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Southwestern Hits Record Appalachia Output in Q4; 2.35 Bcfe/d
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Southwestern reported its Q4 and full year 2017 results.
Highlights: Net cash provided by operating activities of $1,097 million and net cash flow of $1,138 million, an increase of approximately 120% and 76%, respectively compared to 2016 Total net production of 897 Bcfe, including 578 Bcfe from the Appalachian Basin and 316 Bcf from the Fayetteville Shale Comprised of 89% natural gas and 11% NGLs and condensate; Record Appalachian Basin gross operated exit rate production of 2.35 Bcfe per day, a 40% increase compared to December 2016 Record total proved reserves of approximately 14.8 Tcfe, including 11.1 Tcfe from the Appalachian Basin, up 181% and 393%, respectively, compared to 2016 Comprised of 75% natural gas and 25% NGLs and condensate at year-end 2017, compared to 93% and…- ✓ Full news archive — U.S., Canada & international coverage
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