The interest, anxiety, and expectations regarding the initial potential of the ConocoPhillips McKowen #1 are very high.
I call the new Austin Chalk play across Texas, Louisiana, and Mississippi "Austin Chalk 3.0". Austin Chalk 1.0 was drilling vertical wells in search of natural fractures. Austin Chalk 2.0 was drilling horizontal wells across areas of known vertical fractures. Austin Chalk 3.0 is targeting thick, saturated rock with higher matrix porosity. For this reason, one can "wipe the map clean" of all prior Austin Chalk producers. More importantly, one might stay away from areas with good naturally-fractured production. A large proppant hydraulic fracturing job on produced fractures is likely to produce significant water. To date in Louisiana, we only have one Austin Chalk 3.0 completion, the EOG Eagles Ranch 14H-1 in Avoyelles Parish.
Austin Chalk 3.0 has been very active over the past year in the southwestern corner of Giddings Field. The focus area is where the Austin Chalk historically didn't produce well. It also is an area exhibiting higher porosities.
The chart below illustrates results from the top 21 wells in southwestern Giddings Field. It compares the initial potential on a BOEPD basis for 1000' of perforated interval. The best results range from 300-540 boepd/1000'. The EOG Eagles Ranch 14H-1 produced 309 boepd/1000'. This chart will be updated once the McKowen #1 results are known.
Wednesday, February 20, 2019
Monday, February 11, 2019
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NEW ORLEANS--(BUSINESS WIRE)--Amelia Resources LLC announces the offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit.
“EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. With comparable rock properties to the successful Austin Chalk completions in Texas, our acreage package presents the opportunity for a new entrant to obtain a leadership position in the play.”Tweet this
Amelia Resources announced today that it will be offering 400,000 net acres for sale in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit in Houston, Texas, February 13.
Amelia's President, Kirk Barrell, said, "EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. With comparable rock properties to the successful Austin Chalk completions in Texas, our acreage package presents the opportunity for a new entrant to obtain a leadership position in the play.”
With 28 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, Wilcox, Frio, and Lower Cretaceous.
Barrell stated, "As a thick source rock across the Tuscaloosa Trend, the Austin Chalk presents a large hydrocarbon resource occurring only 800’ above the Tuscaloosa Marine Shale (TMS). With a new TMS initial test of 1458 barrels of oil equivalent per day at a cost of $10.3 million, these stacked formations present an excellent opportunity to leverage multiple targets.”
Amelia Resources LLC is a privately held exploration and production company. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast. The company has closed $300 million of transactions in the TMS, Eagle Ford, Permian, Austin Chalk, and Terryville Plays over the past seven years. Amelia was founded in 2003 by Kirk Barrell and has offices in New Orleans and St. Francisville, Louisiana. The company leverages its 33 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the Austin Chalk and TMS projects are provided by the company at: www.tuscaloosatrend.blogspot.com