Wednesday, May 3, 2017

EOG Returns to Louisiana Expanding Their Austin Chalk Exploration Plan

EOG Resources has been making some extraordinary Austin Chalk completions in the Karnes Trough of South Texas. Under their service provider's entity, Sentry Energy Services, LLC, they have filed a Louisiana Austin Chalk permit in North Bayou Jack Field.  On the ground intel indicates that a total of 10 permits have been filed in Avoyelles and St. Landry Parishes.  This first permit will be drilled as a lease well.

In EOG's February 27, 2017 quarterly presentation, they noted their game plan to include "capture new premium plays through organic exploration". This appears to be part of that plan.

The Sentry Energy Services LLC Eagles Ranch 14H-1 has a measured depth planned of 21,900' with a TVD of 16,720'.  In South Texas, the TVD of the completions have ranged from 10,500-12,150'.  The Eagle Ranch well plan represents a signficant increase in depth to drill and complete in. If anyone can succeed at this, it will be EOG Resources.  I consider them to be the best unconventional operator in the U.S.

More details to follow.











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