oil & gas assets
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SES - Conoco seeks upside as Louisiana Austin Chalk disappoints - August 29, 2019



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As major US shale players have built up positions in the Louisiana Austin Chalk, the industry has eagerly awaited operators’ first results. ConocoPhillips gave an update on its operations during its Q2 earnings call, and the news wasn’t good. The company has flow tested three of its initial four wells in the play, and watercuts are much higher than expected at ~90%. CEO Matthew Fox called the results “disappointing.” He elaborated that “the oil......
 
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