Southwestern Energy Company
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| - | During the first quarter of 2009, Houston, Texas-based '''Southwestern Energy Company''' (NYSE: SWN) increased its leasehold from 110,000 acres to 137,000 net acres in [[Pennsylvania]] prospective for [[Marcellus shale]]. This increase resulted from the purchase of 21,715 net acres of drilling rights in the northeastern Pennsylvania County of Lycoming for $8.2 million. In 2008 the company drilled four wells in Bradford and Susquehanna Counties, PA--three are vertical and one is horizontal. As of the end of 2008 three of these wells were being production tested, and a forth one was awaiting recompletion. | + | During the first quarter of 2009, Houston, Texas-based '''Southwestern Energy Company''' (NYSE: SWN) increased its leasehold from 110,000 acres to 137,000 net acres in [[Pennsylvania]] prospective for [[Marcellus shale]]. This increase resulted from the purchase of 21,715 net acres of drilling rights in the northeastern Pennsylvania County of Lycoming for $8.2 million. In 2008 the company drilled four wells in [[Bradford]] and Susquehanna Counties, PA--three are vertical and one is horizontal. As of the end of 2008 three of these wells were being production tested, and a forth one was awaiting recompletion. |
| A March, 2008 report indicated that a subsidiary of Southwestern, ''SEPCO'', had drilled an exploratory well in Herrick Township, Susquehanna County, PA. | A March, 2008 report indicated that a subsidiary of Southwestern, ''SEPCO'', had drilled an exploratory well in Herrick Township, Susquehanna County, PA. | ||
Revision as of 17:39, 29 April 2009
Here is where some info about Southwestern Energy Company should go. This article is still a stub and needs your attention. It does not have a template and contains minimal information. Please dive in and help it grow!
During the first quarter of 2009, Houston, Texas-based Southwestern Energy Company (NYSE: SWN) increased its leasehold from 110,000 acres to 137,000 net acres in Pennsylvania prospective for Marcellus shale. This increase resulted from the purchase of 21,715 net acres of drilling rights in the northeastern Pennsylvania County of Lycoming for $8.2 million. In 2008 the company drilled four wells in Bradford and Susquehanna Counties, PA--three are vertical and one is horizontal. As of the end of 2008 three of these wells were being production tested, and a forth one was awaiting recompletion.
A March, 2008 report indicated that a subsidiary of Southwestern, SEPCO, had drilled an exploratory well in Herrick Township, Susquehanna County, PA.
In December, 2008 the company reported that it had invested $61 million in Pennsylvania Marcellus shale development in 2008 and planned to do another $42 million in 2009. The money will be used to acquire additional land, and for seismic testing and drilling two wells.
- Steve Mueller ia President of Southwestern Energy.
- Greg Kerley is CFO.
- Elise Mitchell is a spokesperson for Southwestern.
