Southwestern Energy has big plans for Marcellus Shale in 2015
Sunday, January 4, 2015
Anticipating increased demand from industries that use natural gas for fuel, Southwestern Energy is ramping up its presence in the Marcellus Shale, Pittsburgh Business Times reports.
In December 2014, Southwestern acquired 413,000 net acres from Chesapeake Energy. Southwestern plans to increase its budget to $2.6 billion and to increase its production by 28 percent, compared to 2014’s production results.
A total of 65 to 73 wells are planned, and six of those wells will be drilled in Washington County, Pennsylvania. In northeastern Pennsylvania, Southwestern plans to drill between 101 and 108 wells, an increase from 2014’s 83 wells.
Related: Chesapeake sells Marcellus and Utica shale assets to Southwestern Energy Co.
Via: Pittsburgh Business Times > Southwestern planning for $625 million in southern Marcellus capital spending
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