Thursday, November 9, 2017

EOG Provides Update on 3D Shoot

The Avoyelles Today website provided details on a meeting EOG held in Bunkie regarding their 3D seismic acquisition plans.
Key points to note:

  • the survey is confirmed to be 270 square miles.  That is a large survey.
  • They've expanded the survey to include some lands in Evangeline Parish.
  • Dawson Geophysical will be the contractor performing the acquisition.
  • The acquisition has commenced and completion is estimated to be July, 2018.
The article:

The fact that EOG is investing in such a large survey is very positive.  It indicates their belief in the play and that they plan to be in the area for some time. As stated in a prior post, they likely will drill 4-6 wells across their acreage block in parallel with the shoot. Once the shoot is complete, processed, and interpreted, they can incorporate data from their new wells.
Stay tuned.

Tuesday, November 7, 2017

EOG Eagles Ranch 14H-1 - New Tests

Some additional tests have been released on SONRIS for the Eagles Ranch well. All three tests display quite a range in rates for oil, gas, and water.  The obvious question is, "which one should I believe?".  Not to "beat a dead horse", but the initial tests aren't that significant.....unless you're a "flipper" that just outbid competitors on some hot acreage.  If you have to have a number, I would recommend averaging the three. Note the choke size on each. 

The consistencies to note are the GOR and water/oil ratio.  The water might alarm some, but note in my second table the cumulative production for the Austin Chalk fields on trend to the west.  The ratio in the Eagles Ranch is lower than all five fields. 

Wednesday, November 1, 2017

Amelia Resources Opens Office In St. Francisville

Amelia Resources LLC opened an office in St. Francisville, Louisiana today. The company is actively acquiring acreage in the Austin Chalk trend.

Landowners interested in obtaining a lease should contact the company.