Austin Chalk

Novi Intelligence puts Crescent in a close race with E.O.G. resources for second place in Eagleford production, behind basin leader ConocoPhillips.

Including production from E.O.G.' 's Austin Chalk-focused Dorado gas play in Webb County gives E.O.G. a slight edge, placing Crescent third.

Crescent is buying assets it knows well, including significant Tier 1 drilling inventory in the Carnes trough, right next to its existing operations.

You might want to take a look at Figure 2 in today's blog, which shows just how closely Crescent's and Devon's assets fit together.

Ooh.

Man, Magnolia's is, they, they're one of the biggest Austin Chalk players in, in the area, and they are really big.

They are great, great company.

They've got a lot of activity.

Yeah, very nice.

In E sand.

Uh, but a lot of exposure to the Austin Chalk, Eagle Ford, and Woodbine formations, which are down in South Texas.

You know, this is really great because you have a lot of different people that, that ...

Anyway, but it, when I come out there, he's trying to teach me how to, how to scout- Wow ...

the Austin Chalk.

Yeah.

And so, I mean, uh, most people that know my uncle, Clayton Williams, uh, associate him with the Austin Chalk.

Uh, he, it, it isn't where he made his first wealth, uh, but it is, it is what kept him going for decades.

And it, it is, it is an elephant.

[laughs] Yeah.

You're like, "Whoa, this thing's connected like pipelines." Yeah.

That's interesting

... wanted to drill the Austin Chalk.

Fascinating.

Yep.

It is not, and I'm literally working on them right now.

I am going to bring a bill to try to incentivize the exploration of the Austin Chalk For people who don't know what that is, that is an enormous oil and gas reserve.

It's literally under our feet over here in western Louisiana.

It cuts basically from the middle of Texas all the way over eastern Louisiana.

It really is.

So I started in the industry in 79, and the first company I worked for, one of the early companies I worked for, was a significant producer, early producer in the Austin Chalk.

And here we are 44 years later.

And the Austin Chalk just keeps going through these periodic revivals.

Now people, again, are drilling just tremendous horizontal wells in the

chalk.

But I was talking to a guy, one of our new engineers, has drilled a lot of wells for Geo Southern, UPRC, all that.

But he said today's world...