{"id":6271,"date":"2021-04-01T15:05:25","date_gmt":"2021-04-01T19:05:25","guid":{"rendered":"http:\/\/transcourt.com\/stage\/?p=6271"},"modified":"2023-04-06T11:37:41","modified_gmt":"2023-04-06T15:37:41","slug":"austin-chalk-play-an-opportunity-for-oil-tank-trailers","status":"publish","type":"post","link":"https:\/\/transcourt.com\/fr\/2021\/04\/austin-chalk-play-an-opportunity-for-oil-tank-trailers\/","title":{"rendered":"Austin Chalk Play an Opportunity for Oil tank trailers"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>Oakville, Ontario &#8211; April 1, 2021,\u00a0Austin Chalk Emerging Play is an Opportunity for Oil tank trailers and oil haulers.\u00a0 For years the Austin Chalk located in the Texas <a href=\"https:\/\/transcourt.com\/fr\/blog\/tank-trailers-are-used-in-the-texas-eagle-ford-to-haul-crude-oil\/\">Eagle Ford<\/a> has seen oil production growth stagnating.\u00a0 Modern high-intensity completions techniques\u00a0have resulted\u00a0in a step-change improvement in oil well performance in the Austin Chalk.\u00a0 The area is now an emerging, high-growth asset with extensive inventory of potential and significant oil wells.\u00a0 \u00a0Crude oil production growth creates a great opportunity for tank trailer operators to haul crude oil.<\/p>\n<p>The Austin Chalk has been producing oil and gas in Texas since at least the early 1920&#8217;s and has cumulative production of 948 million barrels and 5.6 trillion cubic feet of natural gas through the end of 2016.\u00a0 The largest Austin Chalk oil field is the Giddings Field, located in parts of 7 counties,\u00a0with cumulative production of 526 million barrels of oil and 4.7 trillion cubic feet of gas.<\/p>\n<p>The combination of horizontal drilling with the innovation of multi-stage fracture stimulation in horizontal wells created the shale revolution.\u00a0 This is the single largest innovation in the oil and gas industry in at least the last 50 years.\u00a0 Austin Chalk is benefiting for horizontal drilling with the innovation of multi-stage fracture stimulation, operators forecast to produce some 263,000 bopd.\u00a0 Horizontal drilling ahs been a growth engine for tank trailers and crude oil haulers.<\/p>\n<p>Oil tank trailers are used to truck crude oil in the Austin Chalk to existing established pipelines or rail facilities.\u00a0Due to crude oil production growth new pipelines are required.\u00a0 Pipeline construction in the <a href=\"https:\/\/transcourt.com\/fr\/blog\/tank-trailers-are-used-in-the-texas-eagle-ford-to-haul-crude-oil\/\">Eagle Ford<\/a>\/Austin Chalk can take a long time to construct connections at the gathering pipelines resulting in the need for crude oil hauling by tank trailers.<\/p>\n<p>Key Oil &amp; Gas Producers in the Austin Chalk Include<\/p>\n<p>MAGNOLIA OIL &amp; GAS OPERATING LLC &#8211; a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the <a href=\"https:\/\/transcourt.com\/fr\/blog\/tank-trailers-are-used-in-the-texas-eagle-ford-to-haul-crude-oil\/\">Eagle Ford<\/a> Shale and Austin Chalk formations. We create value for our investors by growing our premier asset platform, generating substantial free cash flow, maintaining financial flexibility, and ensuring thoughtful capital allocation.