Sugarloaf Gas and Condensate Project >> Sugarkane Gas & Condensate Field Overview
The Sugarkane Field is a new Eagle Ford Shale & Austin Chalk field development of substantial size covering an identified area of in excess of 200,000 acres and is proving to have high gas and condensate production.
The field is split into 5 separate Areas of Mutual Interest (“AMIs”) and Eureka participates in the centrally located Sugarloaf AMI.
The field consists of two different rock types, called the Austin Chalk and the Eagle Ford shale, that are vertically adjacent and form a single continuous reservoir.
The Austin Chalk is a well established play type and the Sugarkane field is an over pressured extension to the south of the traditional trend and in its self represents a commercially viable proposition. The hydrocarbons found in the Austin Chalk are generated in the Eagle Ford shale, which is known as the source rock for the chalk.
Over the last ten years and particularly in the USA, some of the source rocks have become viable reservoirs in their own right as technology and commodity prices have evolved.
In the last 24 months, successful exploration and appraisal activities have established the Eagle Ford shale as one of the most sought after ‘unconventional’ hydrocarbon resource plays in the USA.
The Sugarkane Field sits in the middle of this newly emerging trend and has demonstrable production from the Eagle Ford Shale which sits directly below the Austin Chalk.