Winter 2015 – Update from the field
Update from the field
Swan Energy’s Colorado projects saw a very active Q4. We spudded 27
wells as part of four pads in Wattenberg. Specifically, those wells
include the Pratt pad where 6 wells were spud in addition to the
Greenleaf pad (11 wells); Crow Creek pad (7 wells); and, Colt pad (3
wells). For the year, Swan participated in 47 wells in
Colorado, of which 22 are producing an average of 344 BOEPD and another
25 wells are under completion.
There is no sign of slowing down in Wattenberg as Swan seeks to
continue to grow production, reserves and revenue. We have received
wellbore notifications for 10+ wells in the play. Also, in 2015 we will
operate our first pad on the Swank lease. This is significant because
we will be in charge of the workflow and the distribution of revenue.
This will provide our partners greater access to field information from
drilling through production, as well as a faster turnaround of revenue
from the purchaser to the partner. The company will also participate in
up to 100 non-op wells in Colorado.
In Q4, Swan drilled the Laflore 1-10 in McClain County located one mile north of the Oliver 1-15 well. This
well came on flowing from the second Bromide formation at over 400
BOEPD. In 2014, Swan Energy participated in 13 new wells, of which 10
are producing an average of 72 BOEPD. An additional three wells are
The Sasquatch 1-34 in McClain County is currently being completed. This well offsets the Javaman 1-35 well.
Looking forward, we anticipate that Swan Energy and its JVs will
participate in 6 to 10 new wells. Perhaps the most exciting news for
Oklahoma is that we will participate in the drilling of our first
horizontal well, the Mr. Ed, located in the Woodford play.