SWN Conference Call

These two quotes from the recent Q3 conference call sure sounds good for Northern Sabine County.
Steven Mueller
We still have approximately 10,500 net acres with Haynesville and Middle Bossier Shale potential and have drilled three wells on this acreage to
date. The Timberstar Blackstone A-1H targeting the Haynesville Shale
formation was placed on production on August and initial production rate
of 13.2 million cubic foot per day. The other two wells, which are
targeting the Middle Bossier, will be completed in the first quarter of
2011.


Brian Singer - Goldman Sachs Group Inc.

And lastly, how should we think about your activity levels and where you want to take the Bossier drilling and the Marcellus drilling from here?

Steven Mueller

I think we have to drill some wells just to hold some of our acreage, and so we'll do that. When you think about what we're doing, and we said the first well we've done is the Haynesville well, the next two
that we've drilled have been Bossier. The Bossier is actually thicker
than the Haynesville. And core, because we've cored one of those wells,
it looks better. And so we need to get some tests on the Bossier itself,
and then we can make a decision on how fast we want to go. But
certainly in the fourth quarter and in the first quarter of next year,
you're going to see us drill some wells just to hold some acreage.


Views: 60

Replies to This Discussion

Permalink Reply by Fred W. Smith on October 31, 2010 at 16:26
This must be Sabine Parish, for there has not been a Timberstar Blacksone A_1H permited for Sabine County.
Permalink Reply by ALongview on October 31, 2010 at 16:50
Fred, It's in Shelby County. One of the Bossier wells they referenced is in Sabine County, the Crest 1H, and the other right over the county line in Shelby.
Permalink Reply by Fred W. Smith on November 1, 2010 at 3:27
Thank you. I thought i was keeping up with Sabine Cty. because my family has leased 3-4 hundred acres between the Hall and the Hezakiah. The lease is up in less than a year.
Permalink Reply by ALongview on November 1, 2010 at 10:42
Fred, Who are you leased with? Is there an option for more time?
Permalink Reply by Fred W. Smith on November 2, 2010 at 1:29
Slow checking site, sorry. With are with DE, but it seems like Chespk is doing most of the work in north. No option, end of straight three.
Permalink Reply by Jon Williamson on November 1, 2010 at 20:00
Fred hang in there. You are in a great spot. Same as me, I never leased.

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