Southwestern Energy (NYSE:SWN) has been working on the development of various plays in its New Ventures portfolio, including the Lower Smackover Brown Dense formation in Arkansas and Louisiana.
Southwestern Energy has 506,000 net acres prospective for this play and has drilled six wells to date. The company’s first three wells were completed in early 2012 and are currently shut in. The Johnson #21-22-1 #1 and Dean 31-22-1E #1 were drilled to vertical depths of approximately 10,500 feet in Union Parish, Louisiana.
Southwestern Energy said that these two wells found higher pressures in the Lower Smackover Brown Dense formation and the company is analyzing log data and core samples to plan a hydraulic fracture operation. The company also plans to reenter these wells as horizontal wells in 2013.
Southwestern Energy is currently completing the Doles 30-22-1H #1 well, also located in Union Parish, Louisiana. This well was drilled to approximately 10,673 feet with a lateral length of 4,731 feet. The company said that this well also encountered high pressure within the Lower Smackover Brown Dense formation and is currently flowing back.
Southwestern Energy plans to put the Doles 30-22-1H #1 well and the BML #31-22 #1-1H well onto sales in late November 2012.
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