18 months will not help the play as economics are marginal at the moment.
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