Replies to This Discussion

Permalink Reply by North LA on August 3, 2012 at 16:51

Here is a transcript from today's conf call for those interested.

http://seekingalpha.com/article/780611-southwestern-energy-manageme...

Permalink Reply by Sarah Randolph on August 4, 2012 at 5:07

Thanks North La. 

Permalink Reply by robert edwards on August 5, 2012 at 16:58

skip, i think you are right in the fairway.  it has not been totally discovered yet, but swn is narrowing the gap.  maybe that fairway will be in union parish

Permalink Reply by Skip Peel - Mineral Consultant on August 6, 2012 at 2:36

Sure looks that way at this time, robert.

Permalink Reply by Bradley McWilliams on August 6, 2012 at 13:29

Just so that all know it's there to look at, but SWN has posted a new "Investor Presentation". You can get the link right on there home page, but it doesn't really have anything new in it other than whats been discussed here. 

One thing it does have of interest, though not related, is a chart showing US electricity consumption for the last 20 years or so.  Kind of interesting that it's on a steep incline until 2008, then reverses to a steep decline, minus a year or so of climbing again from 2010 to 2011.  Just a sad statement on the lathargic economy we have these days.

Permalink Reply by PJ on August 7, 2012 at 9:33

guys this "chat" is why I joined the blog. you guys know stuff about O & G. Thanks for slogging through when the comments are personal and not useful to the purposes of the blog. Keep it up.

Permalink Reply by Les Bamburg on August 9, 2012 at 18:08

From reviewing the transcript from the recent analyst call it is apparent that Southwestern does not yet have sufficient information to identify the core area of the LSBD play nor determined how much of the play area can be economically developed.  The same would be true for other operators in the LSBD play.

 

Remember that in the early days of the Haynesville Shale operators had vastly different play outlines and had not identified some areas such as the Shelby Trough.  The same was true in the Barnett Shale where no developement occurred south of Fort Worth until several years after the northern core area drilling was initiated.   

Permalink Reply by Aubrey C. Sanders, Jr. on August 10, 2012 at 7:02

Les B,

A very enlighted and enlightening appraisal. Your contributions to this site are much appreciated.

Permalink Reply by GoshDarn on August 10, 2012 at 7:32

Just like you, Mr. Sanders, it has never appeared as though Les B. was posting on GHS to make money off of the members (e.g., off of the naive landowners who are new to all of this).  Les B.'s honesty and integrity has always been topnotch.

From day one, his analysis has been quite objective and above reproach.

Plus, his ego hardly ever gets in the way, since he seems never to have much to prove in an attempt to garner the limelight.  Instead, he sticks to the facts . . . with the obvious intent of helping others and also helping the Great State of Louisiana from whence he was born, grew up, and went off to study at a La. state college.

Permalink Reply by Skip Peel - Mineral Consultant on August 10, 2012 at 7:50

The first wave of Haynesville Shale wells from the Greenwood-Waskom Field in the NW to the Red River - Bull Bayou Field in the SE all found commercially productive shale.  And all the early blob maps included that continuous area.  The variations in the maps were on the periphery. 

In four years of active participation on GHS I have never made a remark that could be judged negative regarding an area and then made an offer to option minerals in that same area. 

Permalink Reply by robert edwards on August 10, 2012 at 16:54

very well said.

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