2018 Austin Chalk Vernon/Rapides Parish



Started August 19, 2018 at 09:45 am by @christiej2020 in Austin Chalk

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christiej2020
08/19/18 09:45:51AM
@christiej2020



Have some inherited property in Vernon Parish. Not a lot of land but some.

Got a call this week from a landman with McGinty-Durham wanting me to sign a lease (Austin Chalk). He said it is a new horizintal drilling method being used in Texas with the austin chalk that has proved to be doing well.

He said a landowner up the road has leased, his land  been cleared and fences were started going up around site this week. I am holding out on signing until, I do my research and have a better grasp of the procces involved.
I am having a hard time finding info on any type of projections for this "new revival" of the Austin Chalk play. I guess it is way too early in the game to find the info.
I am in the learning phase and ANY suggestions or advice that could be given would be greatly appreciated. 

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