Southwestern Energy (SWN) held a conference call on February 26, 2010, to discuss fourth quarter of 2009 earnings. The company provided extensive operational details on its properties in various shale plays including the Haynesville Shale.
Southwestern Energy is at an early stage of its development program here, and is currently completing its sixth Haynesville Shale well.
“We also kicked off our drilling program targeting the Haynesville and Middle Bossier shales in Shelby and San Augustine counties in 2009 with very good results.”
“After our first horizontal well production tested at 7.2 million cubic feet per day in the first quarter of 2009, we have drilled four additional wells in the Haynesville Shale, which production tested 13.4, 16.7, and 21.0 million a day, and 18.1 million per day respectively. Additionally, we completed our first well in the Middle Bossier formation, which production tested at 11.3 million cubic feet per day.”
“We are currently completing our sixth Haynesville well, the Red River 620 1-H, and drilling two additional Haynesville wells in the area, the Red River 619 Number 2 1-H and the Owens Number 1, both of which will be completed sometime in the second quarter. In total, we have approximately 42,300 net acres we believe are prospective for the Haynesville and Middle Bossier shales, and our average gross working interest is approximately 61%.”
Source: Seeking Alpha