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Southwestern Eyes 21% Appalachian Output Growth for 2018; Drilling 15,000' Laterals
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Southwestern Energy reported its Q2 2018 results.
Guidance Raised for 2018; Appalachia Output Jumps- Raising net production guidance to 955 - 970 Bcfe, up from 930 - 965 Bcfe (up +2% at the midpoint)
Increasing Appalachia Basin Net Production Guidance: Up to 695 - 707 Bcfe, up 21% (based on midpoints) compared to 2017- Q2 net production of 234 Bcfe (up +5% YOY and up +4% from 1Q18)
Appalachian Output Jump: Delivered a 19% increase in Appalachia Basin net production of 167 Bcfe or 1.8 Bcfe per day, including 20% liquids production Produced 44% higher natural gas liquids and oil of 61,370 barrels per day SW Appalachia - Efficiency Gains / 15,000' Laterals for 2H18The Company continues to realize the benefits of improving capital efficiencies as evidenced by a three-well pad that…
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