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Southwestern Appalachian Mega Frac Outperforming Type Curve
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Southwestern reported its Q3 2017 results. Highlights from its call / release include:
$320MM spent in Q3 Completed 36 wells in Q3 (18 SW Appalachia / 15 NE Appalachia / 3 Fayetteville) Total net production of 232 Bcfe - up 10% YOYAppalachia Production Record: gross exit production rate of almost 2.4 bcfe/d, up +40% YOY
Well Economics: NE Appalachia: Q3 wells averaged 8,093' laterals and had an average cost of $7.2 million per well SW Appalachia: Q3 wells averaged 6,958' laterals and had an average cost of $6.7 million per well. Southwestern is looking to increase to 9,000' laterals in the future. SW Appalachia - Record Drill Time / Gen2 Completions
Achieved record drilling times, drilling over 6,200 feet in a 24-hour period while drilling 100% in our 10-foot to 15-foot…
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