http://www.veracast.com/webcasts/baml/energy2013/id53206145215.cfm
- after 120 days the Sharp is producing 500bopd and 1.2mcfd
- expect Sharp to produce 600-700k barrells of oil
- SWN considers the Sharp a discovery well and plans 5-6 offsetting wells in 2014
- right now they consider the discovery limited to 2 townships but could encompass the entire leashold, they are not sure
- the last few wells and over next year they want to define the extent of the best area by drilling wells on the periphery
- play could be significant to the company
- BML will pay out and Dean will give a 2-5% return
- SWN estimates 30 million barrells of oil per square mile but not sure recover %, maybe 5-8% like in Eagleford or Bakken but not sure
- lots of oil in the play as the formation is 400ft thick and saturated
This is what I can remember. If anyone wants to add or question what I posted after listening then please feel free. Brown Dense is mentioned 18:30 to 24:50
Tags:
Here is the transcript on SeekingAlpha.
http://seekingalpha.com/article/1858751-southwestern-energys-ceo-pr...
Thanks, Jon.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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