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Southwestern's Liquids Output Jumps +37% YOY; Touts Marcellus Zipper Fracs
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Southwestern reported its Q1 2018 results.
Highlights:- Net production of 226 Bcfe (up +11% YOY, including a 37% increase in liquids production, compared to the first quarter of 2017
Appalachian Basin net production of 159 Bcfe, or 1.77 Bcfe per day, an increase of 29% compared to the first quarter of 2017;- Operational Efficiency Achievements:
Executed new record level completion performance in Southwest Appalachia, increasing the number of stages pumped per day using zipper fracs to over 6 stages, a greater than 55% improvement compared to historical completion operations- Progressed Fayetteville redevelopment program by successfully testing two additional wells utilizing optimized landing zones and advanced completion technology.
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