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Southwestern IPs Marcellus, Fayetteville Wells; Talks Completions
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Southwestern Energy Company announced its financial and operating results for the quarter ended March 31, 2015.
First quarter highlights include: Record production of 233 Bcfe, including 4 Bcfe associated with the East Texas and Arkoma assets scheduled to be divested in the second quarter; Total Appalachia net production of 113 Bcfe, comprised of 83 Bcf from Northeast Appalachia (a 43% increase compared to year-ago levels) and 30 Bcfe from Southwest Appalachia; Adjusted net income attributable to common stock (a non-GAAP measure reconciled below) of $84 million, or $0.22 per diluted share when excluding losses on derivative contracts, net of settlements and certain transaction costs associated with the West Virginia and southwest Pennsylvania acquisition closed in the fourth quarter of…Finish this article — free account or subscription
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