Exploration & Production | Quarterly / Earnings Reports
Southwestern Energy Encouraged By SmackOver Well Performance
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In the Lower Smackover Brown Dense project located in southern Arkansas and northern Louisiana, the company has drilled ten operated wells in the play area to date, five of which are currently testing or producing, one is waiting on completion and one is drilling. The most recent well placed on production was the company’s Sharp 22-22-1 #1 vertical well in Union Parish, Louisiana, which was drilled to a total vertical depth of 9,776 feet and was completed with 3 stages.
The company is encouraged by initial flow rates from this well which achieved a peak 24-hour production rate of approximately 600 barrels of condensate and 1.3 MMcf of 1,240-Btu gas per
day. After 88 days, the well is currently producing approximately 530 barrels of oil and 1.1 million cubic feet of gas per day on a…
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