Exploration & Production | Top Story | Quarterly / Earnings Reports
Southwestern Talks New Ventures; Eyes Smackover, Niobrara
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Southwestern Energy Co. reported that during the first quarter of 2013, the company invested a total of approximately $475 million in its E&P business, including $2 million in its Ark-La-Tex division and $41 million in New Ventures.
Additionally, the company reported an update on its Ark-La-Tex operations as well as detailed its plans for new ventures.
Ark-La-TexTotal net production from the company's East Texas and conventional Arkoma Basin assets was 5.4 Bcfe in the first quarter of 2013, compared to 8.2 Bcfe in the first quarter of 2012.
New Ventures Smackover Brown DenseSouthwestern has approximately 507,000 net acres targeting the Lower Smackover Brown Dense (LSBD) formation located in southern Arkansas and northern Louisiana. The company has drilled eight operated wells in the…
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