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Operator Touts 1500 Boepd Appraisal Austin Chalk
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During its Q3 2015 Call, Murphy Oil Outlined that the company has begun appraising the Austin Chalk in Karnes County and Dimit County could see similar activity in 2016.
Murphy's Eagle Ford/ South Texas Leasehold Map Karnes CountyStacked Pay Potential Over EFS
• JOG Unit A 1H on Production at 1,500 boepd
• Drilled, Cored & Logged Pilot
• Preliminary Net Resource & Locations
• ~30 MMboe
• ~115 Locations
• Estimated per Well EUR: 450 Mboe
Appraisal in Catarina
• Preliminary Net Resource & Locations
• ~25 MMboe
• ~150 Locations
• Estimated per Well EUR: 200 – 450 Mboe
• Plans for a 2016 Test
The company was a early entrant into the play paying $2,000 per acre and has hedged through the year 15,000 bopd at $63.30 (WTI). Like all of its peers the company has reduced rig count to…
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