New TIL Activity
SWN has TILd wellpad 477153 very shortly after completing the well on 5/20. This fits the pattern we have observed with SWN which does not appear to be engaging in a DTIL strategy. We have begun covering EQT and have observed a flow back job in progress on wellpad 417991. CHK remains loyal to their mission of building NYTs and is on track to achieve their goal of 45 DTILs by the end of this month.
Left to right. EQT wellpad 417991 preparing for flow back, SWN wellpad 477153 in flow back.
EQT
We have begun covering EQT across the NorthEast. We believe EQT has 1.18 bcf/d worth of NYT wells, including wells currently being completed. Some of the wells appear to be close to the yet to be in service MVP pipeline.
EQT wellpad proximity to the MVP pipeline (dashed red line).
NYT Inventory
