First Rock Inc. retained Oil & Gas Asset Clearinghouse for the sale of Frio County, Texas assets. The offer includes HBP mineral leasehold and interest in an Austin Chalk well.
Marathon Oil also unveiled a new Delaware Basin oil play with over 60,000 contiguous net acres in Ward and Winkler counties, Texas.
The Austin Chalk of east central Texas has perplexed, enticed and bewitched many into developing it.
The Eagle Ford rig count has been relatively steady compared to other plays through the industry’s frequent commodity price upheavals. Drilling times also continue to improve, said Enverus analyst Bernadette Johnson at DUG Eagle Ford.
ConocoPhillips retained EnergyNet for the sale of a Louisiana Austin Chalk leasehold position through a sealed-bid offering closing Oct. 17.