Magic

[geopressure]

Regarding SWN, if the new gas play detailed in the presentation linked below works out, then SWN already holds enough leases (via overlying Fayetteville Shale production) to double their bookable reserves... In fact, because SWN dominates the Fayetteville Shale, they pretty much have a monopoly on this new play that is 100% free-of-charge... & free of pipeline / infrastructure cost...

I had forgot all about this new Shale Play (the Boone Shale) that underlies the Fayetteville...

This is a fairly recent development, as the presentation linked below is only about a month old...

SWN put out a press release today mentioning that their #1 priority going forward is to:

Actively pursue strategic alternatives for the Fayetteville Shale E&P and related midstream gathering assets

The only possible alternative to the Fayetteville Shale that would be 'related' to the Fayetteville's already in place pipeline infrastructure would be the Boone Shale... So, if the Boone Shale works out, SWN might be a great place to go long...

Considering all the LNG that the US is planning to export, some new gas plays are going to be needed...

http://www.searchanddiscovery.com/documents/2017/11022shelby/ndx_shelby.pdf