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

Rextag

Since 2020, Austin Chalk gas output has nearly tripled to 1.8 Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Magnolia Oil & Gas: All Eyes on Giddings Magnolia has committed heavily to its Giddings Field assets, which are centered in the Austin Chalk.

Gas 52
article thumbnail

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

Rextag

Since 2020, Austin Chalk gas output has nearly tripled to 1.8 Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Magnolia Oil & Gas: All Eyes on Giddings Magnolia has committed heavily to its Giddings Field assets, which are centered in the Austin Chalk.

Gas 40