Link to SWN Annual Earnings
Page 13, specifically.
Well, at least this production is in the ballpark where Mueller had said earlier he thought they could, by tweaking, make the well economic. I take it that all of the water being produced is frac water, as he said earlier they had not seen any formation water.
A short lateral and production from 8 of 11 stages sounds like plenty of room for improvement. As I have stated previously I think the next two wells will be more representative of LSBD potential.
Skip, i agree, it's going to take some more wells to see if this play is going to work out. SWN had to report something today like they said they were going to. What they reported was more of a "wet blanket" in my opinon than it was "lighter fluid". Like you said, lots of room for improvment with how they completed the well also. Its going to be a long summer waiting to see if they can improve results enough to make the brown dense a money maker or just a bad bet.
About what I expected after what Mueller said... I think they will make it work but it will have much smaller "sweet spots" that you will need to be in to be productive.
"the water being produced is frac water"
I assume since the press release says 45% injected returned. Doesn't the well usually start to produce a little better after all of the frac fluid returns?
Initial report from magnoliareporter.com
Thanks for the LSBD info. Have Lots of Kinfolks/Family in Union Parish, LA.
four year payout asuming $100 oil and no decline. If these wells decline like other resource plays they better do much better.