Replies to This Discussion

Permalink Reply by Leslie Colvin Jenkins on June 14, 2012 at 11:56

Too funny!

Permalink Reply by obed w odom on June 22, 2012 at 8:28

No facts, only rumors. In the latter category I heard that the BML well showed impressive oil production even before fracking. As we know, though, rumors don't have a very good track record on this forum.

SWN is scheduled to present Monday, June 25, at the Global Hunter Securities 3rd Annual Conference in San Francisco. Time of presentation is listed as 4:00 pm, but I don't know if this is PDT or CDT. There will be a webcast so maybe we will get new info about all of SWN's BD wells.

Permalink Reply by obed w odom on June 24, 2012 at 9:59

Looks as if SWN's presentation will be from 4:00 to 4:30 pm PDT, or 6:00 to 6:30 pm CDT, One can sign up to listen to the webcast at the SWN website: www.swn.com
under "Investor Relations," then "Events and Presentations."

Permalink Reply by Barbara Keene on June 25, 2012 at 12:32

I caught the last few questions of the presentation.  Can someone share any Brown Dense highlights and were there any numbers on the BML? thanks

Permalink Reply by Barbara Keene on June 25, 2012 at 12:40

Thanks Ray.  Did they say when we would know more on production numbers? 

Permalink Reply by Skip Peel - Mineral Consultant on June 25, 2012 at 13:00

Webcast takeaways:  BML showing oil returns on initial flowback at 3% water recovery, previous wells had oil shows at 13%.  Plans for 5 wells with an additional rig added including a well with 9,000' lateral adjacent to the BML.

Although it's disappointing that little was announced concerning the BML flow rate, SWN is ramping up efforts to prove up the BD.  The 2 rig drilling program should help give some clarity prior to year end.  It does seem that SWN is focusing in on a more defined area which should be confirmed by the location of the next 4 or 5 wells.  One of that number is certainly the JOHNSON 21 #1 drilling now and likely the DEAN 31 #1 recently permitted.  That leaves three more wells.

Permalink Reply by obed w odom on June 25, 2012 at 13:22

It does seem that, as of now, Union Parish is very much front and center for SWN. Congratulations to Union Parish landowners! I hope it's not all over for Claiborne Parish, but my take is that, for the time being at least, the excitement has shifted to Union Parish.

Permalink Reply by Skip Peel - Mineral Consultant on June 25, 2012 at 13:41

They were not mentioned by name.  Their previously reported initial productions rates were mentioned.  No new information was included on those wells.

Permalink Reply by obed w odom on June 25, 2012 at 13:44

Not much really new about the Roberson and Garrett. Bill Way reiterated the production figures for these 2 wells, but said the porosity and permeability, so far, seem considerably better for the BML well than for either of the first 2 wells.

Permalink Reply by Bradley McWilliams on June 25, 2012 at 16:45

Did you folks notice that he mentioned the Bakken a couple of times?  Was this a Freudian slip, or what?

 

Permalink Reply by obed w odom on June 25, 2012 at 18:21

Yes, I think he said they were already drilling in the Bakken or on the verge of drilling there. but he wouldn't give any more specifics. This was the first time I had heard anything about SWN's interest there.

Permalink Reply by Ed on June 25, 2012 at 17:11

10-Q due out in about 30 days. Should have detailed report then I guess.

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