Exploration & Production | Well Lateral Length | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Drilling Activity
Stone to Add Marcellus Wells as Efficiencies Stack Up; Talks Utica Test
Print
|
Stone Energy Corp. has reported a third quarter 2014 update on its Utica and Marcellus operations.
Chairman, President and Chief Executive Officer David Welch stated, "In Appalachia, we have finished drilling our Utica test well and expect to flow first production within the next few weeks. Due to efficiencies, we now expect to drill over 35 wells in our Marcellus program this year. Despite our recent shelf and onshore properties sales, we expect to see a production increase in the fourth quarter over the third quarter of 2014. Our cash position remains strong and we are excited about our outlook for 2015 and beyond."
Utica ShaleUtica Shale Test: During the second and third quarters of 2014, Stone drilled a horizontal test well through the Utica shale formation with a true vertical…
- ✓ 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