Southwestern Energy Places Well on Production

Southwestern Energy Company reports that the Miami Corporation #27-1 well in its Crowne Prospect located in Cameron Parish, Louisiana, was placed on production at 10.0 million cubic feet of gas per day and 35 barrels of oil per day on a 12/64-inch choke with 8,625 pounds per square inch of flowing tubing pressure.

Southwestern has spud a second well on the Crowne prospect, the Miami Corporation #34-2, to further delineate and develop the reservoir. The #34-2 well is currently drilling below 11,000 feet with a target depth of 13,455 feet. Southwestern is the operator of these wells with a 40% working interest. Other joint interest owners in the prospect include Helmerich & Payne, Inc. and Century Royalty 2000, Ltd., each with a 30% working interest.