Southwestern Energy (SWN) reported earnings for the first quarter of 2010, and held a conference call to discuss the results. The company made extensive commentary on the Fayetteville Shale.
Southwestern Energy said that its production fell short of guidance during the quarter due to operational and weather related issues.
“We experienced operational and weather-related field issues in our Fayetteville Shale play, which impacted our production volumes. As a result, 26 fewer wells are placed on production and originally scheduled at March 31, impacting our production first quarter by approximately three Bcf.”
“Earlier this week, our gross operating production in the Fayetteville Shale reached approximately 1.3 Bcf per day, up from about 850 million cubic foot per day, a year ago.
Source: Seeking Alpha