Austin Chalk – Oil & Gas 360

Exclusive: Verdun Oil at EnerCom Denver-The Energy Investment Conference 2024

August 29, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Verdun is a privately-held oil & gas company primarily focused on the Eagle Ford shale and Austin Chalk trends in South Texas. Verdun was formed with equity commitments from management and

Drilling Down: Equinor Prepares to Tackle new Eagle Ford Shale Projects

November 30, 2018

From Houston Chronicle Norwegian oil giant Equinor will soon be returning to the Eagle Ford Shale of South Texas for a new round of drilling. The exploration and production company has filed for its first new drilling permits in more than six months, seeking permission from the Railroad Commission of Texas to develop three horizontal wells on its South

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

November 2, 2018

EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today. Highlights from the Q3 Results include: Raised 2018 Capex Guidance Range to $5.8-$6.0 billion. Third quarter 2018 net income of $1.2 billion, or $2.05 per share. Q3 operating revenues/other of $4.8 billion. To read the complete earnings release, please refer to this link. Heard on the call Chairman

WildHorse Bolts on 20,000 Acres

September 21, 2018

Eagle Ford footprint approaches 430,000 acres WildHorse Resource Development Corporation (ticker: WRD), an independent oil and natural gas company based in Houston TX, announced yesterday it closed on two separate purchase and sale agreements. The combined total acreage is 20,305 net acres in the Eagle Ford and Austin Chalk plays, with other intervals. Production is 39 Boe/d across Burleson, Brazos,

Louisiana’s Energy Industries Employ 45,000, Pay $4.3 Billion in Wages: Report

April 16, 2018

From The Advocate Despite hard times in Louisiana’s oil patch that have caused thousands of layoffs, the state’s energy industry continues to be a significant source of high-paying jobs for tens of thousands of people in almost every corner of the state, according to an economic study paid for by an industry trade association. Last year, oil and gas production in Louisiana

Closed and Closed: WildHorse, WPX Divest Assets

April 2, 2018

WPX Energy (ticker: WPX) has closed the San Juan Basin oil play sale to Enduring Resources IV, LLC for $700 million. A significant portion of the proceeds are slated for debt reduction, WPX said, and the company now believes it can reduce its net debt/EBITDAX to a target level of 1.5x during 2019. The transaction completes WPX’s exit from operations

PetroQuest Energy to Present at EnerCom Dallas 2018

January 23, 2018

EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. The company is headquartered in Lafayette, Louisiana. Central Louisiana Austin Chalk acquisition The company recently entered the Central Louisiana Austin

Eagle Ford Developer WildHorse Scores 28% Higher Production, Brings in 2,387 BOEPD Austin Chalk Well

August 10, 2017

41 Gen 3 wells on line in the Eagle Ford In its Q2, 2017 earnings call WildHorse Resource Development (ticker: WRD) reported second quarter production of approximately 22,600 BOEPD—which was 28% higher than its average production in Q1, 2017. It achieved a net income of $25.9 million, or $0.28 per share. Drilling activity During the course of Q2, the company

Sanchez Energy: Costs Wane while Production Gains

March 26, 2014

Sanchez Energy Corporation (ticker: SN) is a growth-oriented independent exploration and production company focused on the exploration, acquisition, and development of oil resources in the onshore U.S. Gulf Coast with a current focus on the liquids-rich Eagle Ford Shale, Austin Chalk and Tuscaloosa Marine Shale (TMS). SN is currently producing 19.5 MBOEPD, coming in on the high side of its

Reasons Aurora Oil & Gas is Confident about the Eagle Ford Shale

October 22, 2013

Aurora Oil & Gas Limited (tickers: AEF and AUT) is a Perth- and Houston-based oil and liquids company with operations in the Eagle Ford Shale trend of South Texas. Aurora has 88,800 gross (22,000 net) acres in the “tri-county” area of Karnes, Live Oak and Atascosa Counties, Texas. Many U.S. investors may not know Aurora was a very early entrant

Aurora Oil & Gas Limited: Pure Play Eagle Ford Producer Makes Strategic Acquisition

March 1, 2013

Aurora Oil & Gas Limited (tickers: AEF and AUT) is a Perth and Houston-based oil and liquids company with operations solely in the Eagle Ford shale of South Texas. At year-end 2012, the company exited the year producing approximately 13,850 net BOEPD. The company has 77,000 gross (19,100 net) acres in the “tri-County” area of Karnes, Live Oak and Atascosa.

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