Replies to This Discussion

Permalink Reply by Jon on October 24, 2013 at 13:48

Tony,

This is a excerpt from Seeking Alpha Transcript of Whiting Teleconference about the new resource plays.  

Jason A. Wangler - Wunderlich Securities Inc., Research Division

Sure, and then just on the 0.5 million or so acres on 3 new resource plays, I won't try and get you to obviously go too far on that. But what's the activity level look like as you get into '14? Are we going to start looking at drawing onto these in the near-term?

James J. Volker - Chairman, Chief Executive Officer and Director of Whiting Oil & Gas Corporation

Well we certainly hope so. The -- I can just say that all 3 are exciting, primarily because they're oil, primarily because they're light sweet oil, primarily because they are typically of the flow stream. 90% -- 80% to 90%, we think will be oil or liquids. And that one area might have a little bit more gas. But they're all true oil projects and they're all in great markets with good take away capacity. So we certainly hope so. And we're keeping some dry powder for that. But they could be additive to our production growth in 2014. And we certainly hope they will be.

 

Permalink Reply by tony allen on October 24, 2013 at 14:01

Thanks again, Jon. That's the one. It is good that Whiting is in this play. They seem to be at the top of their game and are always looking to improve on their results. If anyone can crack the code, they can.

Permalink Reply by Jon on October 24, 2013 at 14:32

From what I've seen and heard I agree.

Permalink Reply by Volkswagon guy on October 30, 2013 at 21:00

Maybe I missed something. Is Whiting Petroleum Corporation somehow related to WhitMar Exploration other than both having corporate offices in Denver?

Permalink Reply by Jon on October 31, 2013 at 4:35

Not that I know of. WhitMar is a private held Company according to their web site. I know very little about what is going on, just what I read. I am hoping Whiting can do well in Louisiana.

Permalink Reply by Jon on October 27, 2013 at 16:29

Here is a video about Whiting Oil. Let's hope they can crack the Lower Smackover Brown Dense. Very upbeat about Whiting.

http://video.cnbc.com/gallery/?video=3000211163&__source=yahoo%...

Permalink Reply by DannyMac on November 1, 2013 at 9:25

I just came across this after reading Southwestern's latest "finally were excited" announcement:  http://lantanaog.com/current-packages/bte-energy/

Shows a new map looking further east from the main activity.  Not sure if this has been posted but if not should be good information.  I keep track of the dialog as family has land in Washington County, MS right where LA, AR and MS converge.

Permalink Reply by Jon on November 1, 2013 at 10:25

This is the transcript of SWN's conference call Nov. 1, 2013 for the 3rd QTR.  There seems to be some real positive information in it.  

http://seekingalpha.com/article/1798902-southwestern-energy-managem...

An excerpt from the transcript from Seeking Alpha. 

Steven L. Mueller - Chief Executive Officer, President and Director

Third, Brown Dense. I really struggled with how to describe where we are in Brown Dense. We drilled our first commercial well and plan to drill 3 more wells by the end of the year. And that's where I start to struggle. What do I tell you? We're almost ready to declare it commercial. We're getting close to knowing the key things needed to make it commercial. The text that Brad prepared and all the senior management agreed to says not ready to call it economic but encouraged.

For now, I'd like to tell you where I'm at on it. Where I'm at today is that I believe we have a new discovery, and our task for our company is to figure out how big. Today, if you asked me to size maybe a township, it could be much, much bigger when it's all done. And our second task, once we forgot how big, is how fast we can get it into the pipeline and get it to the bottom line. Those are the 3 questions I want to address to begin with.

Permalink Reply by Matthew Kable on February 21, 2014 at 8:25

Huge Options Trading in SWN June 47-strike calls -- Someone is betting big that unexpected positive news will be announced in the Company's upcoming earnings report next week that will drive SWN's stock price up more than 15% by June.  Rumors are focused on positive new Brown Dense news.

 http://www.cnbc.com/id/101435349?__source=yahoo%257cfinance%257chea...+

 

Permalink Reply by Big Little Oil on February 21, 2014 at 8:36

How many new wells are flowing back for this 4Qtr report?

Permalink Reply by Matthew Kable on February 21, 2014 at 11:06

SWN's most recent investor presentation is available on their website.  It currently shows 11 wells in the LSBD.  Not sure if that is current or not.  I'm sure someone else could shed light on that.

http://www.swn.com/Pages/default.aspx

Permalink Reply by North LA on February 22, 2014 at 5:58

I wonder where the analyst got these numbers??

"Sterne Agee analyst Tim Rezvan told CNBC.com. If it works out, "we think you could see 4,000 to 5,000 barrels [per day], and that's not really reflected in the Street estimates."

Is he talking about the whole play? If so that's not a whole lot overall but good for 10 vertical wells. Now if he's talking about each horizontal well then it's huge.

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