Entering 2017, one of Southwestern Energy’s initiatives in the Fayetteville was to test the underlying Moorefield formation. The company brought seven Moorefield wells to sales during 1Q17, out of 12 total in the Fayetteville. The Moorefield wells exceeded SWN’s expectations with an average IP rate of 6.8 MMcf/d and average 30-day rate of 5.1 MMcf/d. The wells’ laterals averaged 6,442 ft, and their estimated EUR is 6.5 Bcf. The average well cost was $3.8......
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