Southwestern 3Q14: 2 Wells Near NY Border are “Promising”

Southwestern Energy released their third quarter financial and operational update late last week. Picking through the release we find that their Marcellus gas production is up 47% from a year ago this time. At the end of September, the company had 234 operating Marcellus wells in production, and another 102 wells in various stages of being drilled. The vast majority of Southwestern’s wells are in Susquehanna and Bradford counties (PA), with a fair number also in Lycoming County, PA. Southwestern says they continue to test “the Upper Marcellus” and have drilled three such wells to date. Perhaps the biggest news (for New Yorkers) is this statement: “Two wells have also been drilled near the New York border in Susquehanna County. Early results are positive and work has begun to build a gathering system for future development in this area.” You can’t tell us there isn’t a boatload of gas sitting right across the border in the Empire State–if only the man-child Andrew Cuomo would make up his mind to allow drilling…

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