Fayetteville shale drilling hike set in 2006

By OGJ editors
HOUSTON, Dec. 14 -- The $830 million 2006 capital program of Southwestern Energy Co., Houston, will include $338 million for the Mississippian Fayetteville shale gas play in the Arkoma basin in Arkansas (OGJ, Sept. 19, 2005, Newsletter).

The total program is a 66% increase from forecast 2005 outlays and includes $770 million in E&P spending. The Fayetteville shale sum provides for the drilling of 175-200 wells, nearly all of them horizontal.

Southwestern Energy will spend $196 million in East Texas on as many as 83 wells at Overton field in Smith County and as many as 16 wells in its Angelina River Trend in Nacogdoches County. It will spend $90 million to drill 100-110 conventional Arkoma basin wells, 55-60 of which will be in the Ranger Anticline area of Yell County, Ark.

Other E&P outlays are for Permian basin $15.9 million, onshore Gulf Coast $8.6 million, and exploration and new ventures $43.4 million.

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