Western Louisiana’s Austin Chalk has produced some legendary fields, particularly Masters Creek, West Masters Creek and Sugartown. Combined, they’ve made 34 million barrels (MMbbl) of oil and 148 billion cubic feet (Bcf) of gas.
The eastern side of the Louisiana Chalk, though, has received little affection over the decades, particularly as operators sought underlying gas pay from the Tuscaloosa sands and ignored the fickle, fractured Chalk.
Spurring excitement now for the far eastern Chalk fairway that stretches from South Texas to Mississippi is that oil and gas heavyweights EOG Resources Inc. and ConocoPhillips Co. may be writing a new chapter in this Chalk story.
Smaller-budget leaseholders in the eastern Louisiana Chalk have been hoping to go to school on what these bigger-balance-sheet explorers find—and what completion recipe they use in surfacing the bounty.
But it’s been a long two years since news of EOG’s Eagles Ranch 14H well ignited fascination with the eastern potential.