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Southwestern Sets Production Record; Tweaks Frac Design
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Southwestern Energy Company announced its financial and operating results for the quarter ended September 30, 2015.
Key Items: During the third quarter of 2015, average time to drill to total depth was reduced to 8 days from re-entry to re-entry compared to 9 days in the second quarter of 2015. Delineation of Susquehanna County Set Southwest Appalachia records: longest completed lateral (average lateral length of 6,376 feet), most proppant in a single well, most pounds of sand per foot and most stages per well The company has received a permit for its first Utica well, located in Marshall County, West Virginia and has recently spud the well. Third quarter highlights include: Record production of 249 Bcfe, up 27% compared to year-ago levels; Total Appalachia net production of 130…- ✓ Full news archive — U.S., Canada & international coverage
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