Field Update: Nov. 2014
Swan Energy has participated in 40 new wells, with 12 of them in
Oklahoma and 28 in Colorado. So far this year 1,312,962 BOE have been
produced from our 103 wells, generating over $111,000,000 in gross
revenue. Swan and its partnerships are currently participating in 7,500
BOEPD or approximately $637,500 per day.
In the third quarter, Swan Energy has participated in 15 new wells: 7
in Oklahoma and 8 in Colorado. Wells currently drilling and in
completion for the quarter include: Coho, Crush, Double J, Marathon,
Oliver, Bullfrog, and Swimmin’ Hole. We have more planned in Q4.
There are big things coming in 2015, including operating our own
wells in Colorado. Swan Energy will operate its first Pad on the Swank
acreage located just southeast of Hudson, Colorado. Swan Energy’s
affiliates will control the workflow and will plan the drilling,
completion, fracture treatments and every other aspect of getting the
wells in production. This will provide our partners with greatly
increased access to data and will expedite the revenue process. Our goal
is for the process to be closer to the Oklahoma assets which deliver
revenue like clockwork, 60–90 days from first production. Operating its
own wells in the Wattenberg field is a big step for Swan Energy and its
partners; it will help take everyone to the next level.
In Oklahoma, however, we believe that having Charter Oak Production
operating our wells is as or more efficient than Swan operating its own
wells. Charter Oak operates over 90 wells in McClain and the surrounding
After working with Charter Oak for the past six years there have been
no issues and we continue to have a high degree of confidence in their
ability to effectively operate wells.
Another “Wattenberg type” field in Oklahoma? Here’s the big scoop for
our partners! We will be participating in the Mr. Ed well with Charter
Oak Production Co. This will be the second horizontal Woodford well
Charter Oak has drilled in McClain County. If successful, it could
establish a major drilling boom in an area where we have nearly 15,000