EOG Resource's first well in the Louisiana section of the Austin Chalk produced at a rate of 1,120 barrels of oil and 1.16 million cubic cubic feet of natural gas over a 24-hour period.
Kirk Barrell, president of New Orleans-based Amelia Resources, said the initial potential numbers from the Avoyelles Parish well aren't that important.
Louisiana allows well operators "a lot of leeway" when it comes to determining them, Barrell said in his Tuscaloosa Trend blog. The production rate, gas-to-oil ratio, pressure and amount of water produced in six to 12 months is much more important.
Exploration in Louisiana's section of the oil-rich Austin Chalk has been nonexistent for 20 years. But recently EOG has leased more than 130,000 acres in Avoyelles, St. Landry and Pointe Coupee parishes. EOG's first Avoyelles Parish well, known as Eagles Ranch 14H-1, was drilled to 16,700 feet deep with a horizontal section a little over 5,000 feet long.
EOG Resources has quietly leased more than 130,000 acres in Avoyelles, St. Landry and Pointe…
EOG began the Louisiana drilling program after a successful foray in the Texas portion of the Chalk. During the first half of 2017, EOG completed 14 wells in the Texas portion of the Austin Chalk. The 30-day initial production rates for those wells averaged the equivalent of more than 2,600 barrels of oil.