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.
PayRock Energy retained BMO Capital Markets for the sale of South Texas Eagle Ford assets located in La Salle, McMullen and Dimmit counties.
Peri Petroleum retained EnergyNet for the sale of operated Austin Chalk assets across four East Texas counties through a sealed-bid offering closing Aug. 28.