\u00a0<a href=\"https:\/\/www.magnoliaoilgas.com\/\">https:\/\/www.magnoliaoilgas.com\/<\/a><\/p>\n<p>Eog Resources, Inc. &#8211; The <a href=\"https:\/\/transcourt.com\/fr\/blog\/tank-trailers-are-used-in-the-texas-eagle-ford-to-haul-crude-oil\/\">Eagle Ford<\/a> is a world-class crude oil field which has produced in excess of 3.4 billion barrels of crude oil and condensate. With approximately 516,000 of its 579,000 total net acres in the prolific oil window, EOG continues to be the largest crude oil producer in the Eagle Ford with cumulative gross production in excess of 600 MMBbl of crude oil and condensate. In 2019, EOG completed 321 net Eagle Ford wells and 14 net Austin Chalk wells. <a href=\"https:\/\/www.eogresources.com\/\">https:\/\/www.eogresources.com\/<\/a><\/p>\n<p>BPX &#8211; Oil production from the US shale business, known as BPX, has tripled to 127,000 b\/d after the purchase of BHP&#8217;s assets mostly in the <a href=\"https:\/\/transcourt.com\/fr\/blog\/tank-trailers-are-used-in-the-texas-eagle-ford-to-haul-crude-oil\/\">Eagle Ford<\/a> and Permian shale basins.\u00a0 The investment rationale for BP&#8217;s US shale oil and gas assets &#8220;remains strong,&#8221; with expected cost savings set to boost earnings from the business, Auchincloss told analysts on a strategy presentation.\u00a0 <a href=\"https:\/\/www.bp.com\/\">www.bp.com<\/a><\/p>\n<\/div>\n<div><strong>It\u2019s what we know. Just Ask!<\/strong><\/div>\n<p>Source: Patrick Hinds<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oakville, Ontario &#8211; April 1, 2021,\u00a0Austin Chalk Emerging Play is an Opportunity for Oil tank trailers and oil haulers.\u00a0 For years the Austin Chalk&#8230;<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[43,17,62,61,54,52],"class_list":{"0":"post-6271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"tag-crude-oil","8":"tag-tankers","9":"tag-tanktrailers","10":"tag-texas-eagle-ford","11":"tag-trailers","12":"tag-transcourt-inc"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Austin Chalk Play an Opportunity for Oil tank trailers - Transcourt Inc.<\/title>\n<meta name=\"description\" content=\"Austin Chalk Play an Opportunity for Oil tank trailers - Notre mission est d&#039;offrir la meilleure exp\u00e9rience de vente, de location et de financement de remorques-citernes de l&#039;industrie.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transcourt.com\/fr\/2021\/04\/austin-chalk-play-an-opportunity-for-oil-tank-trailers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Chalk Play an Opportunity for Oil tank trailers - Transcourt Inc.\" \/>\n<meta property=\"og:description\" content=\"Austin Chalk Play an Opportunity for Oil tank trailers - Notre mission est d&#039;offrir la meilleure exp\u00e9rience de vente, de location et de financement de remorques-citernes de l&#039;industrie.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transcourt.com\/fr\/2021\/04\/austin-chalk-play-an-opportunity-for-oil-tank-trailers\/\" \/>\n<meta property=\"og:site_name\" content=\"Transcourt Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T19:05:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-06T15:37:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transcourt.com\\\/fr\\\/2021\\\/04\\\/austin-chalk-play-an-opportunity-for-oil-tank-trailers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transcourt.com\\\/fr\\\/2021\\\/04\\\/austin-chalk-play-an-opportunity-for-oil-tank-trailers\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Austin Chalk Play an Opportunity for Oil tank trailers\",\"datePublished\":\"2021-04-01T19:05:25+00:00\",\"dateModified\":\"2023-04-06T15:37:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transcourt.com\\\/fr\\\/2021\\\/04\\\/austin-chalk-play-an-opportunity-for-oil-tank-trailers\\\/\"},\"wordCount\":523,\"publisher\":{\"@id\":\"https:\\\/\\\/transcourt.com\\\/fr\\\/#organization\"},\"keywords\":[\"Crude Oil\",\"tankers\",\"tanktrailers\",\"Texas Eagle Ford\",\"Trailers\",\"Transcourt Inc\"],\"articleSection\":[\"Tank, Truck &amp; 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