"I guess they really were halting leases due to budget issues instead of them not being pleased with their results. How are the other wells doing? One was estimated 1800 bpd and the other was around 2100 bpd. Are those still…"
"One rumor was that they spent all of their 2011 budget. Another one is that they were disappointed with the results so far and may be moving out for good. I do know that a landman I spoke to was not authorized to lease anymore land for…"
All things about Austin Chalk in Louisiana: Horizontal drilling, improved seismic testing, and liner casing are offering hope for the deep minerals in the Austin Chalk which runs from Austin, Texas through parts of Louisiana to Biloxi Mississippi.See More
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More