Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Southwestern Details Marcellus, Fayetteville Laterals, Well Costs
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New Wells - 1Q 2014
In the first quarter of 2014, Southwestern placed 21 new wells on production in the Marcellus Shale resulting in net gas production from the Marcellus Shale of 58.0 Bcf, up 147% from 23.5 Bcf in the first quarter of 2013.
In the first quarter of 2014, Southwestern placed 105 new wells on production in the Fayetteville Shale resulting in net gas production from the Fayetteville Shale of 119.4 Bcf in the first quarter of 2014, compared to 118.9 Bcf in the first quarter of 2013. Marcellus ShaleGross operated production in the Marcellus Shale was approximately 823 MMcf per day at March 31, 2014.
As of March 31, 2014, Southwestern had 193 operated wells on production and 91 wells in progress. Of the operated wells on production, 192 were horizontal wells of which 93 were…
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