Southern Energy's First Cotton Valley Well Flows 430 boe/d, Maps 45+ Drilling Locations
SO is trading near its 52-week low of $81.69 (10% above the low).
Summary
Southern Energy Corp. reported successful completion and flow-test results from its first Cotton Valley well at Williamsburg Field in Mississippi. The well flowed at a stabilized rate of 2.3 MMcf/d of natural gas plus 50 barrels of condensate per day, equivalent to approximately 430 boe/d, on a restricted choke without fracture stimulation. The company also mapped over 7,200 acres of four-way closure using 2D seismic, potentially supporting more than 45 drilling locations at 160-acre spacing. Management highlighted premium pricing access via Transco Zone 4 and Louisiana Light Sweet crude, with no third-party transportation costs. This is the first Cotton Valley well in the field and no reserves were previously booked there, making this a material new development for the company's growth outlook. The next well is planned for early Q1 2027, subject to approvals.
At the time of this announcement, SO was trading at $90.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $102.8B. The 52-week trading range was $81.69 to $100.84. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.