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SES - PetroQuest testing Austin Chalk, improving in Cotton Valley - July 18, 2019
PetroQuest Energy exited bankruptcy in February and is now focusing its operations on its East Texas Cotton Valley and Louisiana Austin Chalk positions. The company has 620 gross Cotton Valley locations suitable for 7,500-ft laterals remaining and potential for the Austin Chalk on 21,000 net acres. The company’s current strategy is to test the Austin Chalk and unbooked Cotton Valley benches as well as drive costs down and improve recoveries. In the Austin Chalk, PetroQuest is drilling its first vertical core......
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