Exploration & Production | Well Cost | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Southwestern Sees Best Fayetteville Well Results in 2Q
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Southwestern Energy Co. has reported a second quarter 2014 update on its Fayetteville Shale and conventional Ark-La-Tex operations.
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In the second quarter of 2014, Southwestern placed 147 new wells on production in the Fayetteville Shale resulting in net gas production from the Fayetteville Shale of 124 Bcf in the second quarter of 2014, compared to 121 Bcf in the second quarter of 2013. Gross operated gas production in the Fayetteville Shale was approximately 2,073 MMcf per day at June 30, 2014.
During the second quarter of 2014, the company's horizontal wells in the Fayetteville Shale had an average completed well cost of $2.5 million per well, average horizontal lateral length of 5,390 feet and average time to drill to total depth of 6.7 days from…
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