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Southwestern Touts Record Laterals in Q3, Cuts Well Costs; Rigs, Frac Crews, 2019
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Southwestern Energy reported its Q3 2018 results.
Drilled Longest Laterals in Company History; Planning More One is Pennsylvania was 16,272 feet The other was in West Virginia and set a new state record of 15,559 feet.Both of these wells were on time and on budget.
In the Q3 conference call, this question was posted about the longer laterals:
Arun Jayaram from JP Morgan asked: "Bill, I was wondering if you could walk though kind of the benefits of shifting towards the longer laterals. You talked about drilling 15,000-foot and a 16,000-foot lateral. Are you seeing any optimal lateral lengths which are optimizing returns? And maybe you could maybe discuss what types of returns uplift do you see from going, call it, from 10,000 feet to 15,000?" Clay Carrell responded: "Hey, Arun…- ✓ Full news archive — U.S., Canada & international coverage
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