Southwestern Energy – Pedal to the Metal in the Marcellus/Utica

Earlier this week MDN brought you the latest quarterly update from Southwestern Energy (see Southwestern Energy 1Q17: Production Falls 14%, Profits Soar). As we noted, production was down, but profits up. Southwestern is investing 85% of their budget in the Marcellus/Utica this year. In covering the Southwestern story, we neglected to bring you a portion of the earnings call where Jack Bergeron talks. Bergeron is Southwestern Senior Vice President for E&P Operations. He had some things to say about the company’s Marcellus/Utica drilling program that we think you’ll find interesting. What kinds of things? Like details about the company’s move from using 3,500 pounds of sand per foot to 5,000 lbs/ft. And details about the increase in Estimated Ultimate Recovery (EUR) the company is seeing–from 11 billion cubic feet per well to 15 Bcf/well–from using a new completion method. We also have more comments by Southwestern CEO Bill Way, about the number of wells the company plans to drill in Susquehanna County, PA…

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