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Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

poised to expand LNG export capacity , interest in gassy basins has surged. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Bcf/d in 2024 to over 26.8 Bcf/d by 2040, according to the EIA.

Gas 52
article thumbnail

Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

poised to expand LNG export capacity , interest in gassy basins has surged. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Bcf/d in 2024 to over 26.8 Bcf/d by 2040, according to the EIA.

Gas 40