Wednesday, August 12, 2009

Southwestern: Quick Update

Southwestern Energy is a relatively small player in the Haynesville Shale, preferring to concentrate in the Fayetteville Shale in Arkansas. In the Haynesville the company has 32,800 net acres, all of which are in in Texas in the southwest portion of the play (how appropriate given the company's name).

The company has drilled or is drilling four wells, two of which have been completed. The first well came in at 7.2 MMcf/day initial production and the second well nearly lapped the first at 13.4 MMcf/day. All four of the company's wells are near the San Augustine/ Shelby/ Nacogdoches County lines, as shown on the map below.

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