Replies to This Discussion

Permalink Reply by The_Baron on May 10, 2012 at 5:00

At the Baird 2012 Growth Stock Conference today (May 9) in Chicago, SWN CEO Steven Mueller essentially reiterated the information given last week in the 1Q earnings conference call, with one extra bit of info: He stated the pressure encountered at the bottom hole of the BML well (which had the "kick") was 7,000 PSI. The audio is available at link below. 

Permalink Reply by Matthew Kable on May 10, 2012 at 5:32

Can someone explain the significance of the 7,000 PSI number?  Is there anything that can be inferred from it? Does it tell us anything about the "kick" or the well/play in general that wasn't already known? 

Thanks!

Permalink Reply by Les Bamburg on May 10, 2012 at 15:06

Matthew, the 7000 psi would have been a higher pressure than they expected to encounter at that depth.  Hence the reason they had to increase the mud weight.  It does not necessarily indicate better or worse economics.  

Permalink Reply by B Kenner on May 10, 2012 at 5:49

Baron,

  I do not find a link with the audio.  I hear from residence in the area there is a lot of activity going on in the Ora Field.

 

Permalink Reply by The_Baron on May 10, 2012 at 8:49

I didn't post a link, its on their website

Permalink Reply by Ed on May 10, 2012 at 14:28

Maybe they should flow it and save the frac $$$$ [grin]

Permalink Reply by Empty Pockets on May 11, 2012 at 10:12

Saw them moving the rig out today (05/11/12)

Permalink Reply by B Kenner on May 11, 2012 at 10:29

Thanks for the info Steve.

 

Permalink Reply by whodat on May 11, 2012 at 10:39

Does anyone know where the rig is moving next? 

Permalink Reply by obed w odom on May 11, 2012 at 10:48

I would guess the Hollis site near Grafton's Crossing in Union Parish, as SWN said they want to find out how extensive the high-pressure region is. I think the only other currently permitted Lower Smackover location by SWN is the Dick James well in Union Co., AR.

Permalink Reply by Sarah Randolph on May 11, 2012 at 11:54

I heard they were moving to the Hollis site near Grafton Crossing.

Permalink Reply by whodat on May 14, 2012 at 1:53

Does anyone know when they will start the frac job?

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