Exploration & Production | Quarterly / Earnings Reports
Southwestern Energy Continues Fayetteville Development
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For the third quarter of 2013, Southwestern placed a total of 89 operated horizontal wells on production in the Fayetteville Shale. At September 30, 2013, the company's gross operated production rate was approximately 2,030 MMcf per day.
During the third quarter of 2013, the company's horizontal wells had an average horizontal lateral length of 5,490 feet and average time to drill to total depth of 6.5 days from re-entry to re-entry for an average completed well cost of $2.6 million per well. This compares to an average horizontal lateral length of 5,165 feet and average time to drill to total depth of 6.2 days from re-entry to re-entry for an average completed well cost of $2.3 million per well in the second quarter of 2013.
In the third quarter of 2013, the company had 33 operated…
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