Exploration & Production | Top Story | Capital Markets | Capital Expenditure
Southwestern to Spend Big on Fayetteville, Marcellus Shales in 2014
Print
|
Southwestern Energy Company has detailed its total capital investment program in 2014 is planned to be approximately $2.3 billion, compared to a projected $2.25 billion capital program in 2013.
Southwestern is targeting total net gas and oil production of 740 to 752 Bcfe in 2014, up approximately 14% over the company's current production projection of 653 to 655 Bcfe for 2013 (using midpoints). Total net production from the Fayetteville Shale in 2014 is expected to be 479 to 484 Bcf, essentially flat compared to 483 to 484 Bcf projected to be produced in 2013. In the Marcellus Shale, the company expects total net production to grow by over 60% in 2014 to 244 to 249 Bcf, compared to 148 to 149 Bcf that is projected to be produced in 2013.
Steve Mueller, President and Chief Executive…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations