• Southwestern Energy Co. ( NYSE: SWN )

2024 Development Program Includes



Area

Category

2023

2024 Est. Initial
Updated
2024 Guidance
%Difference
(2023 vs 2024)
Company Wide Total Capital Expenditure ($mm)

 Click here for More Planned 2024 Activity

Permitting Activity


March 12,2024 : Southwestern Energy Co. Permitted the WATROUS 7H Horizontal well in Susquehanna,PA : Marcellus Shale
March 07,2024 : Southwestern Energy Co. Permitted the Deborah Craig OHI 6H Horizontal well in Ohio,WV :
March 07,2024 : Southwestern Energy Co. Permitted the Deborah Craig OHI 206H Horizontal well in Ohio,WV :
February 12,2024 : Southwestern Energy Co. Permitted the William Rogers OHI 10H Horizontal well in Ohio,WV :
February 12,2024 : Southwestern Energy Co. Permitted the William Rogers OHI 210H Horizontal well in Ohio,WV :
Click here for More Permits Activity

Latest News & Activity




Deals - Southwestern Energy Co. Acquisitions


Announce Date Price($MM) Region/Basin Headline
Nov-04-2021 Ark-La-Tex  Southwestern Ups Ante in the Haynesville; Acquires GEP
Jun-02-2021 Ark-La-Tex  Southwestern Energy Acquires PE-Backed, Haynesville-Focused Indigo
Aug-12-2020 Northeast - Appalachia  Southwestern to Acquire Montage Resources in All-Stock Deal
Total
More Deals...


Deals - Southwestern Energy Co. Divestiture(s)


Announce Date Price($MM) Region/Basin Headline
Jan-11-2024 Northeast - Appalachia,Ark-La-Tex  Chesapeake To Acquire Southwestern Energy
Sep-04-2018 Mid-Continent  Flywheel Acquires Fayetteville Assets from Southwestern For $1.9 Billion
Jun-09-2016 Northeast  Antero Spends $450 MIllion to Bolt-On Marcellus / Utica Acreage
Total
More Deals...


Capital Raised


Announced DateAmount($MM) Type Headline
Jun-27-2022 Buy Back Southwestern Approves $1.0B Stock Buyback Program
Dec-08-2021 Debt Southwestern Launches $1.15B Public Offering of Senior Notes
Aug-18-2021 Debt Southwestern Taps Debt Markets for $1.2 Billion in Public Offering
Total
More Financing...


About


Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and crude oil in the United States The company operates through two segments, Exploration and Production, and Midstream Services The Exploration and Production segment involves in the development of an unconventional gas reservoir located on the Arkansas side of the Arkoma Basin, as well as exploration and production activities in Texas, Pennsylvania, and Oklahoma This segment also conducts conventional drilling programs in the Arkoma Basin; and development drilling and exploration programs in the Oklahoma portion of the Arkoma Basin, as well as in Texas and Pennsylvania In addition, it operates drilling rigs in the Fayetteville Shale play, as well as in other operating areas; and explores for natural gas and crude oil under 32 licenses in New Brunswick, Canada The Midstream Services segment engages in gathering, marketing, and transporting natural gas in Arkansas, Texas, and Pennsylvania Southwestern Energy Company was founded in 1929 and is based in Houston, Texas

2350 North Sam Houston Parkway East
Suite 125
Houston WV 77032
Phone Number
281 618 4700




 Drilling Activity ( Jan 2017 - Apr 2024)
Basin
ANADARKO BASIN
APPALACHIAN BASIN
ARKLATEX BASIN
GREATER GREEN RIVER BASIN

Personnel (12 people)

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Engineering Manager
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Sr. Landman
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Senior Vice President Land & Business Development
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Manager, Engineering Operations
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Manager, Geophysics
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Director, New Ventures
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Vice President, Midstream
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Director, Supply Chain Services
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Arkoma Team Lead-Land
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Manager, Supply Services
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Frist Name Last Name Title Email Phone
David Dellosso Engineering Manager 281-618-4841
Gary Beck Sr. Landman gary_beck@swn.com 281-618-4740
Jim Dewbre Senior Vice President Land & Business Development Fax jdewbre@swn.com 281-618-4711
Joe Cox Manager Engineering Operations joe_cox@swn.com 281-618-4801
John Batson Manager Geophysics john.batson@swn.com 281-618-4746
John Campbell Director New Ventures john_campbell@swn.com 281-618-4044
John Gargani Vice President Midstream jgargani@swn.com 281-618-4762
Keith Clay Director Supply Chain Services keith_clay@swn.com 281-618-4801
Michael Ezell Arkoma Team Lead-Land mike_ezell@swn.com 281-618-7560
Mike Garner Manager Supply Services mike_garner@swn.com 501-548-6504
Sonny Bryan Vice President Operations sonny_bryan@swn.com 281-618-4769
Tom Cassard Land Manager tom_cassard@swn.com 281-618-4801

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2024 Development Program Includes Click here for More Planned 2024 Activity    



