Replies to This Discussion

Permalink Reply by L Davis on February 27, 2012 at 11:47

Link to SWN Annual Earnings

 

http://www.swn.com/investors/Press_Releases/2012/2012-02-27.pdf

Permalink Reply by Bill Dailey on February 27, 2012 at 12:50

Page 13, specifically.

Permalink Reply by obed w odom on February 27, 2012 at 12:12

Well, at least this production is in the ballpark where Mueller had said earlier he thought they could, by tweaking, make the well economic. I take it that all of the water being produced is frac water, as he said earlier they had not seen any formation water.

Permalink Reply by Skip Peel - Mineral Consultant on February 27, 2012 at 12:16

A short lateral and production from 8 of 11 stages sounds like plenty of room for improvement.  As I have stated previously I think the next two wells will be more representative of LSBD potential.

Permalink Reply by flex auger on February 27, 2012 at 19:35

Skip, i agree, it's going to take some more wells to see if this play is going to work out. SWN had to report something today like they said they were going to. What they reported was more of a "wet blanket" in my opinon than it was "lighter fluid". Like you said, lots of room for improvment with how they completed the well also. Its going to be a long summer waiting to see if they can improve results enough to make the brown dense a money maker or just a bad bet.

Permalink Reply by Chester Fairfield on February 28, 2012 at 4:06

About what I expected after what Mueller said... I think they will make it work but it will have much smaller "sweet spots" that you will need to be in to be productive. 

Permalink Reply by North LA on February 27, 2012 at 12:23

 "the water being produced is frac water"

 

I assume since the press release says 45% injected returned. Doesn't the well usually start to produce a little better after all of the frac fluid returns?

Permalink Reply by Steve on February 27, 2012 at 12:39

Gas wells usually do I think that production will improve as the well unloads frac water.

Permalink Reply by Mike McNeill on February 27, 2012 at 12:45

Initial report from magnoliareporter.com

http://www.magnoliareporter.com/news_and_business/local_business/ar...

Permalink Reply by DrWAVeSport Cd1 on February 27, 2012 at 13:35

MMcNeil,

Thanks for the  LSBD info.  Have Lots of Kinfolks/Family in Union Parish, LA. 

Good Luck.

 

 

Permalink Reply by The_Baron on February 28, 2012 at 4:55

wow.

four year payout asuming $100 oil and no decline. If these wells decline like other resource plays they better do much better.

Permalink Reply by L Davis on February 28, 2012 at 6:23

These are the main things that I got from the conference call.

 

They when to the lower portion of the BD in Roberson well for fear of fracking into the water zone but found the frack only went up 100 – 150 feet.  Will take a while longer to get frack water out and see what well is capable of.  Only small amount of H2S and a little CO2.

 

On first well in LA, went up in he formation because they knew it was better rock and no longer feared fracking into the water zone.  Had  some oil coming up with the drilling mud.  Formation gets thicker going east.

 

The Wesson/Junction City well will not be drilled this year because it is too close to the Cabot well and have agreement to get data from Cabot.

 

Five wells in 2012 for a total of six.  Location for wells 4, 5, and 6 not finalized yet

 

Laterals have gone from 3600 feet 0n first well to 6700 feet on second well and plan 9000 on well three.  The number of frack stages will go up as the laterals get longer.  Fracking on the Garret should begin about March 1.

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