Southwestern places 106 operated wells in Fayetteville shale in 1Q10

Southwestern Energy Co., the first company to drill and produce natural gas from the Fayetteville shale and the largest gas producer in the play (gross operated production of nearly 1,330 MMcf/d as of April 25, 2010), placed a total of 106 operated horizontal wells on production in the play, in the first quarter of 2010.

During this time, the company’s horizontal wells had an average completed well cost of $2.8 million per well, average horizontal lateral length of 4,348 feet and average time to drill to total depth of 12 days from re-entry to re-entry. This compares to an average completed well cost of $3.0 million per well, average horizontal lateral length of 4,303 feet and average time to drill to total depth of 12 days from re-entry to re-entry in 4Q09.

The company’s wells placed on production during the first quarter of 2010 averaged initial production rates of 3,197 Mcf per day, down 14% from average initial production rates of 3,727 Mcf per day in the fourth quarter of 2009.

The company has 24 drilling rigs running in its Fayetteville Shale play area, 16 that are capable of drilling horizontal wells and 8 smaller rigs that are used to drill the vertical portion of the wells.

At April 25, 2010, the company’s midstream segment was gathering approximately 1,473 MMcf per day through 1,217 miles of gathering lines in the Fayetteville Shale play area.

For the remainder of 2010, Southwestern plans to invest roughly $1.5 billion the Fayetteville, which includes participating in approximately 650 to 680 gross wells, 475 to 500 of which are planned to be company-operated.

Related Articles

Southwestern Energy enters Niobrara play

03/06/2014 Southwestern Energy Co., through its wholly owned subsidiary Southwestern Energy Production Co., has signed an agreement to purchase 312,000 net acres in northwest Colorado targeting crude oil...

Fayetteville inventory update

01/20/2014

The Fayetteville shale is located on the Arkansas side of the Arkoma Basin and cuts a swath through the north-central part of the state east to the Mississippi River.

Southwestern Energy names Ale general counsel

11/13/2013

Southwestern Energy Company has appointed John C. Ale as senior vice president, general counsel and corporate secretary effective November 11, 2013.

SWN Restoring Archey Fork

08/05/2013 A groundbreaking ceremony was held June 28 in Clinton, Arkansas, marking the beginning of the Archey Fork restoration project led by The Nature Conservancy of Arkansas (TNC) whose mission is to con...

Southwestern Energy closes acquisition of Marcellus shale properties

06/25/2013

Southwestern Energy Co. has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus shale play in Pennsylvania.

More Oil & Gas Financial Articles

Southwestern Energy enters Niobrara play

Thu, Mar 6, 2014

Southwestern Energy Co., through its wholly owned subsidiary Southwestern Energy Production Co., has signed an agreement to purchase 312,000 net acres in northwest Colorado targeting crude oil, natural gas liquids, and natural gas contained in the Niobrara formation from Quicksilver Resources Inc. and SWEPI LP, a wholly owned subsidiary of Royal Dutch Shell plc for $180 million.

Fayetteville inventory update

Mon, Jan 20, 2014

The Fayetteville shale is located on the Arkansas side of the Arkoma Basin and cuts a swath through the north-central part of the state east to the Mississippi River.

Southwestern Energy names Ale general counsel

Wed, Nov 13, 2013

Southwestern Energy Company has appointed John C. Ale as senior vice president, general counsel and corporate secretary effective November 11, 2013.

SWN Restoring Archey Fork

Mon, Aug 5, 2013

A groundbreaking ceremony was held June 28 in Clinton, Arkansas, marking the beginning of the Archey Fork restoration project led by The Nature Conservancy of Arkansas (TNC) whose mission is to conserve and restore the lands and waters of Arkansas for the benefit of people in the Fayetteville Shale area and beyond.

Southwestern Energy closes acquisition of Marcellus shale properties

Tue, Jun 25, 2013

Southwestern Energy Co. has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus shale play in Pennsylvania.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