Southwestern Energy Archives - Page 2 of 4

Gas producer Southwestern to scale up with $2.7 bln deal for Indigo Natural

June 2, 2021

Business Wire SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) (the “Company” or “Southwestern”) today announced that it has entered into a definitive merger agreement with Haynesville producer Indigo Natural Resources, LLC (“Indigo”) under which it will acquire Indigo for approximately $2.7 billion. The transaction is expected to close early in the fourth quarter of 2021, subject to customary closing conditions.

Southwestern Energy CEO Named Finalist for Entrepreneur of the Year

June 7, 2019

Southwestern Energy CEO and President Bill Way Named Finalist in the Entrepreneur of the Year 2019 Program

Gas Majors Cabot, Range and Southwestern Weigh In on Hot Topics in Investor Calls

April 30, 2019

By Richard Rostad, analyst, Oil & Gas 360 Big shale gas producers announced earnings last week, with Cabot Oil & Gas (ticker: COG) Range Resources (ticker: RRC) and Southwestern Energy (ticker: SWN) each talking about their Q1 results. While these firms’ conference calls covered many company-specific topics, they also addressed many larger-scale aspects of the current oil and gas industry.

Investors Telling Gas Producers to Cut Back, Producers Listening

March 5, 2019

From Pittsburgh Business Times A new wave of belt tightening ushered in 2019 among natural gas producers in the Appalachian basin. Publicly traded companies who are among the region’s biggest producers — EQT Corp., Range Resources, CNX Resources Corp. and Southwestern Energy Co. — have all said within the past few weeks that they will be spending less on drilling

Southwestern Plans 25% Per-Foot Cost Savings in 2019

March 5, 2019

Ultra-long laterals becoming more popular By Richard Rostad, analyst, Oil & Gas 360 Southwestern Energy (ticker: SWN) announced fourth quarter results and reserves last week, showing $307 million in net income, or $0.54 million per share. Fayetteville sale refocuses company Southwestern produced an average of 2.54 Bcfe/d in Q4, down slightly from the 2.60 Bcfe/d the company produced in Q4

Southwestern Energy Completes Transformational $1.8 Billion Sale of Fayetteville Shale Business

December 4, 2018

Southwestern Energy Completes Transformational Sale of Fayetteville Shale Business

Southwestern Q3: Heard on the Call

October 26, 2018

Southwestern Energy (ticker: SWN) reported its Q3 results and held its Q3 earnings call today, providing more information about Northeastern Appalachian dynamics, NGL production growth, and also discussed the merits of liquid-rich wells. Highlights from the Q3 results include: Generated positive net cash flow after capital investment; full year capital guidance unchanged Reported net cash provided by operating activities of

West Virginia’s Co-Tenancy Drilling Bill a Compromise

May 3, 2018

Teachers’ strike impacted bill with threat of higher severance taxes From the Gazette-Mail WHEELING — After a long-awaited “co-tenancy” bill was signed into law, presenters at an oil and gas conference told industry players Wednesday to make sure the industry agrees internally on how to interpret the bill and to flag aspects of it that could cause issue. “There’s going to

Southwestern Energy Makes Senior Leadership Changes

February 26, 2018

Southwestern Energy Company (ticker: SWN) said that Julian Bott is joining the company as EVP and will become CFO on March 5, 2018. Jennifer Stewart, who has served as CFO on an interim basis, will become SVP of government and regulatory affairs. The company also said that it has named Michael Hancock as VP of financial planning and analysis. This

Southwestern Energy Aims $1.25 Billion CapEx at Appalachian Basin

February 9, 2018

Southwestern Energy Company (ticker: SWN) will be going deeper into the Appalachian once again in 2018. The plan includes drilling 100-120 wells, completing 105-125 wells and placing 125-145 wells to sales. 2017 recap In 2017, SWN had a total net production of 897 Bcfe, including 578 Bcfe from the Appalachian Basin and 316 Bcf from the Fayetteville Shale – this

Southwestern Energy Appoints COO

December 5, 2017

Southwestern Energy Company (ticker: SWN) has brought in Clayton A. Carrell as its EVP and chief operating officer. Effective today, Carrell is responsible for Southwestern’s operations and technical activities, which encompass approximately 875 Bcfe of production (2016) in northeast Appalachia, southwest Appalachia and the Fayetteville shale plays. Southwestern’s oil and gas properties total almost 1.5 million net acres. “We are

Southwestern Energy (SWN): Development of Four-well Pad Generating High IP

October 27, 2017

Southwestern Energy Company (Ticker: SWN) reported Q3 2017 results today and held its conference call for analysts. During the third quarter Southwestern invested approximately $320 million in the E&P business and participated in drilling 47 wells, completed 29 wells, and placed 37 wells to sales. During the first nine months of 2017, Southwestern invested a total of $946 million. This

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