SWN Conference call 7/31/2009

The second horizontal well, the Red River 164 #1, was production tested at 13.4 MMcf per day in the second quarter of 2009 and is currently producing approximately 7.8 MMcf per day. The company has completed drilling a third well, the Red River 619 #1 well located in San Augustine County, and recently spud its fourth well, the Burrows Gas Unit #1-H. Pending further results from these wells, the company may invest more capital in the Haynesville/Bossier Shale play than previously planned. In total, Southwestern has approximately 32,800 net acres it believes is prospective for the Haynesville/Bossier Shale.
The RR 164 #1 probably started to sales at the beginning of May, so a pretty good 60 day production average.

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Replies to This Discussion

Permalink Reply by adubu on July 31, 2009 at 6:31
Thats better than the Red River 877 well at IP 8.7 mmcfd----did it have longer H lateral leg?
Permalink Reply by ALongview on July 31, 2009 at 13:37
Adubu, 2718' vs. 3800'. They are drilling one more, completed one, and have up to 4 more this year. They will have laterals like the RR 877. They stated that in their acreage position they have 130' to 160' of Haynesville Shale. The RR 877 if kept on a tight curve is well over 6.5 bcf according to SWN. Good stuff.
Permalink Reply by HS on August 12, 2009 at 21:32
was on the 619 location tonight , they are currently fracing this well as we speak

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