SPE Business Development- The Austin Chalk Revival
As a top-25 oil and natural gas producer, EnerVest is ahead of the curve when it comes to new technologies, horizontal drilling, and emerging shale plays. Combined with an exceptional team of reservoir and production engineers and geoscientists, EnerVest has the tools to dominate the basins and plays they operate in.
For example, EnerVest first acquired assets in the Austin Chalk in 2007 and is now the largest operator in the Giddings Field. They operate over 1,100 wells and control approximately 850,000 gross acres. They reinforced their confidence in the play with several subsequent acquisitions. This includes significant 2016 acquisitions in Karnes County, totaling an estimated value of $1.3 billion! Recent Austin Chalk producers in Karnes County are showing a tremendous response to move modern high density stimulations. This could fuel resurgence in the Chalk over a much broader area, including more traditional fields such as Giddings. Though much more work is needed, this technology could expand the Chalk concept beyond the traditional fractured Chalk production model.
Please join us as Tony Maranto provides an update on EnerVest’ s Austin Chalk initiatives and how they’ll continue to use the lessons learned from other basins to create an Austin Chalk Revival!
The Business & Social Networking hour followed by an hour long program including a Q&A session, will begin at 5:00 pm in the Mezzanine.
*SEASON PASS HOLDERS: You do not need to register for this event, as your Season Pass has automatically registered you for all 2016 – 2017 Business Development events. Thank you for being a Season Pass Holder!
Mark your calendar for the remainder of the 2016 -2017 Season:
February 22, 2017
March 29, 2017
April 26, 2017
May 24, 2017
June 28, 2017
1300 Lamar St
Houston , TX 77010