The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention. Pretty much forgotten since the ‘90s, when shale oil and gas moved to the forefront of the U.S. oil industry, the Austin Chalk has now gotten a new lease on life, it seems. Over the last six months, oil majors including ConocoPhillips, Marathon Oil, and EOG Resources have purchased some 600,000 acres in the chalk formation that runs from the Mexico-Texas border through central Louisiana and into Mississippi. Drilling is set to begin in late 2018. And that’s not all, because drillers are also returning to old fields in the Chalk. Reuters recently reported that an independent player, Wildhorse Resource Development, has started drilling in an old field in the Chalk using technology developed for the shale plays. Though […]