Scuttlebutt from my old contacts in the Texas Oil Patch are that Concho, Williams, EOG and other upstream companies known for technological innovation are quietly buying up acreage leases in the Austin Chalk.
It seems there may be a new technology breakthrough that hasn't hit mainstream media yet. If there is a new way to revitalize the Chalk, Texas and LA output could soar yet again. There could be a huge amount of upside as the Chalk has lots of idle to semi-idled midstream infrastructure that the Permian is lacking. Drilling would be unconstrained for possibly years.
Any insiders here have the scoop?