Enverus Blog

Insights across the energy value chain

You cannot talk about the Fayetteville Shale play without mentioning Seeco Inc., a subsidiary of Southwestern Energy.  According to their recent 2009 Financial and Operating Results press release, Southwestern Energy ended the year with daily production of 1 Bcf/d, proved reserves of 3,657 Bcfe and 2009 yearly production of 300.4 Bcfe, up from 2004 production of 54.1 Bcfe when they announced the discovery of the play.

“2009 was a year of milestones for Southwestern Energy,” states Steve Mueller, Southwestern Energy’s President and CEO. ” It was just five years ago when we announced to the world that we had discovered a new shale play in Arkansas called the Fayetteville Shale and were the first to produce gas from the reservoir.”

Seeco is by far the most active operator in the play with 1,097 active wells while Chesapeake comes in a distant second with 474 active wells.

Southwestern Energy at a Glance

Since their first Fayetteville Shale well in 2004, their well performance has been improving year over year as we can see in this vintage type curve created with the DI HPDI Online tool.

Southwestern Energy at a Glance

As of year-end 2009, Southwestern Energy held approximately 889,000 net acres in the play which can be seen in this acreage map from their recently released March 2010 Investor Presentation which is posted in the DI Fayetteville Unconventional Update.

Southwestern Energy at a Glance

Moving into 2010, Southwestern Energy plans to participate in 650-680 wells, 475-500 of which they plan to operate, and anticipate investing approximately $1.2 billion in the Fayetteville play.

For more information about Southwestern Energy and Seeco Inc. visit the DI Fayetteville Unconventional Update by clicking here.

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Anne Leonard

In January 2015, Anne Leonard headed the team that launched the latest addition to DrillingInfo’s international publications, International Scout Frontier North America which covers the US Gulf of Mexico as well as Maritime and Arctic Canada. She has been reporting on exploration and production for more than 30 years. She began her career in Denver covering the Rocky Mountain Region, and has spent the last 10 years covering the international arena, with a particular focus on Latin America, Africa, Western Europe and the Far East. Anne received her Bachelor of Arts in Journalism from the University of Nebraska.