The Austin Chalk trend, a legacy conventional play with deep roots in Texas, is on the verge of a revival as bigger hydraulic fracturing jobs and improving oil prices make the formation more economic.
Multiple companies recently announced purchases involving Austin Chalk acreage, with some of the most recent transactions targeting the massive Giddings field in Texas.
TPG Energy, led by former Occidental chief executive Steve Chazen, recently announced it would acquire a large Giddings field position as part of its $2.66
