I know this is repetitive, but the well has a name to use for production data references

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

04/06/13: SPUD. 04/07/13: SET 10-3/4" CASING @ 2047' W/ 708 SX. 04/08/13: TEST SHAFFER & CAMERON BOP'S TO 5000 PSI FOR 30 MINS. TEST OK.

4/15/13, REACHED TOTAL DEPTH AT 8917' FOR THE INTERMEDIATE STRING. 4/15/13, POOH AND LOGGING

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I thought you might like that, BLO.  Still so little going on that it's hard to get a handle on SWN's intentions going forward.

Am I right that the Sharp had been producing for more than six months when that flow test was performed?

There is an allowable listed for 3/21 to 6/30 but that may not indicate continuous production or any production at all for that matter.  Once again there is so little verifiable data that it's hard to know much for certain.

It would appear that except for a few data points they are going to wait on the seismic information, just my guess at this point. It has been very quiet

I'm beginning to wonder if they have made a decision to focus on lease extensions in the pressure fairway and to spend their drilling capital elsewhere for the time being.  If they were pursuing the HBP route I think we would be seeing obvious activity.  A lot of leases reach their expiration dates over the next couple of quarters.

NEWS RELEASE

SOUTHWESTERN ENERGY ENTERS NIOBRARA UNCONVENTIONAL
LIQUIDS-RICH PLAY IN COLORADO


Houston, Texas – March 5, 2014…Southwestern Energy Company (NYSE: SWN), through its wholly owned subsidiary Southwestern Energy Production Company, today announced that it has signed an agreement to purchase approximately 312,000 net acres in northwest Colorado targeting crude oil, natural gas liquids and natural gas contained in the Niobrara formation from Quicksilver Resources Inc. (NYSE: KWK) and SWEPI LP, a wholly owned subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) for approximately $180 million, subject to closing conditions. Southwestern intends to use its revolving credit facility to finance the acquisition. The transaction is expected to close in the second quarter of 2014.
“We are very excited about our entry into this emerging liquids-rich resource play,” stated Steve Mueller, President and Chief Executive Officer of Southwestern Energy. “This acreage position covers a substantial area in the Sand Wash Basin – over 50 miles across and over 20 miles wide – and provides the opportunity for us to leverage our operational strengths into a new large, scalable project. Basin characteristics include proven oil production with minimal water cut, preferred fluid-phase windows, demonstrated overpressure, evidence of matrix permeability and porosity from petrophysics and well decline behavior, a thick, continuous reservoir with ample storage capacity and potential upside from downspacing and stacked reservoir benches. Upon closing, we expect that we could begin drilling operations as early as June of this year.”

'Basin characteristics include proven oil production with minimal water cut, preferred fluid-phase windows, demonstrated overpressure, evidence of matrix permeability and porosity from petrophysics and well decline behavior, a thick, continuous reservoir with ample storage capacity and potential upside from downspacing and stacked reservoir benches.' 

sounds to me like the only thing missing in/from swn's new play is a partridge in a pear tree.

If ifs and buts were candy and nuts, oh what a Merry Christmas it would be.  Dandy Don.

I read this kind of hyperbole on a daily basis - and apply a 50% discount to expectations.

I do think that the corporate statements that this article is based upon tend to suggest a shift of development focus away from the Brown Dense and to the Niobrara.  I think that it is somewhat likely that SWN will tie up enough dirt by HBP and the exercise of lease extension to hold what they think is worth holding for future opportunities.  I can't come up with a more plausible reason for the lack of drilling.  Turning the Sharp 22 to sales and setting casing on the Plum Creek 23 both seem to be consistent with the HBP effort.  I believe there are 4 wells currently reported STATUS 31 SHUT IN DRY HOLE-FUTURE UTILITY that could also be Turned To Sales.

i/we know why shell is selling; i don't know why kwk is. they're long time shale players, i know them from the antrim. so, why're they selling?

Good question.

Just a guess, but's it's been reported of late of Shell losing interest in domestic shale plays.  I'm guessing they closed the purse strings, which left KWK with few options.  Again, just a guess.

Agreed on SWEPI having a shale headache.  And your guess is a good one as KWK is 50/50 with Shell Western E&P in the Sand Wash Basin, Northwestern Colorado.

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