Area

Category

2023

2024 Est. Initial
Updated
2024 Guidance
%Difference
(2023 vs 2024)
Company Wide Total Capital Expenditure ($mm)

 Company Divestiture

Announce Date Buyer$MMTypePlay/LocationDetails
Jan-11-2024 Corporate Marcellus Shale,Utica Shale 
Sep-04-2018 Property Fayetteville Shale 
Jun-09-2016 Property Marcellus Shale,Utica Shale 


 Company Acquisitions

Announce DateSeller$MMTypePlay/LocationDetails
Nov-04-2021 Property Haynesville Shale 
Jun-02-2021 Corporate Haynesville Shale 
Aug-12-2020 Corporate Marcellus Shale,Utica Shale 
No Results found

Southwestern Living Within Cash Flow in 2016

September 14,2015
Southwestern Energy is planning to live within cash flow in 2016, dropping its budget by $300 MM from 2015.

Southwestern IPs Marcellus, Fayetteville Wells; Talks Completions

April 24,2015
During the first quarter of 2015, Southwestern invested a total of approximately $496 million in its E&P business, excluding the transactions with Statoil and WPX Energy noted previously.

Southwestern Ups Spending for 2015; Fayetteville, Marcellus Focus

December 30,2014
Total net production from the Fayetteville Shale in 2015 is expected to be 470 to 475 Bcf.

Southwestern's Fayetteville Production Blooms, Wells Improve

October 24,2014
47% growth in Marcellus production and highest production ever in the Fayetteville Shale.

Southwestern Sees Best Fayetteville Well Results in 2Q

August 01,2014
Since inception, the company has drilled 311 wells to total depth in 5 days or less from re-entry to re-entry in the Fayetteville Shale.

Southwestern's Marcellus Production Jumps 80%; Type Curves Detailed

August 01,2014
As of June 30, 2014, Southwestern had 216 operated wells on production and 93 wells in progress.

Southwestern Touts Marcellus, Fayetteville Results; Ups Guidance

August 01,2014
Strong production growth results in full-year 2014 production guidance increase to 758 to 764 Bcfe, up from previous guidance of 740 to 752 Bcfe.

Southwestern Details Marcellus, Fayetteville Laterals, Well Costs

May 02,2014
Southwestern's Marcellus and Fayetteville Wells Detailed..As of March 31, 2014, Southwestern had 193 operated wells on production and 91 wells in progress.

Southwestern Q1; Record Production of 182.0 Bcfe

May 02,2014
Gas from the Marcellus Shale was 58.0 Bcf in the 1Q 2014, more than double its production of 23.5 Bcf in 1Q 2013.

Marcellus Gas Production Gets Big Boost from Growing Takeaway Capacity

February 21,2014
Producers in Pennsylvania, boosted by new pipeline takeaway capacity, produced 3.3 Tcf of unconventional natural gas last year, up from 2.04 Tcf in 2012.

Southwestern to Spend Big on Fayetteville, Marcellus Shales in 2014

January 10,2014
In addition to these plays, Southwestern also has allocated money to the Smackover Brown Dense, Ark-La-Tex and DJ Basin.

Southwestern Energy Continues Fayetteville Development

November 06,2013
During the third quarter of 2013, the company's horizontal wells had an average horizontal lateral length of 5,490 feet and average time to drill to total depth of 6.5 days from re-entry

Southwestern Energy Tweaking Marcellus Well Completions

November 06,2013
Of the 151 operated horizontal wells on production at September 30, 2013, 82 were located in Bradford County, 8 were located in Lycoming County and 61 were located in Susquehanna County

Southwestern Energy Encouraged By SmackOver Well Performance

November 05,2013
The company is encouraged by initial flow rates from this well which achieved a peak 24-hour production rate of approximately 600 barrels of condensate

Southwestern Talks New Ventures; Eyes Smackover, Niobrara

May 03,2013
The company invested a total of approximately $475 million in its E&P business, including $2 million in its Ark-La-Tex division and $41 million in New Ventures.

Southwestern Ramps Up Fayetteville, Marcellus Well Activity

May 03,2013
During the first quarter of 2013, the company invested a total of approximately $475 million in its E&P business, including $229 million in the Fayetteville Shale and $203 million in the Marcellus Shale.

Southwestern Touts Marcellus Shale Production

March 04,2013
In 2012, Southwestern invested approximately $507 million in the Marcellus Shale, which included approximately $400 million to spud 92 wells, all of which were operated.

Southwestern Touts Fayetteville Records, Marcellus Production

February 21,2013
"Southwestern Energy's storyline in 2012 was 'Success in a low gas price environment,' not 'Survival hoping for a better product prices,'" remarked Steve Mueller, President and Chief Executive Officer of Southwestern Energy.

Southwestern Provides Smackover Brown Dense Drilling Ops

November 01,2012
Southwestern has approximately 506,000 net acres targeting the Lower Smackover Brown Dense formation in southern Arkansas and northern Louisiana. The company has drilled six wells in the play area to date. The company’s first three wells, which were completed earlier…