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re: Austin Chalk Updates?

Posted on 6/18/19 at 2:41 pm to
Posted by Devenbaker
Baton Rouge
Member since Aug 2007
291 posts
Posted on 6/18/19 at 2:41 pm to
I saw that Petroquest has pulled a permit for Pointe Coupee Parish.
Posted by TigerV
Member since Feb 2007
2508 posts
Posted on 6/18/19 at 6:13 pm to
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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