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April 2019 Luncheon

Abstract: In the age of Permian dominance, can the Eagle Ford fly high again / Dusting off the Austin Chalk

 

The Eagle Ford Shale play covers an area roughly 50 miles wide and 400 miles long in Texas, with an average thickness of 250 feet, producing both natural gas and oil. In 2010 the number of drilling permits in the play began to rise drastically, and with it the number of active rigs, increasing from about 50 to 300 in less than 2 years, followed by a dramatic drop back down to below 50 rigs after the 2015 commodity price crash. The past 24 months have seen a resurgence of Eagle Ford and Austin Chalk activity. This increase can be attributed to a rise in commodity prices and lower pricing differentials, as well as a lower barrier to entry compared to the Permian and STACK-SCOOP, with favorable geology and reservoir quality in-place.

In this talk, we will review the activity level in the Eagle Ford (TX) and Austin Chalk (TX and LA) over the past few years while considering the future of these plays. In this analysis, we will also discuss rig count, primary operators and A&D activity over the years. At the conclusion we will compare and contrast the economics of the Gulf Coast to the Permian Basin.

In addition to the Eagle Ford/Austin Chalk discussion, Jerry Edington of Petro Divest Advisors will give a short presentation titled “A brief synopsis of the small-cap A&D market”.

 


Bio: Richard BallRBall

Richard Ball is currently Vice President, Detring Energy Advisors. Richard is a Certified Petroleum Geologist who, prior to joining Detring, worked both conventional and unconventional reservoirs with Chevron USA over the course of a ten year career there, including onshore US, Gulf of Mexico Shelf/Deep Water, and West Africa Shelf. Currently, Richard serves the AAPG as General Chair for the 100th Anniversary Annual Convention and a Division of Professional Affairs (DPA) Councilor. Mr. Ball is a proud graduate of Stephen F. Austin State University and the University of Louisiana at Lafayette, where he earned his B.S. (2005) and M.S. (2007), respectively.

 

 

 


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