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Devenbaker
LSU Fan
Baton Rouge
Member since Aug 2007
135 posts

Austin Chalk Updates?
Anyone know how the development is going in the Austin Chalk? I know Conoco has been drilling that one well for quite some time and I believe filed a permit for an additional well. I had Marathon was making some infrastructure investments about 18 months ago, but otherwise it has been quiet. Anyone know how Conoco’s well is producing? Any news from other companies? Was hoping for this work out for South Louisiana.


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
13828 posts

re: Austin Chalk Updates?
quote:

I know Conoco has been drilling that one well for quite some time and I believe filed a permit for an additional well.
Is this what you're referring too?? ST. FRANCISVILLE, La

I'm especially disappointed at the dearth of activity after all the early hoopla and tons of money being thrown at huge 3D initiatives by EOG, especially in the Avoyelles/St. Landry area.

EOG holds community meeting in Bunkie about seismic testing schedule

3D Outline Map - Avoyelles, Evangeline & St. Landry Parish, Louisiana
This post was edited on 5/2 at 10:32 am


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tigerfanatic61
LSU Fan
Lafayette, LA
Member since Nov 2012
43 posts

re: Austin Chalk Updates?
I also work on the service side and visit Conoco locations. Madtown is correct from what I've been told. Conoco is finishing up well in St. Francisville, moving 50 some-odd miles to East towards Clinton and drilling last of 4 wells. Completions to follow & then lay back and gather data.

All indications thus far have pointed toward "we plan to be here a while" -verbatim from Conoco Drilling Mgr.

Seems like a lot of the investment and excitement (on the service side) have died down as some investment backed service companies who opened up shop are beginning to close/ layoff. My own opinion is the Austin Chalk will be successful, but will takes years to develop with an underwhelming number of rigs running at any given time due to drastic increase in drilling efficiencies over the past few years.

There are also a handful of additional companies whom will become active soon in the area. ex. Petroquest.


thegreatboudini
McNeese State Fan
Member since Oct 2008
4157 posts

re: Austin Chalk Updates?
quote:

My own opinion is the Austin Chalk will be successful


How did you feel about the TMS?

quote:

Petroquest


Will be lucky to make it to 2020 with that balance sheet.


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cajunandy
LSU Fan
New Orleans
Member since Nov 2015
395 posts
 Online 

re: Austin Chalk Updates?
does not appear to be too much going on

DNR-SONRIS

click on the well information tab then either by parish or company.
ConocoPhillips has 2 drilling permits for 2019 and 3 for 2018


Devenbaker
LSU Fan
Baton Rouge
Member since Aug 2007
135 posts

re: Austin Chalk Updates?
I looked at SONRIS, and I saw the production on one of the Conoco wells was 60 barrels a day. I was expecting closer to 1000 a day. I am guessing the well is still being developed? Going to be hard to recoup those drilling costs on 60 barrels a day.


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
13828 posts

re: Austin Chalk Updates?
quote:

I looked at SONRIS, and I saw the production on one of the Conoco wells was 60 barrels a day. I was expecting closer to 1000 a day. I am guessing the well is still being developed? Going to be hard to recoup those drilling costs on 60 barrels a day.
The production graph of a typical AC well is not unlike that of a Tiger Woods pitching wedge.


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TigerV
Member since Feb 2007
1427 posts

re: Austin Chalk Updates?
I have looked at the chalk for two different companies and came to the same conclusion. Economics will be hard to get into place for it to be viable for long. There will always be a few good wells mixed in the mostly poor well. They make a ton of water and managing that water is too cost prohibitive. That coupled with poor wells intermixed is very bad. Sorry, as a Baton Rouge native I wanted to be able to work the play in my home state, but that just isn’t so.

Hope I am proven wrong by EOG, Marathon, and others.


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MadtownTiger
LSU Fan
Baton Rouge
Member since Sep 2010
3422 posts
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re: Austin Chalk Updates?
(no message)
This post was edited on 5/21 at 5:23 pm


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TigerDog83
LSU Fan
Member since Oct 2005
6691 posts

re: Austin Chalk Updates?
As of now it’s uncertain what their first well is doing. They clearly ip’d the well within a few hours of flowback with the large water volumes. I heard rumors from a guy who is doing work for cop that it had cleaned up to 1800 bopd but as is usual in this business it’s strictly a rumor until real production numbers hit sonris. Eog is going Updip with their ironwood well like others have mentioned. Word is marathon ran into high pressure in the curve landing their lateral and were worried the pressure was higher than the intermediate string was rated for. Supposedly a vintage 90’s chalk blowout occurred in the area nearby. Believe they are drilling the second well pretty close by.
This post was edited on 5/5 at 9:15 pm


tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
13828 posts

re: Austin Chalk Updates?
May 09, 2019

"The map below depicts the current drilling activity in the Louisiana Austin Chalk Play. The ConocoPhillips McKowen #1 is back online after tubing was installed. We hope for some good production results once the frac water has been produced. The Hebert #1 frac job was completed last week. The well should be flowing back now. The Erwin #1 is drilling in the lateral.
May 17-25 is the anticipated spud date for the EOG Ironwood 37H-1. Having two rigs drilling side-by-side in the core of the LAMS Stack Play will be nice. Two great operators is a good thing."





tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
13828 posts

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hubertcumberdale
LSU Fan
Member since Nov 2009
902 posts
 Online 

re: Austin Chalk Updates?
quote:

Hearing CoP is excited about La AC...what are you hearing about McKowen production?


They have only flowed back the well and have not released current production numbers. Very interested to see the first full month when they come out on SONRIS. Any baws have any inside info?


MAEFIELD
LSU Fan
Member since Jan 2018
44 posts

re: Austin Chalk Updates?
Given recent news of expanded exploration(CoP + EOG), suspect the royalty market will heat up


hubertcumberdale
LSU Fan
Member since Nov 2009
902 posts
 Online 

re: Austin Chalk Updates?
quote:

Given recent news of expanded exploration(CoP + EOG), suspect the royalty market will heat up


You can absolutely bet on that...prior to this news coming out, I was hearing sellers asking for ~$3,500/acre around East Feliciana, I imagine that number is only increasing, esp when IPs and a few months of production become available and the area is delineated. Very exciting times


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